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Apple, Tesla Struggle As China's Business Environment Becomes Increasingly Hostile For US Tech Giants Amid Xi Jinping's Nationalist Policy Push
Tuesday, March 12, 2024 - 5:00am | 644Read More...The once-promising Chinese market is proving to be a tough nut to crack for American tech giants, with Apple Inc. (NASDAQ:AAPL) and Tesla Inc. (NASDAQ:TSLA) facing significant challenges. What Happened: The Chinese government’s shift towards nationalism and the rise of domestic alternatives...
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Some Hong Kong Stocks Are Soaring Again On Chinese Whispers About A Profitable Bailout
Wednesday, October 11, 2023 - 1:47pm | 693Read More...Talk in China Wednesday turned to how much of the country’s multi-billion warchest the government is about to use to stimulate its flagging economy. Rumors of a Chinese government stimulus have been buoying investors lately in Hong Kong as stocks remain some of the cheapest they have been in...
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China Dropped Apple And Cisco From State Purchase Lists: Here's What It Means
Thursday, February 26, 2015 - 9:43am | 156Read More...In a report published Thursday, JP Morgan analyst Rod Hall commented on the Chinese government's recent decision to drop some of the world's leading technology brands including Apple Inc. (NASDAQ: AAPL) and Cisco Systems, Inc. (NASDAQ: CSCO) from its approved state purchase lists. Hall...
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Chinese Banks To Remove IBM Servers On Security Claims
Tuesday, May 27, 2014 - 12:40pm | 248Read More...Shares of International Business Machines (NYSE: IBM) trend lower following Bloomberg's report that the Chinese government is reviewing whether banks reliance on the company's servers compromise the “nation's financial security.” Bloomberg News wrote, “Government agencies, including the People's...
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Is This Facebook's Plan for Growth?
Wednesday, January 29, 2014 - 5:09pm | 569Read More...As Wall Street anxiously awaited Facebook (NASDAQ: FB)’s earnings report Wednesday afternoon, investors speculated where (or if) the massive social network would see growth next. Although it seems somewhat counter-intuitive, since Facebook is still (mostly) banned in China, some believe that...
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Microsoft to Take Over Skype Operations in China November 24
Friday, November 8, 2013 - 3:00pm | 517Read More...The Chinese language version of Techweb (complete with a not-so-subtle graphic depicting Skype’s emergence as the new sheriff in town) noted Friday that Chinese mobile Internet company TOM Online will turn Skype operations in mainland China over to Microsoft (NASDAQ: MSFT) November 24. The Next...
