Chinese tech giant Tencent’s cloud service, Tencent Cloud, has launched an alliance to promote the development and application of the blockchain industry.The post Chinese tech giant Tencent forms … ( read original story …)
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China wants in on U.S. AI data center boom. Here’s why
China wants in on US AI data center boom. Here’s why
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Chinese tech giant Tencent forms alliance to promote blockchain development
HK residents rush for offshore bank accounts on China law worries: sources
Banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts amid concerns stemming from China’s decision to impose a … ( read original story…
Munich Re’s Ergo to take stake in China’s Taishan insurance
Munich Re’s MUVGn.DE Ergo unit is entering China’s property and casualty insurance market with a 24.9% stake in Taishan Property & Casualty Insurance Co … ( read original story …)
China Could Force Donald Trump And The Fed To Destroy The U.S. Banking System
The Federal Reserve has warned central bank digital currencies might one day replace commercial banks, creating “a deposit monopolist” and playing “havoc” with the … ( read original story …)
China stocks gain as dismal trade data fuels stimulus hopes
China stocks ended higher on Monday as poor domestic trade data reinforced hopes for further policy stimulus to shore up the coronavirus-stricken economy. ( read original story …)
Ericsson to Take $109 Million Hit as China Assets Written Down
Ericsson AB will need to write down assets related to its business in China, resulting in a 1 billion krona ($109 million) hit to the Swedish telecoms giant. ( read original story …)
The supply chain shift out of China has further to go: Investor
Marc Dragon of Reefknot Investments discusses the challenges to global supply chains posed by Covid-19 and U.S.-China trade tensions, and the ongoing reshoring of operations away from China. He says … ( read original story…
Ericsson flags margin headwind over China 5G contracts, takes $108 million charge
Ericsson’s second-quarter results will take a hit of about 1 billion crowns ($108.8 million) due to write-downs of product inventory in the Chinese market, the Swedish company said on Monday. The … ( read original…
Ericsson Strengthens its Position in China and Writes Down Assets
As previously announced Ericsson (NASDAQ: ERIC) has increased its footprint in China through 5G contract awards from all three major operators in China. The strengthened market position is strategical … ( read original story …)
Ericsson Sees Negative Q2 Margin In China; Maintains Group Targets For 2020, 2022
(RTTNews) – Ericsson (ERIC) announced Monday that it has maintained financial targets for 2020 and 2022. The company noted that it has increased its footprint in China through 5G contract awards from … ( read…
India is forging closer ties with the U.S. as China rises: Eurasia Group
India has been building its defense relationship with the U.S. to secure a “free and open” Indo-Pacific region as China’s global rise poses a growing threat to its borders, says Akhil Bery of Eurasia ……
China says U.S. Senator Scott should present evidence of COVID-19 wrongdoing
China said on Monday that U.S. Senator Rick Scott should present the evidence for his accusation that Beijing is trying to slow down or sabotage the development of a COVID-19 vaccine by western … (…
Top Companies Choose Zhejiang,China
This is an official voice from Chevron China, which recently announced a donation of 2 million RMB to the China Women’s Development Foundation to assist China in the fight against the epidemic. From a ……
