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 …)
Tagged By business
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 ……
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 ……
Johnson & Johnson Partner’s Stock Soars As Investors Embrace China Health, Tech
Johnson & Johnson has deep roots in China with an innovation footprint dating back nearly four decades,” Chief Science Officer Paul Stoffels said last year. ( read original story …)
Chinese Cosmetic Brands See Rally Despite Global Beauty Downturn
With consumers staying at home for months and social gatherings banned, the global cosmetics industry has been dealt a major blow by the coronavirus pandemic. ( read original story …)
Blockchain Will Lead Digital Globalization Says Wanxiang Rep
China Wanxiang Holdings Vice Chairman believes blockchain along with other high tech will lead a more globalized world … ( read original story …)
Week In Review: China Life Science Companies Raise Nearly $1 Billion Led By Legend’s $424 Million U.S. IPO
Legend Biotech priced its US IPO above the expected range at $23 per ADS, raising $424 million. Jacobio Pharma out-licensed rights for its two-molecule SHP2 pro … ( read original story …)
