Tuesday, August 8, 2023

The Philippines races to defend its share of the ~$300B global business process outsourcing market, battling deteriorating talent, rising competition, and AI (Bloomberg)

Bloomberg:
The Philippines races to defend its share of the ~$300B global business process outsourcing market, battling deteriorating talent, rising competition, and AI  —  - Only one out of 10 outsourcing job applicants gets hired  — Growth in jobs added during pandemic fell below global trend



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...