Bloomberg Business

Alibaba Pushes Cost Cuts as Revenue Growth Remains Sluggish

Alibaba Group Holding Ltd. is pushing aggressive cost-cutting to boost profit as growth in its domestic China market remains anemic, a conservative shift for a tech giant that once spent aggressively to dominate wide swaths of the economy.

Dimon Records Sought in Suits Over JPMorgan’s Epstein Ties

Plaintiffs in two lawsuits accusing JPMorgan Chase & Co. of facilitating Jeffrey Epstein’s sex trafficking are asking for court orders requiring Chief Executive Officer Jamie Dimon to turn over additional documents.

TSMC’s Second Japan Plant to Reportedly Cost Over $7.4 Billion

Taiwan Semiconductor Manufacturing Co. plans to build its second chipmaking plant in Japan in southwestern Kumamoto prefecture, with total investment expected to be more than 1 trillion yen ($7.4 billion), Nikkan Kogyo reports without attribution.

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