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A game about sheep is going viral in China even as gaming regulation remains tight

[ad_1] A young Beijing company's game called "Sheep a Sheep" went viral in China in September 2022.Evelyn Cheng | CNBCBEIJING — A new game that's gone viral in China hit people's screens with surprising speed at a time when gaming giants such as NetEase have waited months for approval to

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Crypto lender Nexo gets U.S. bank charter after buying stake in regulated bank

[ad_1] The crypto market has been battered this year, with nearly $2 trillion wiped off its value since its peak.Jonathan Raa | Nurphoto | Getty ImagesCryptocurrency lender Nexo on Tuesday announced it has taken a stake in a federally-regulated U.S. bank, paving the way for the company to offer banking

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Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried’s FTX for $1.4 billion

[ad_1] Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022.Jeenah Moon | Bloomberg | Getty ImagesCustomers of beleaguered cryptocurrency lender Voyager Digital may find some

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Singapore’s Temasek leads a $40 million funding round in a Chinese startup

[ad_1] In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact.Ina Fassbender | Afp | Getty ImagesBEIJING — Singapore state investment firm Temasek is leading a $40 million funding round in a

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Wall Street milestone: ETF popularity hits record number

[ad_1] ETFs are seeing a record surge in popularity.The industry hit a milestone with more than 3,000 ETFs trading simultaneously for the first time ever this month — a 30% increase since December 2020, according to Morningstar.And this year investors are taking more active strategies, such as single-stock ETFs that

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Palantir CEO Alex Karp says this deadly tidal wave of macroeconomic risks will wipe out some companies

[ad_1] Alex Karp, CEO of Palantir arrives ahead of a "Tech For Good" meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants.Bertrand Guay | AFP | Getty ImagesPalantir co-founder and CEO Alex Karp believes this period of "deadly" macroeconomic uncertainties will crush

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FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round

[ad_1] Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE - Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City.Craig Barritt | Getty ImagesSam Bankman-Fried's crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new

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Xpeng says its next SUV could become the company’s new best-selling car

[ad_1] Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022.China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car start-up Xpeng's newest model will likely sell better than its most popular car to date, according to Brian Gu, the company's

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How crypto billionaire Sam Bankman-Fried survived the market wreckage and still expanded his empire

[ad_1] FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry's recent carnage and said he still has cash to spend if opportunity knocks.It may seem strange. Other multi-billion-dollar crypto giants spiraled into bankruptcy this year. FTX's main competitor, Coinbase, has seen its shares plunge 70% and has

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