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Lenovo swings to loss on squeeze in memory chips

HONG KONG--A supply squeeze in memory chips is hampering Lenovo Group Ltd.'s turnaround strategy, pushing the PC and phone maker to its first quarterly loss in nearly two years. Lenovo Chief Executive Yang Yuanqing said a sustained rise in the cost of memory chips hurt profitability across all ...

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Ex-Yahoo entity Altaba's stock soars toward 17-year high

Shares of Altaba Inc. , formerly known as Yahoo, ran up 4.6% in premarket trade Thursday, on the heels of Alibaba Group Holding Ltd.'s better-than-expected quarterly results. The stock was on track to open at the highest price seen during regular session hours since Aug. 28, 2000. Altaba was ...

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Tencent's mobile gaming growth continues

Chinese internet giant Tencent Holdings Ltd. posted double-digit revenue and profit increases as it continued to grow its mobile-gaming, social-media and advertising businesses in the second quarter. Tencent, one of China's largest publicly traded companies and the world's biggest videogame ...

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China reclaims spot as No. 1 holder of Treasurys after 8-month hiatus

China overtook Japan as the top holder of Treasurys in June, according to the Treasury International Capital report. The last time China was the top holder was back in last October. China's holdings of U.S. government paper rose to $1.147 trillion, up more than $44 billion from the previous ...

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China vows to fight back against U.S. trade action

BEIJING--China vowed to fight back and defend its interests if the U.S. takes any protective measures, after President Donald Trump ordered a probe into Beijing's trade practices. If the U.S. takes any actions that harm bilateral economic and trade relationships, "China definitely won't sit back ...

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