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With Alibaba stake cut, SoftBank CEO cools toward China tech

SoftBank Group Corp's decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector's biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his fans, symbolic of his foresight and investing acumen. Amid a sharp market downturn, however, Son will reduce his conglomerate's stake in Alibaba to 14.6% from 23.7% by settling prepaid…

With Alibaba stake cut, SoftBank’s Son cools toward China tech

SoftBank Group Corp's decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector's biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his fans, symbolic of his foresight and investing acumen. Amid a sharp market downturn, however, Son will reduce his conglomerate's stake in Alibaba to 14.6% from 23.7% by settling prepaid…

Demand for grocery delivery cools as food costs rise

Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. Each delivery cost $30 in fees and tips, but it was worth it to avoid the store. Then earlier this spring, Raschke learned her rent was increasing by $617 per month. Delivery was one of the first things she cut from her budget. Now, the 75-year-old walks four blocks to the grocery several times a week. She only uses delivery on rare occasions, like a recent heat wave. “To do it every week is not sustainable,” she…

Bleeding Cool’s Mammoth San Diego Comic-Con SDCC 2022 Party List

| It's been three years and it's time. Thanks to Eventbrite, Ticketmaster, SDCC Unofficial Blog,, Facebook, my bulging inbox, and a little Google …. what to do after San Diego Comic-Con when the clock ticks past 7 pm. If you want to add any more, contact [email protected]. This is usually only the start, by the time it is finished it is usually three or four times the original length. And I am sure that the NFT Cosplay Strip Club Event WEDNESDAY, 20th July Ready Party One: Love and Thunder, SDCC Kick Off Party!…

Wood-based foam passively cools buildings to cut energy bills

A huge chunk of energy usage goes towards heating and cooling homes and buildings, so it’s important to find new ways to regulate temperature passively. Engineers in China and Germany have developed a new wood-based foam that can drastically cool buildings, to a degree that can be easily tuned.Air conditioning is effective, but it’s not the most environmentally friendly way to cool off. In recent years scientists have been developing techniques that don’t guzzle so much electricity, including super-white paints or mirror…