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UBS analyst Peter Grom raised Estee Lauder's price target to $62 while maintaining a neutral stance, despite the stock's 55% decline over the past year. The company reported a strong third-quarter earnings beat but faces challenges with declining organic sales and uncertainties regarding future growth, particularly due to tariff impacts. Management remains optimistic about returning to growth in fiscal year 2026, supported by strategic initiatives and market share gains in key regions.
TikTok has been fined €530 million due to issues related to the transfer of user data from China. This significant penalty highlights ongoing concerns regarding privacy and data protection practices within the platform. The ruling underscores the increasing scrutiny tech companies face over their data handling policies.
TikTok is set to invest €1 billion (US$1.14 billion) in a new data center in Finland as part of its "Project Clover" initiative, aimed at addressing European data privacy concerns. This investment is part of a larger €12 billion commitment over ten years to enhance data security amid rising regulatory pressures and geopolitical tensions surrounding data sovereignty. Finland is emerging as a key hub for data infrastructure, with significant investments from major tech companies leveraging its favorable climate and renewable energy resources.
TikTok is set to invest 1 billion euros in a new data centre located in Finland, as confirmed by a company spokesman. This significant move underscores the platform's commitment to expanding its infrastructure in Europe.
TikTok is set to make its entry into Japan's ecommerce market, expanding its influence beyond social media into online retail. This move reflects the platform's strategy to diversify its offerings and tap into new revenue streams in a competitive landscape.
Huawei is developing the Ascend 910D AI GPU to compete with NVIDIA's previous-gen Hopper H100, focusing on the Chinese market amid US export restrictions on NVIDIA's AI chips. Early samples are expected by late May, with plans to support domestic AI growth by supplying powerful processors to major tech firms.The company aims to ship over 800,000 of its Ascend 910B and 910C AI chips this year to various customers, including state-owned telecommunications and private developers like ByteDance. China's reliance on homegrown solutions is increasing as it faces challenges in accessing advanced semiconductor technology.
TikTok is set to enter Japan's ecommerce market, according to a report by Nikkei. This move marks a significant expansion for the platform as it seeks to diversify its offerings and tap into the growing online shopping trend in the region.
TikTok has restructured its US leadership amid regulatory pressures, with key executives reassigned to consolidate control as the company faces a potential ban unless its parent, ByteDance, divests ownership. Nicole Le Bourgeois will no longer report to Bob Kang Zeyu, who has been moved under Mu Qing, overseeing global ecommerce. Michael Beckerman, the former US public policy chief, has stepped down but will remain an adviser, reflecting TikTok's strategy to navigate complex regulatory demands while maintaining US market knowledge.
The viral 'Dubai Chocolate' trend on TikTok has sparked a global shortage of pistachios, as demand surges for the popular treat. This phenomenon highlights the significant impact social media trends can have on food supply chains worldwide.
Huawei has launched an upgraded version of its Eyewear 2 smart glasses, featuring titanium temples, voice commands, gesture controls, and simultaneous translation. The device offers 11 hours of music playback and nine hours of talk time, catering to a growing market for AI-enabled glasses, projected to reach 80 million units in five years. Competitors like Meta and Xiaomi are also enhancing their smart glasses, reflecting the intensifying competition in this sector.
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ubs raises estee lauder price target amid mixed market sentiment
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huawei launches upgraded smart glasses with live translation and ai features
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11:00 21.04.2025
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