China’s widening curbs on iPhone use by government staff intensified a sell-off in global tech stocks on Friday on fears Apple and its suppliers could take a hit from rising Sino-U.S. tensions and growing competition…
Monthly Archives For September 2023
China may never become the world’s biggest economy and has thrown out its old playbook, Mohamed El-Erian says
Bets that the Chinese economy still has a shot at reaching the top might have to be reconsidered, Mohamed El-Erian wrote in the Financial Times. Though blowout growth of past decades has helped China …
Alibaba’s grocery unit IPO put on ice amid disappointing valuation, Bloomberg reports
China’s Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, Bloomberg News reported on …
China launches ‘INSIDIOUS’ plot to DUPE U.S. pilots and aerospace technicians into training Beijing’s military, Pentagon says in dire warning
Beijing is attempting to obtain and use the Americans’ expertise to ‘fill gaps’ in the know-how of its own troops, according to a leaked memo obtained by the Washington Post. The plan involves …
China exports, imports fall in August
China’s exports and imports sank again in August, data showed Thursday, as the onshore yuan fell to the lowest dollar level since 2007. The disappointing yet expected trade figures add to growing …
Mubadala opens Beijing office amid warming ties between China and Gulf states, sources say
Mubadala is the second-biggest state fund in Abu Dhabi, the capital of the United Arab Emirates, after Abu Dhabi Investment Authority.
China Is Full of Risks. So Why Can’t Corporate America Leave?
Doing business in China, once seen as a can’t-miss opportunity, poses a troubling dilemma: Reasons to stay can be as compelling as the reasons to retreat.
Alibaba Affiliate Ant Group Eyes Overseas Web3 Expansion With New Blockchain
Ant Group, an affiliate company of Alibaba (NYSE: BABA) and parent of Alipay, launched a new blockchain service, ZAN which will be targeting Hong Kong, Singapore, and overseas markets f …
Hong Kong Rained Out, Investors Wake Up To Importance Of US China Relations, Week In Review
A ban shouldn’t be a surprise as many contacts didn’t believe the iPhone was popular amongst government workers nor used for official government business. iPhones are a luxury item in China due to …
Could China be about to take a big bite out of Apple’s iPhone business?
Rumours suggest that the Chinese government is ready to bear down on the US tech giant in the latest tit for tat move with the US – getting caught in the middle of diplomatic rift…
Vietnam and U.S. Forge Deeper Ties as Worries Rise About China
President Biden is expected to celebrate a new upgrade in relations with Vietnam this weekend, despite concerns about the country’s authoritarian crackdown and repression.
China is not the only thing fueling investor concerns about Apple, says Bernstein’s Toni Sacconaghi
Toni Sacconaghi, Bernstein Private Wealth Management’s Apple analyst, joins ‘Squawk on the Street’ to discuss the revenue hit Apple could face from restrictions in China, the timeline for Apple’s plan to migrate manufacturing outside of…
Alibaba grocery unit IPO put on ice amid disappointing valuation – Bloomberg News
Alibaba has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than the $6 billion to $10 billion value it was targeting when it considered raising a …
