Apple Inc. reported a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected and the company returned to revenue growth.
Monthly Archives For February 2024
China gaming: Beijing approves Dungeon & Fighter Mobile among imported titles, giving Tencent a boost
In a surprise move, China’s gaming regulator approved a new batch of foreign video games on Friday, including hit title Dungeon & Fighter (DnF) Mobile to be operated in China by Tencent Holdings, as …
ICBC chairman Chen Siqing resigns as Chinese banking industry undergoes leadership reshuffle
The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year.
China regulator urges banks to improve credit management
China’s financial regulator on Friday issued measures that urge commercial banks to further improve credit management, to better serve the real economy.
Apple’s China sales tumble highlights waning clout as local brands gain
Apple’s weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. Intensifying …
China’s EV makers continue to make inroads in Southeast Asia, as they double their market share in Thailand—the ‘Detroit of Asia’
It’s the latest country where China’s cheap electric cars are challenging established automakers, many of which were slow to embrace the EV transition.
Fast-fashion retailer Shein eyeing Wall Street IPO facing dozens of lawsuits: report
Shein, which apparently has aspirations to list shares on Wall Street, has had nearly 100 copyright cases filed against it to date, the Financial …
CEOs are worried about China risks, but they’re learning that leaving the market is easier said than done
Dig a little deeper, you’ll find the top concern among geopolitical risks, for most, is not war in Europe, or missiles in the Red Sea, or widening conflict with Iran. It’s China. A decade ago,…
China’s Investors Take Shots at State Media Spin as Stocks Fall
The Communist Party’s mouthpiece ran an editorial declaring China was brimming with “optimism” on Friday. Within hours, stocks tumbled and internet users clapped back with sarcasm.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6…
Missing Chinese banker resigns from China Renaissance for ‘health reasons’ a year after disappearing
Bao Fan, a star Chinese tech banker who disappeared a year ago amid Beijing’s anti-corruption crackdown, has formally resigned from the firm he founded, the company said.
Huawei and China Unicom pilot large-scale 5.5G network in Beijing
First-of-its-kind network seen as a benchmark for future 5.5G networks and applications across China. China Unicom Beijing and Huawei have successfully deployed a pilot large-scale 5.5G network in …
Pigeon suspected of spying for China freed in India after investigation clears name
A pigeon accused of being a Chinese spy has been cleared of espionage by Indian police and released back into the wild.
China central bank reports 150-bln-yuan in PSL net issuance in January
The People Bank of China PBOC China central bank reported a net issuance of 150 billion yuan 2112 billion US dollars of Pledged Supplementary …
