Talking Tech: Nintendo, Lenovo, and Do Kwon

Saudi Arabia's public investment fund has increased its stake in a Kyoto-based gaming company to 8.3%, surpassing Japan's government pension fund. Meanwhile, Lenovo reports its first profit decline in nearly three years due to decreased PC demand, hinting at potential job cuts. The company remains optimistic about market stabilization. In the crypto world, the SEC is investigating Duquan and Terraform Labs for transferring Bitcoin from their failed project, with South Korean authorities seeking assistance in locating Duquan.

What is the primary reason behind Saudi Arabia's increased investment in the Kyoto-based video game company?

• To support local gaming industries

• To compete with Japan's government pension fund

• To become the largest shareholder in the world

• To diversify its economy away from oil

Which organization is now the second-largest shareholder of the Kyoto-based games company after Saudi Arabia's public investment fund?

• Japan's government pension investment fund

• Nintendo's own holdings

• Lenovo

• Bloomberg

What has caused Lenovo's profits to fall for the first time in almost three years?

• Rising production costs

• Waning demand for personal computers

• Increased competition in the PC market

• Supply chain disruptions

What action is Lenovo considering due to the decline in profits?

• Expanding into new markets

• Increasing product prices

• Implementing job cuts

• Launching new product lines

What is the SEC's accusation against Do Kwon and Terraform Labs?

• Transferring Bitcoin from a failed project

• Evading taxes

• Launching a new cryptocurrency

• Manipulating market prices