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Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
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Chinese Billionaire's Fortune Cut By Half As Company Stock Implodes: Report
JD.com lags behind competitors including Alibaba and PDD Holdings when it comes to attracting merchants and distributors that sell low-cost goods.
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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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Stocks Of China's Baidu At 11-Month High As It Announces ChatGPT-Style AI Bot
Chinese tech company Baidu Inc. said on Tuesday that internal testing of the ChatGPT-inspired project "Ernie Bot" would be finished in March.
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US To Place Over 30 Chinese Firms On Trade Blacklist: Report
Once a company is added to the entity list, its U.S. suppliers must seek a special license to ship even low-tech items to it.
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What Market Watchers Say About China Unrest And The Global Impact
Comments from market watchers on the China unrest after Chinese stocks slumped as recent monetary easing measures failed to offset investor worries.
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Sensex Rises Over 270 Points, Stalling A Three-Day Losing Streak
Stock Market India: Equity benchmarks rose on Tuesday, stalling a three-session losing streak buoyed by a recovery in Chinese shares.
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China Lashes Out Against New US Chip Export Rules Aimed at Hobbling Its Semiconductor Industry
China has lashed out at the newly announced US export controls that are aimed at making it difficult for the semiconductor industry in China to gain access to or manufacture advanced, high-performance computing chips and semiconductor manufacturing equipment. The US also announced license requirements for items that would be used in a supercomputer...
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
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Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling
Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.
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5 Major Chinese Firms To Delist From New York Stock Exchange
Five major Chinese companies including two of the country's largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday.
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How Will Crackdown On Chinese Phonemakers Benefit Indian Manufacturers
How will the ban on Chinese mobile phones impact Indian stock markets?
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Chip Manufacturer Stocks Fall Globally as Taiwan Tensions Mount Ahead of Expected Nancy Pelosi Visit
Chip manufacturer stocks fell in global markets on Tuesday, in a fresh escalation of tensions between the US and China, ahead of an expected visit by US House of Representatives Speaker Nancy Pelosi to Taiwan. Semiconductor stocks globally felt the heat, including TSMC, United Microelectronics, Infineon, Intel, Qualcomm, Micron, and Nvidia.
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Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
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Tesla's Stock Tumbling As Elon Acquires Twitter And India Says No To EVs Imported From China
The combination of Musk's acquisition of Twitter and India's unwillingness to allow imports of Chinese made Teslas have left investors worried.
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Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
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Chinese Billionaire's Fortune Cut By Half As Company Stock Implodes: Report
JD.com lags behind competitors including Alibaba and PDD Holdings when it comes to attracting merchants and distributors that sell low-cost goods.
-
Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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Stocks Of China's Baidu At 11-Month High As It Announces ChatGPT-Style AI Bot
Chinese tech company Baidu Inc. said on Tuesday that internal testing of the ChatGPT-inspired project "Ernie Bot" would be finished in March.
-
US To Place Over 30 Chinese Firms On Trade Blacklist: Report
Once a company is added to the entity list, its U.S. suppliers must seek a special license to ship even low-tech items to it.
-
What Market Watchers Say About China Unrest And The Global Impact
Comments from market watchers on the China unrest after Chinese stocks slumped as recent monetary easing measures failed to offset investor worries.
-
Sensex Rises Over 270 Points, Stalling A Three-Day Losing Streak
Stock Market India: Equity benchmarks rose on Tuesday, stalling a three-session losing streak buoyed by a recovery in Chinese shares.
-
China Lashes Out Against New US Chip Export Rules Aimed at Hobbling Its Semiconductor Industry
China has lashed out at the newly announced US export controls that are aimed at making it difficult for the semiconductor industry in China to gain access to or manufacture advanced, high-performance computing chips and semiconductor manufacturing equipment. The US also announced license requirements for items that would be used in a supercomputer...
-
Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
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Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling
Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.
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5 Major Chinese Firms To Delist From New York Stock Exchange
Five major Chinese companies including two of the country's largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday.
-
How Will Crackdown On Chinese Phonemakers Benefit Indian Manufacturers
How will the ban on Chinese mobile phones impact Indian stock markets?
-
Chip Manufacturer Stocks Fall Globally as Taiwan Tensions Mount Ahead of Expected Nancy Pelosi Visit
Chip manufacturer stocks fell in global markets on Tuesday, in a fresh escalation of tensions between the US and China, ahead of an expected visit by US House of Representatives Speaker Nancy Pelosi to Taiwan. Semiconductor stocks globally felt the heat, including TSMC, United Microelectronics, Infineon, Intel, Qualcomm, Micron, and Nvidia.
-
Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
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Tesla's Stock Tumbling As Elon Acquires Twitter And India Says No To EVs Imported From China
The combination of Musk's acquisition of Twitter and India's unwillingness to allow imports of Chinese made Teslas have left investors worried.
