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Google Inc , left China in 2010 when it got tired of the censorship demands of the Chinese government. The Information reports that Google is now planning to head back into China – this time Google wants to ride in with its Google Play app store. Part of the report that broke the news says,…
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McDonald’s Corporation ’s stellar run in China is facing increased competition from a start-up backed by Alibaba Group Holding Ltd . Meituan Waimai, which operates via a mobile app, has teamed up with thousands of outlets- both big and small – across China, offering diners access to many menus through one single app. As more and…
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Apple Inc. worries in China continue to grow. Despite Tim Cook’s assertion that the firm’s view on China hasn’t changed, the world’s biggest investors are changing their outlook on the world’s second biggest economy. Ray Dalio, the brain behind the world’s largest hedge fund, says his view on China has changed. There’s “now no safe…
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Alibaba Group Holding Ltd (NYSE:BABA) stock crashed right after the market opened on Tuesday morning as investors became more wary of the connection between the firm and the brewing stock market crisis in its home country, China. Shares in the firm were down by more than 4% at time of writing as more and more…
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Netflix Inc (NASDAQ:NFLX) shares opened significantly higher on this morning’s market after rumors that the company was planning a decisive move for the Chinese market were given weight. A Bloomberg report published on Friday morning suggested that the video streaming service was in talks with Alibaba Group Holdings Ltd (NASDAQ:BABA) in order to make a…
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Foxconn Technology (OTCMKTS:FXCOF) is raising the stakes in the Chinese smartphone as it brings refurbished iPhones come to market in a fashion that could spoil the party for Android phones. Foxconn is offering second-hand official iPhones through its e-commerce marketplace at lucrative rates, which look geared at ruining the chances of Android smartphones in the…
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The United States Treasury debt stands at $15.58 trillion, with over one-third of that debt held abroad. One country is clearly the United States’ biggest creditor – China, to whom the U.S. owes $1.16 trillion….
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Nvidia (NYSE: NVDA) which was anyway the best-performing S&P 500 stock in 2023 is up sharply in US premarket price action today and looks set to hit a new record high as markets give a thumbs up to its fiscal second quarter 2023 earnings. Wall Street analysts have also raised the stock’s target price after…
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Chinese EV company Xpeng Motors (NYSE: XPEV) which posted a record net loss of 2.8 billion yuan in Q2 2023 has said that its partnership with auto giant Volkswagen and continued cost cuts would help it narrow losses. While Xpeng Motors posted revenues in line with analysts’ estimates, its Q2 losses were wider than expected…
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Chinese EV company Xpeng Motors (NYSE: XPEV) which posted a record net loss of 2.8 billion yuan in Q2 2023 has said that its partnership with auto giant Volkswagen and continued cost cuts would help it narrow losses. While Xpeng Motors posted revenues in line with analysts’ estimates, its Q2 losses were wider than expected…
