Alibaba revenue beats estimates as profit plunges

A focus on low-cost goods in response to cautious consumer spending helped boost domestic e-commerce sales

RMB pushes tech investment via R1.8bn funding to Powerfleet

The US-based internet of things (IoT) specialist has a primary listing on the Nasdaq

Falling revenue hits MTN, sheds R14.8bn in value

Challenging conditions and currency devaluations in some of its markets affected first-quarter performance

Avanti launches low-earth orbit satellite service in SA

The move advances Avanti’s ambition to make Africa its primary revenue source in the next few years

Tencent Music beats estimates as more users pay for streaming

The audio entertainment platform reports revenue of $935.9m for the quarter to end-March

IBM expands software availability on AWS Marketplace to SA

IBM is hoping to use the platform to get more of its AI products to customers

Vodacom full-year earnings lower on Ethiopian start-up costs

Heps also hit by inflationary pressures and weaker exchange rates across markets

GSMA joins calls for telecom deregulation in Nigeria

MTN and other mobile operators have stepped up calls for increases to mobile tariffs

Microsoft hit with $242m verdict in patent lawsuit

Cortana virtual-assistant software infringed an IPA patent

OpenAI to launch Google search rival

AI-powered search product to be unveiled on Monday