Distributors increased orders for ultra-low-end Android smartphones from lesser-known China made smartphones like Unimax and Wiko to match the tight consumer budgets and limited spending power of the Americans after…
Tag: China
A record 70% of smartphones sold in the US in Q2 2020 are made in China – Canalys
This isn’t definitely good times for US-China trade relationships with the US government clamping down on several Chinese companies including tech giants Huawei, ZTE and of late, TikTok (ByteDance). Out…
China to Test Digital Yuan on Tencent-Backed Food Delivery Platform
China wants to trial its digital yuan on online food seller Meituan-Dianping, as well as another two Tencent-backed companies. The Beijing-based company has held talks with the research wing at…
China State Funds Start Selling in Warning Sign for Stock Rally
(Bloomberg) — China acted to cool the speculative frenzy in its $9.5 trillion stock market, ending a euphoric eight-day surge that had fueled worries of a new bubble in the…
VC Fund Backing Firms Worth $206 Billion Eyes China Startups
(Bloomberg) — David Chao, a venture capitalist who has been on the ground floor of Asian companies worth a combined $206 billion, has raised money for a new fund with…
Big Tech’s China Face-Off Presages an Exodus From Hong Kong
(Bloomberg) — Facebook Inc., Google and Twitter Inc. — all of which are blocked in the mainland — are now headed toward a showdown with China that could end up…
Venture Fund Backing Firms Worth $206 Billion Eyes China
(Bloomberg) — David Chao, a venture capitalist who has been on the ground floor of Asian companies worth a combined $206 billion, has raised money for a new fund with…
Big Tech’s China Face-Off Risks Sparking Exodus From Hong Kong
(Bloomberg) — Facebook Inc., Google and Twitter Inc. — all of which are blocked in the mainland — are now headed toward a showdown with China that could end up…