-
"Everybody Is Fighting For Silicon Carbide Wafers" Says China State Fund Manager
Monday, October 9, 2023 - 6:19pm | 726Read More...In a report, Chinese-language business daily Caixin said that silicon carbide wafer manufacturers will be the biggest beneficiary of the increasing competition between China’s EV makers. The report quotes a Chinese investment manager who declined to be named as a result of his position....
-
Tesla Takes Legal Action Against Chinese News Outlet Over Report Of 'Sweatshop' Conditions At Shanghai Gigafactory: Global Times
Sunday, January 17, 2021 - 11:30am | 551Read More...Tesla Model Y Tesla Inc (NASDAQ: TSLA) is taking legal action againt a Chinese tech media outlet called PingWest that earlier reported of harsh working conditions and quality control problem at Tesla's Shanghai Gigafactory. What Happened: Tesla reportedly has sent an "indictment" and...
-
Huawei Reportedly Set To Halt Manufacturing Of Kirin Chipsets
Saturday, August 8, 2020 - 2:53pm | 322Read More...Huawei will stop making its Kirin Chipsets beginning next month, according to the Chinese financial magazine Caixin. What Happened: Amid mounting pressure from the U.S. government, the suppliers of Huawei’s HiSilicon Chip division have started to distance themselves...
-
Bitcoin Has A China Problem
Thursday, September 14, 2017 - 11:38am | 428Read More...Chinese regulators have shut down bitcoin exchanges, leaving the future of digital currencies in China up in the air and sending the price of bitcoin and ether tumbling. On Thursday, China Business News and 21st Century Economic Report both reported that regulators verbally instructed Chinese...
-
Jack Ma's Ant Financial Eyeing Stake In Business Magazine
Wednesday, March 2, 2016 - 10:06am | 153Read More...According to a report by Bloomberg, Alibaba Group Holding Ltd (NYSE: BABA)'s financial affiliate, Ant Financial, is eyeing a stake in Caixin, a China-based business magazine publisher. Ant Financial is owned by Alibaba founder Jack Ma, who recently acquired Hong Kong's South China...
-
Here's How Apple Pay Really Got Into China
Tuesday, February 23, 2016 - 11:16am | 197Read More...According to a report by Apple Insider, Apple Inc. (NASDAQ: AAPL) had to make some concessions for its mobile payment service, Apple Pay, to enter China. Apple Insider, citing a report from China-based media Caixin, noted that Apple slashed its payment processing fee per transaction to 0.07...
-
Launch Of Apple Pay In China Causes Service Issues
Monday, February 22, 2016 - 11:53am | 237Read More...Apple Inc. (NASDAQ: AAPL)'s launch of its mobile payment system, Apple Pay, in China appears to be off to a rough start. Related Link: Apple Pay Reportedly Enters China, And France Could Be Next According to China-based Caixin, many users had trouble setting up the new service which went...
-
Alibaba Investment Arm Will Enter The Steel Trading Business
Thursday, December 3, 2015 - 10:53am | 346Read More...An investment arm of Alibaba Group Holding Ltd (NYSE: BABA) inked a new partnership with a major state-backed metals trader to jointly invest in an e-commerce platform for steel products. Alibaba's Hangzhou Ali Venture Capital will invest 317 million yuan (approximately $49.5 million USD) in the e...
-
Stock Sloppiness Stretches To New Day...Will Buyers Or Sellers Prevail?
Wednesday, September 23, 2015 - 11:54am | 673Read More...U.S. stocks flash early signals for gains on Wednesday, defying what’s so far been sloppy two-directional trading in Europe and hefty declines across most Asian stock markets after more Chinese factory data revealed that growth engine is sputtering. Stocks fell Tuesday, tracking...
