UBS analyst David Vogt wrote that the share of smartphone users in China who intend to buy an iPhone within 12 months reached the highest level in six years.
Monthly Archives For May 2022
China’s sends smallest Davos delegation in years amid concern zero-Covid is limiting its voice on world stage
The Chinese delegation at Davos this year is unusually small due to the country’s stringent travel rules, robbing Beijing of an opportunity to make its voice heard on the global stage, observers say.
Airbnb to shut down domestic operations in China
Airbnb is shutting down its business in mainland China this summer due to mounting costs and domestic competition, reported CNBC. The online vacation rental platform first launched operations in …
Apple stock rises after tech giant looks to expand production outside China
Yahoo Finance’s Akiko Fujita and Brian Cheung discuss reports that Apple will look to expand its supply chain outside of China and how the stock is responding.
Airbnb stops booking stays in China: source
Home rental service Airbnb is shutting down its business in China as a pandemic lockdown shows no sign of ending there, a source close to the company told AFP Monday.
Report: Crypto Mining in China Continues Despite Ban
Despite China’s nationwide ban on cryptocurrency mining, data recently published by Cambridge University indicated that mining has persisted in the country by moving underground and altering their …
NFTs vs. China
But a story out of China offers a reminder that crypto isn’t just for investing. Increasingly, it’s also being put to political ends. This one has to do with Non-Fungible Tokens — unique digital …
Airbnb Is Shutting China Business to Focus on Outbound Asia Travel
Airbnb Inc. is shutting its operations in China, choosing to focus instead on outbound Chinese tourism as the country continues its aggressive approach to containing Covid-19.
Airbnb To Quit China Business as Harsh Lockdowns and Competition Weigh on Demand
The company will suspend its domestic business in China but continue to serve Chinese travelers booking in other countries …
China-U.S. Relationship Like Titanic Headed for Iceberg: State Media Says
The Global Times quoted Da Wei, director of the Center for International Security and Strategy of Tsinghua University in Beijing, as saying that Biden’s tactics could result in China-U.S. relations …
BlackRock downgrades stocks, citing Fed over-tightening and China risk
Meanwhile, a downturn in China that’s “starting to rival” the 2020 slowdown is … is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and …
China Should Move Reserves Out Of US Treasuries
China has built a foreign exchange-earning economy and accumulated US$3.3 trillion in reserves over the past few decades, but such policies are o …
China launches 3 communications test satellites to low Earth orbit
China launched three new test communication satellites to low Earth orbit as the country looks to build its own version of SpaceX’s Starlink broadband constellation. A Long March 2C rocket lifted off …
