China Mobile Ltd
U.S. probing China Telecom, China Mobile over internet and cloud risks, Reuters reports citing sources
China Mobile billboard Peter Parks | AFP | Getty Images The Biden administration is investigating China Mobile, China Telecom and China Unicom over concerns the firms could exploit access to American data through their U.S. cloud and internet businesses by providing it to Beijing, three sources familiar with the matter said. Authorities at the Commerce […]
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China's livestream shopping is booming, fueling new tech such as avatars and AI
HAIAN, CHINA – NOVEMBER 7, 2023 – A crab farmer sells crabs via a live webcast at Xinhai village in Haian city, Jiangsu province, China, Nov 7, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Livestream shopping is taking off in China, driving development of new tech products […]
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This Chinese electric powered carmaker’s stock could rally by much more than 260%, Citi states
Citi claims BYD is 1 of its “major” acquire thoughts amongst Chinese stocks and expects shares in the automaker to soar by much more than 260% more than the subsequent 12 months. The Wall Street lender expects shares in the Warren Buffett-backed enterprise to hit 640 Hong Kong bucks ($81.50) from all-around 175 Hong Kong […]
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Musk claims Beijing will not want him to promote Starlink in China
Elon Musk explained to the FT that Beijing isn’t going to want him to provide his Starlink satellite web services in China. In this image, Musk speaks about Starlink at Cellular Planet Congress in June 2021. Nurphoto | Nurphoto | Getty Images BEIJING — Elon Musk advised the Fiscal Occasions the Chinese authorities will not […]
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China’s state-backed blockchain company is set to launch its first major international project
China’s Blockchain-based Service Network (BSN) is planning a major international expansion project in August. Yuichiro Chino | Moment | Getty Images China’s state-backed blockchain company is planning its first major international expansion, its CEO told CNBC, as Beijing continues to make the technology a key priority. Blockchain-based Service Network (BSN) bills itself as a “one-stop […]
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Tesla whale calls for $15 billion stock buyback after share price craters
Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time. James Glover II | Reuters Billionaire Leo Koguan, who claims to be the third largest individual shareholder of Tesla stock, is calling on the carmaker to announce a $15 billion stock buyback as the company’s share price continues […]
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China has been quietly building a blockchain platform. Here’s what we know
China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino | Moment | Getty Images Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology. In a speech in 2019, […]
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Asia is seeing a wave of buybacks. Goldman and Morgan Stanley say these companies could be next
Asia has seen a wave of stock buybacks, and bank analysts say it’s not stopping anytime soon. Chinese tech giant Alibaba said last week it will increase its share buyback program from $15 billion to $25 billion. Phone maker Xiaomi announced Tuesday a buyback of up to 10 billion Hong Kong dollars ($1.28 billion), while JD […]
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