SYDNEY (Reuters) – Australia’s government on Thursday banned major Chinese telecoms firm Huawei Technologies Co Ltd from supplying equipment for its planned 5G mobile network, citing risks of foreign … ( read original story …)
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Australia bans China’s Huawei from mobile network build over security fears
China Now Boasts More Than 800 Million Internet Users And 98% Of Them Are Mobile [Infographic]
China’s internet population just passed a major milestone. According to the Chinese government, 802 million people are now actively using the internet, 57.7 percent of the population. The data was pub… ( read original story…
China Furious After Australia Bans Huawei From Mobile Network Project
Taking a page out of Trump’s playbook – and coming at a tumultuous time for the country, with PM Turnbull apparently on his way out and the local government in disarray – Australia banned Chinese…
Contrasting PLDT (PHI) & China Mobile (CHL)
PLDT (NYSE: CHL) and China Mobile (NYSE:CHL) are both computer and technology companies, but which is the better investment? We will compare the two businesses based on the strength of their profitabi… ( read original…
Huawei banned from 5G mobile infrastructure rollout in Australia
and is expected to usher in the “network of things”, facilitating mobile connections for driverless cars and smart appliances. Huawei has argued that with or without them being involved in the 5G roll… ( read…
Lazard Asset Management LLC Has Decreased China Mobile (CHL) Position by $11.14 Million
Lazard Asset Management Llc decreased its stake in China Mobile (CHL) by 1.18% based on its latest 2018Q1 regulatory filing with the SEC. Lazard Asset Management Llc sold 247,477 shares as the company … (…
Alibaba says it’s well-positioned in a US-China trade war
The U.S.-China trade war doesn’t seem to be hurting Alibaba’s bottom line for now. On Thursday, the e-commerce giant reported a strong quarter with revenue growth of 61%, sending the stock (BABA) up b… (…
The Finance 202: Trump escalates China trade fight, and it’s primed to get even nastier
The Trump administration is escalating its trade war with China today even as it restarts talks toward an armistice. Hopes remain low for negotiations that lower-level Trump officials kicked off Wedne… ( read original story…
China hits U.S. with new retaliatory tariffs
The trade war heats up as the U.S. and China impose new tit-for-tat tariffs. Yahoo Finance’s Dion Rabouin, Seana Smith, and Dan Roberts discuss along with Third Seven Advisors market strategist Michae… ( read original…
Chinese banking sector warned it faces day of reckoning as decade of easy money ends
A moment of truth is arriving for China’s vast banking industry after a decade of exuberance, a senior regulator warned on Thursday. With the US Federal Reserve on track for further monetary tightenin… ( read…
Beijing retaliates as new US tariffs kick in on $16 billion of Chinese goods
A new round of U.S. tariffs on $16 billion worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The latest trade…
China Tightens the Noose on 124 Offshore Cryptocurrency Exchanges
China’s government will take steps to further block access to more than 120 offshore cryptocurrency exchanges whose websites are still accessible on the mainland. Citing local financial news outlets, … ( read original story …)
Alibaba Escalates Attack on Meituan Ahead of Rival’s IPO
Those considering Meituan’s IPO will now have to weigh its prospects in a costly battle with China’s most valuable company. Ele.me had already broadcast plans to spend $443 million in the third quarte… ( read…
