Chinese e-commerce giant Alibaba has lost $20 billion in market capitalization after it became known that this company will no longer spin-off and list its cloud computing business as a separate functional unit.
Leading manufacturers of equipment used in making microcircuits have recorded a sharp increase in the share of revenue they receive in the Chinese market.
Huawei Technologies Co. and Xiaomi Corp. have activated the Chinese mobile phone market, which showed double-digit growth in October.
Meta Platforms Inc. has approached the conclusion of a deal that will provide this technology giant with the opportunity to supply a mixed-reality headset to the Chinese market.
The largest Chinese manufacturer of chips SMIC last Thursday, November 9, reported that at the end of the third quarter of this year, its profit indicator showed a significant drop.
The media reported that Nvidia Corporation plans to release three new artificial intelligence chips developed specifically for the Chinese market.
Travellers with Ant Group’s Alipay+ partner e-wallets from China, Hong Kong, Philippines, Mongolia, Macau, Japan, South Korea and Thailand can now make QR payments at over 1.8 million PayNet’s DuitNow touchpoints across Malaysia
Media reports that a Chinese startup 01.AI achieved unicorn status less than eight months after launch.
Currently, China, which is the second economy in the world, is making active efforts to attract foreign investment and is striving to ensure that companies from other countries do business in this Asian state.
China intends to make a breakthrough in the science fiction industry by creating humanoid robots.
At the end of October, a decrease in the level of production activity was recorded in China.
HSBC on Monday, October 30, announced that the Chinese real estate market has the potential for further deterioration of the situation.
According to the results of the last quarter, the profit indicator of Huawei Technologies Co. showed more than a twofold increase.
Morris Chang, founder of Taiwan Semiconductor Manufacturing Co, one of the world’s largest chip fabricators, said that the current tension in relations between China and the United States is a factor negatively affecting the state of affairs in the sphere of global production of microcircuits, slowing down the processes in this industry.
Burn J. Lin, former vice president of Taiwan Semiconductor Manufacturing Co., said that, in his opinion, the United States will not be able to stop the development of Chinese companies, including Semiconductor Manufacturing International Corp. and Huawei Technologies Co., in the sphere of chip production.
The media reports that Apple CEO Tim Cook visited China, one of the largest markets for the company’s products and an important manufacturing center, as part of an unannounced trip.
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