Asian equities were largely higher though Japan, Hong Kong and Mainland markets were off by a touch. Following the hijacking of TikTok from ByteDance, investors in Hong Kong stocks used Secretary of … ( read…
TECHNOLOGY
China’s Submarines May Be The Stealthiest On Earth: Can America Catch Up?
Admiral Ma crowed that Chinese engineers are “now way ahead of the United States, which has also been developing similar technology.” … ( read original story …)
China’s Hottest Tech Stocks Are About to Move Twice as Much
Get ready for 20% moves in some of China’s most volatile and sought-after equities. Stocks on the Nasdaq-like ChiNext board will be allowed to rise or fall at twice the current 10% cap as soon…
China Warns US Against ‘Dangerous Moves’ On Taiwan: Xinhua
Chinese Defense Minister Wei Fenghe warned his US counterpart in a phone call Thursday to avoid firing up bilateral tensions, a day after Washington angered Beijing by announcing it would send a … ( read…
Investors in China’s Electric-Vehicle Companies Bet on Bright Future
Investors in Chinese EV companies are certainly betting on a bright future, even as Covid-19 depresses sales within China by a third. Shares in top manufacturer Nio (NIO) have soared 250% year-to-date … ( read…
Blockchain Bites: Bulls Reborn, Backrunning Bots, Bitmain Blowout
Ethereum Classic was hit with another 51% attack, Instagram is seeing a proliferation of crypto scams and Bitmain’s latest shipments is delayed. ( read original story …)
China launches 2 satellites from Gobi Desert
China is continuing its rapid rate of space launches with its 22nd mission of 2020. China launched a new Earth observation satellite on Thursday (Aug. 6), with a small companion satellite from … ( read…
Microsoft’s Roots in China Have Positioned It to Buy TikTok
Alumni of the software giant’s Beijing research lab are now executives at Alibaba, Tencent, SenseTime—and TikTok parent ByteDance. ( read original story …)
US to Purge ‘Untrusted’ Apps in New Measures Against China
The U.S. government is stepping up efforts against Chinese technology companies as it prepares to purge App Stores of “untrusted” … ( read original story …)
Washington steps up anti-China campaign with ‘Clean Network’ project
Secretary of State Mike Pompeo has launched the ‘Clean Network’ initiative which aims to effectively sever all connections between China and the US in the telecoms and tech world. ( read original story …)
China sentences 3rd Canadian to death on drug charges
China has sentenced a third Canadian citizen to death on drug charges amid a steep decline in relations between the two countries. The Guangzhou Municipal Intermediate Court announced Xu Weihong’s … ( read original story…
Apple focuses on building local supply chain for iPhones sold in China
One such manufacturer includes Luxshare, which has already set up manufacturing plants in China from Taiwan’s Wistron. Another Chinese firm is Lens Technology, who is sourcing metal chassis plants … ( read original story …)
China Says It Is Firmly Opposed to U.S. Action to Block Chinese Apps
China said on Thursday it was firmly opposed to the U.S. government’s action to block Chinese apps and said the move went against market principles and had no … ( read original story …)
