Microsoft Corp
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Information Technology : Software | Large Cap Growth
Company profile

Microsoft Corporation is a technology company. The Company develops and supports software, services, devices, and solutions. Its segments include Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of products and services in its portfolio of productivity, communication, and information services, spanning a variety of devices and platforms. This segment includes Office Consumer, LinkedIn, dynamics business solutions, and Office Commercial. The Intelligent Cloud segment consists of public, private, and hybrid server products and cloud services that can power modern businesses and developers. This segment includes server products and cloud services, and enterprise services. The More Personal Computing segment consists of products and services that put customers at the centre of the experience with its technology. This segment includes Windows, devices, gaming, and search and news advertising.


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-0.66 (-0.22%)
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Chinese ADRs surge after report of China authorities' plans to give access to audits

6:31 am ET April 1, 2022 (MarketWatch)

The U.S.-listed shares of China-based companies surged in premarket trading Friday, after Bloomberg reported that Chinese authorities are in the process of giving U.S. regulators full access to auditing reports. That would allow China-based companies to remain listed on U.S. exchanges, removing an overhang that has weighed on the American depositary receipts (ADRs) of China-based companies. The iShares MSCI China ETF (MCHI) jumped 4.0% ahead of the open, after having dropped 15.7% over the past three months through Thursday while the S&P 500 slipped 5.0%. Among the more active Chinese ADRs, shares of DiDi Group Holding Ltd. (DIDI) shot up 17.6%, Alibaba Group Holding Ltd. (9988.HK) rallied 7.0%, iQIYI Inc. (IQ) climbed 10.1%, NIO Inc. (NIO) rose 5.9%, Pinduoduo Inc. (PDD) hiked up 12.5% and Bilibili Inc. (BILI) ran up 12.0%.

-Tomi Kilgore


(END) Dow Jones Newswires

April 01, 2022 06:31 ET (10:31 GMT)

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