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Megvii IPO valuation complicated by lack of direct peers, US blacklisting
Megvii is likely to base its listing price on video surveillance specialists Hangzhou Hikvision Digital Technology Co. Ltd. and Zhejiang Dahua Technology Co. Ltd. The Chinese artificial intelligence company's upcoming Hong Kong IPO could be complicated by a lack of comparable public companies, trade restrictions with the U.S., and the fact that it has yet to make a profit, analysts said.
NBCU streaming service Peacock to reach breakeven in 2024
NBCUniversal Media LLC expects its streaming service Peacock to break even by 2024. Peacock, launching on parent Comcast Corp.'s platforms April 15 and nationwide July 15, will generate $2.5 billion in revenue by 2024, Matt Strauss, chairman of the service and NBCUniversal Digital Enterprises, told investors.
Microsoft announces new carbon 'moonshot' strategy, $1B innovation fund
Microsoft Corp. will become carbon negative by 2030. By 2050, it will remove from the environment all the carbon it has emitted since the company was founded in 1975.
Tech trade groups welcome 1st phase of trade deal but urge strict enforcement
Trade groups across the tech, media and telecom sectors lauded the "phase one" signing of a trade deal between the U.S. and China, though they urged robust enforcement and further relaxation of tariffs.