Author: MNK News
BEIJING (Reuters) – China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58 billion). The 78.7% share represents holdings held by Alibaba subsidiaries, according to a filing to the Hong Kong Stock Exchange. Alibaba paid $3.6 billion for a controlling stake in Sun Art in 2020 in the hope of further leveraging its digital presence to support Sun Art’s hundreds of hypermarkets in China. The disposal of the stake comes after an 85% jump in Sun…
The Binance Coin price held steady above $700, as a unique chart pattern pointed to more gains, potentially to $1,155 in the near term. Binance Coin (BNB) was trading at $707 on Jan. 1, a few points below the December high of $794 and 200% above its 2024 low. The BNB coin faces three key catalysts that could push it much higher in the first quarter of this year. First, the network has continued to burn its tokens, a move that is expected to reduce its outstanding coins to 100 million from 144 million over time. According to BNB Burn,…
Edmond Dantes (Pierre Niney) plans his revenge and crafts his disguise to become ‘The Count of Monte … [+] Cristo’Courtesy of Pathe’ Perhaps something magical happens when two Frenchmen adapt classics from their homeland. Some type of nationalistic alchemy ensues. Perhaps their desire to honor the work of their countryman and capture the essence of a literary masterpiece drives their filmmaking craft to new heights. Or maybe it’s just good old-fashioned serendipity that caused writer-directors Alexandre de La Patelliere and Matthieu Delaporte to make the best adaptation of The Count of Monte Cristo to ever grace the silver screen. (The…
With one week left in 2024, investors and consumers alike are likely already focused on 2025. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 Over the past year, many tech companies have made important announcements and rolled out products already impacting the industry. Artificial intelligence (AI) leader Nvidia (NVDA) is poised to close 2024 with gains of almost 200%. However, many of its competitors are doubling down on efforts to start building their own AI chips, a trend that threatens to unseat the company that has dominated the AI sector since the launch of ChatGPT…
It’s the start of a new year, which means a fresh crop of creative works have entered the public domain. Today, many materials that were copyrighted in 1929, along with sound recordings from 1924, become fair game to freely adapt, reuse, copy and share. The Center for Public Domain at Duke Law School collected some of the more notable properties that entered public domain with the start of 2025.This is a big year when it comes to film, with several seminal directors debuting their first projects with sound, such as Alfred Hitchcock’s Blackmail and Cecil B. DeMille’s Dynamite. 1929 was…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI, priced at $0.004 in presale, is gaining momentum as a rival to Solana, with projections of a surge to $2 within 10 weeks. The cryptocurrency market thrives on disruptive innovation, and Lightchain AI is emerging as a strong rival to established platforms like Solana (SOL). Priced at just $0.004 during its presale, Lightchain AI has raised over $7 million, drawing attention from investors eager to capitalize on its potential for rapid growth. With its advanced technology and…
New Video footage posted to social media shows the exact moment a Tesla Cybertruck exploded in front of Trump International Hotel in Las Vegas, Nevada, on New Year’s Day. The explosion has reportedly left one person dead and multiple others injured. The dramatic video footage appears to be caught on a surveillance camera overlooking the entrance to President-elect Donald Trump’s Las Vegas property. Watch Below: In the video, the electric vehicle can be seen parked outside of the front doors to Trump International Hotel when suddenly, the Cybertruck explodes in a fiery blaze. While it remains unclear exactly how the Cybertruck ended…
Formula Fig’s West Hollywood Fig BarFormula Fig Companies offering facial and esthetic services are on the rise with service-based retail experiences and subscription offerings. It makes sense, considering data shows the global facial treatment market reached the billion-dollar mark in 2024 and is projected to double by 2032, growing at a 5.8% compound annual growth rate. “Wellness services that support retail spaces have evolved in so many ways in recent years thanks to consumers demanding it,” said Nicole Leinbach Hoffman, a retail expert and founder of B2B tradeshow Stimulate. “Individuals want to look good and feel good, and this is…
That didn’t take long. Nvidia joined the Dow Jones Industrial Average on Nov. 8, replacing Intel (INTC) , but the AI chip superpower quickly made its mark. Related: Nvidia stock faces new threat after China update Nvidia (NVDA) was the Dow’s top performer for 2024. The AI chip maker’s stock more than doubled (up 171%) in 2024. The Santa Clara, California giant reached a $3 trillion market cap in the year artificial intelligence went mainstream, making it the second most valuable company after Apple (AAPL) . Nvidia even temporarily surpassed Apple for the No. 1 spot. 🎁 Buy 1 Year and…
VR headsets have jumped into a whole lot of homes these past few years, primarily due to Meta’s regular releases, Sony’s PSVR 2 and PC-adjacent products from HTC, HP, Vive and others. Many of these headsets are great on their own, but they really shine when outfitted with accessories. However, the industry is squarely in its “wild west” phase right now, so it can be tough to know what’s worth buying and what’s likely to end up tucked away in a closet within a week. That’s where Engadget comes in. Here are the best VR accessories to pair with a…