Investors have largely shrugged off the escalating tensions between the U.S. and China. They shouldn’t. Watch for these risks and opportunities. ( read original story …)
Tagged By technology
China Market Update: July Industrial Production Reaffirms V-Shaped Recovery, Baidu & IQ Report Q2 Earnings, Week In Review
Tencent Music Entertainment TME (TME US) reported strong results that were above analyst expectations for Q2 on Tuesday. Revenues increased +17.5% to $981mm (RMB 6.93B) versus estimate RMB 6.871B as … ( read original story…
Why China Unicom Stock Soared Today
Shares of China Unicom have soared today, up by 19% as of 12:15 p.m. EDT, after the company reported financial results for the first half of 2020. Its performance w … ( read original story…
China expands digital yuan trials to Beijing and neighboring provinces
China’s Commerce Ministry announced today that it will expand the trials of the nation’s central bank digital currency (CBDC) to include Beijing, as well as Tianjin and Hebei provinces. According to … ( read original…
China to Expand Testing of a Digital Currency
China said it would expand a pilot program for its digital currency to include a number of large cities, advancing a pioneering initiative by a major central bank to launch an electronic payment … (…
Top iPhone Assembler Foxconn Expects To Move Further Away From China
Foxconn Technology Group, Apple’s main iPhone assembler, plans to split its manufacturing capacity between China and other countries. ( read original story …)
Trump’s Tech War with China Could Cost Apple Dearly
Please consider Apple’s $44 Billion China Market Threatened by Trump WeChat Ban Apple Inc. spent years building China into a $44 billion growth driver. Then the U.S. president last week cast all that … (…
China Market Update: Netease And JOYY Inc Deliver Strong Q2 Results, Offshore RMB Appreciated Versus USD Over The Past Three Months Despite Tensions
Asian equities were largely higher overnight with the Hang Seng posted a small loss. Hong Kong volume leader Tencent -2.02% succumbed to profit taking after posting great Q2 results highlighted by … ( read original…
The Cybersecurity 202: The TikTok ban is just a proxy battle in the U.S.-China tech war
Does President Trump’s plan to ban TikTok over national security concerns seem a little over the top for an app where teenagers share silly dance videos? Think about it as a proxy battle in an…
iPhone: China Will Remain A Problem Until 2021
Not only is the smartphone market weak in China, Apple has been facing tough competitive challenges. The light at the end of the tunnel may be the upcoming 5G version of the iPhone. ( read…
China Mobile Revenue Rises as Pandemic Boosts Services Demand
China Mobile Ltd.’s revenue rose in the first half as the coronavirus pandemic prompted industries to accelerate steps toward digitalization, boosting demand at the country’s biggest phone company. ( read original story …)
China Mobile’s First-Half Net Profit Slipped 0.5%
China Mobile Ltd.’s net-profit in the first half of the year slipped 0.5%, as weaker margins offset a slight increase in operating revenue. The telecom operator posted a net profit of 55.77 billion … (…
Hong Kong’s Hang Seng Index fluctuates as traders brace for China data and assess economic outlook
US ties, downplayed the impact of the order by President Donald Trump to ban business transactions with its WeChat app, saying only 2 per cent of revenues were derived from the US. ( read original…
