The Biden administration must navigate the interests of U.S. companies and allied governments as it tries to close off China’s access to advanced chips
TECHNOLOGY
China firm pays actor US$400,000 for live-stream, demands refund after dismal product sales
A company in China that paid a celebrity a handsome fee to sell its products during a special online shopping live-stream is demanding a refund after sales flopped.
China hogs APAC fintech funds in first half amid global decline, investor caution: KPMG
Fintech investment in China fell 17 per cent, in line with the global drop in the first half, as investors tread cautiously amid various uncertainties, according to KPMG report.
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$6.27, down 4.9%
[ET Net News Agency, 9 August 2024] CHINA UNICOM (00762) fell 4.9% to HK$6.27, dipping below the 100-D SMA of HK$6.3. It hits an intra-day low of HK$6.26, hitting an 1-month low, and an intra-day…
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$6.27, down 4.9%
[ET Net News Agency, 9 August 2024] CHINA UNICOM (00762) fell 4.9% to HK$6.27, dipping below the 100-D SMA of HK$6.3. It hits an intra-day low of HK$6.26, hitting an 1-month low, and an intra-day…
China Tower signs IoT monitoring deals with China Telecom and Unicom
Chinese telecoms infrastructure firm China Tower says it has renewed multi-year framework deals with China Telecom and China Unicom to prepare for an expected surge in demand for IoT monitoring data …
China Mobile 5G user adoption to cool in H2
China Mobile forecast uptake of 5G users to slow in H2 after adding 49 million network customers in the first half.
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$6.42, down 2.6%
[ET Net News Agency, 9 August 2024] CHINA UNICOM (00762) fell 2.6% to HK$6.42. It hits an intra-day low of HK$6.39, hitting an 1-month low, and an intra-day high of HK$6.68. The total shares traded…
Alibaba, Tencent to provide snapshot of China’s economic landscape
ALIBABA Group, Tencent and JD.com will provide a snapshot of China’s economy and consumer sentiment, as another somber earnings season is expected in the region. Read more at The Business Times.
China’s Amphibious Assault Ship: A Symbol of Rapid Naval Expansion
China is rapidly constructing the world’s largest amphibious assault ship on Changxing Island, Shanghai. Named the 076 Class or ‘Yunan’ class, it is expected to launch by 2025. This swift progress highlights Beijing’s military expansion,
China Launches First Portion of Satellite Megaconstellation
As SpaceNews reports, China has successfully launched the first 18 of its initial satellites for its Qianfan or “Thousand Sails” megaconstellation, which were deployed into low-Earth orbit by a Long March 6A rocket on August…
China’s Robotaxi Revolution Threatens Ride-Hailing Drivers
China’s ride-hailing drivers, like 36-year-old Liu Yi from Wuhan, face new challenges as robotaxis become more prevalent. Liu, who began driving part-time this year due to a construction slowdown, fears increased competition from driverless taxis…
China is closing the AI Gap with the United States
While the United States has had a head start on AI development, China is catching up. In recent weeks, several Chinese companies have unveiled AI technologies that rival leading American systems. And …
