Xiaomi Q1 2023 Report Reveals Leading Smartphone Market Took Hit on Poor Product Sales

For Q1 2023, Xiaomi sold far fewer smartphones than in the first quarter of last year due to waning demand.  Xiaomi Corporation recently posted its Q1 2023 earnings report, which saw its revenue plunge 18.9% amid a wane in global smartphone demand. On Wednesday, the Chinese consumer electronics designer and manufacturer reported first-quarter sales of … Read more

Tencent Wants to Develop AI-Backed Product Similar to ChatGPT

According to people familiar with the matter at Tencent, the company has set up a development team to work on a new project. Chinese conglomerate company Tencent Holdings has joined the growing list of companies working to develop a similar AI tool like ChatGPT. The Microsoft-backed ChatGPT has gained massive attention since its rollout and … Read more

Huobi Announces Closure of Cloud Wallet Service amid ‘Strategic and Product Adjustments’

Following the announcement of its Cloud Wallet service closure, Huobi has advised users to transfer their digital assets elsewhere. Huobi recently announced the impending closure of its Cloud Wallet service due to “strategic and product adjustments.” According to the crypto exchange, it will effectively shut down its decentralized finance (DeFi) multi-token wallet on May 13th, 2023. … Read more

Mastercard NFT Product Lead Quits, Says He Felt Neglected

The Product Lead at Mastercard said that he was a victim of harassment & emotional distress caused by a series of mismanaged processes, miscommunication, and internal inefficiency. On Thursday, February 2, Satvik Sethi – the non-fungible tokens (NFT) product lead at Mastercard – resigned from his role while minting his resignation letter from the global … Read more