Roll-out of 5G network in many countries is a huge impetus for the stock. Firm set for rebound after the COVID-19 crisis with their widening margin. 2019 revenu … ( read original story …)
TECHNOLOGY
China Market Update: Chinese Equities Display Lowest 30-Day Volatility Among Global Markets
In Hong Kong, telephone operator China Unicom (762 HK) gained +2.24% after reporting earnings, which we saw with China Mobile yesterday. ( read original story …)
China Market Update: “An Acquired Taste” – The Largest Liquor Company Beats Earnings Estimates
The strong results led to a +3.71% pop with fellow alcohol stocks rallying and thereby leading the consumer staples sector to an impressive day in both the Mainland and Hong Kong. ( read original story…
AG Barr on Coronavirus Restrictions, China, Durham Investigation, and More
If states adopt restrictions that are too stifling of fundamental liberties, or if restrictions are enforced in a draconian or invidious manner, the Justice Department stands prepared to intervene. ( read original story …)
China and the United States Are Both Losing the Blame Game
Bush made a point in declaring that China was a strategic competitor. And in 2016, before he became president, Donald Trump accused China of “raping” America. But if the last two weeks are any guide,…
China’s coronavirus diplomacy has finally pushed Europe too far
With a series of high-level summits culminating in a visit to Germany in the fall by President Xi Jinping, this was supposed to be the year of Europe-China diplomacy. Instead, Europeans are warning of ……
Shunned by U.S., Huawei Winning China’s $170 Billion 5G Race
Huawei Technologies Co. is emerging as the runaway winner in China’s $170 billion effort to build out its fifth-generation wireless networks, part of a concerted effort by Beijing to seize the lead in … (…
China Unicom profit tumbles; silent on 5G
China Unicom booked a double-digit drop in profit in the first quarter of 2020 as ARPU and subscriber numbers continued to fall year-on-year, with the operator looking to 5G to drive growth but still ……
China Unicom 1Q Net Profit Fell 14% as Costs Surged
China Unicom (Hong Kong) said first-quarter net profit fell 14% despite higher revenue, as surging administrative expenses weighed on earnings. Net profit declined to 3.17 billion yuan ($448.3 million … ( read original story …)
Shunned by U.S., Huawei Winning in China’s $170 Billion 5G Race
Huawei Technologies Co. is emerging as the runaway winner in China’s $170 billion effort to build out its fifth-generation wireless networks, part of a concerted effort by Beijing to seize the lead in … (…
Blockchain Bites: DeFi Hacker Is Back, Oil Craters and Big Tech Won’t Sue You
Big Tech vows not to sue developers using their patents to build solutions to the COVID-19 pandemic while a hacker returns funds stolen this weekend. ( read original story …)
New Crypto Ponzi Scheme Takes Off in China
In China, a new Ponzi scheme has picked up steam … While the PlusToken scam remains one of the most significant crypto scam operations in history (second to, perhaps, OneCoin), the scam … ( read…
Did China Technology Industry Group Limited (HKG:8111) Insiders Buy Up More Shares?
Investors may wish to note that an insider of China Technology Industry Group Limited, , recently netted from selling stock, receiving an average price of . On the bright side, that’s just a small ……
