Bloomberg Technology
Tencent Warns of More China Curbs After Growth Sputters
Aug.18 — Tencent Holding Ltd.’s revenue increased at its slowest pace since 2019 after China’s expanding tech crackdown hit its mobile gaming empire. And the company, which also operates social media platform WeChat, warned investors to brace for more regulatory curbs. Stephen Engle reports on “Bloomberg Daybreak: Australia.”
Bloomberg Technology
Intel Rebuffs Arm, China Tech Stocks Soar | Bloomberg Technology
Bloomberg’s Caroline Hyde and Ed Ludlow break down Arm’s interest in Intel’s product division, only to have Intel turn down Arm’s advances, and China stocks in the US are set for their best week since 2022. Plus, “money is green” when it comes to database and nuclear build out according to US Energy Secretary Granholm,…
Bloomberg Technology
Apple’s iPhone 16 Receives a Lackluster Reception
Apple shares continue to outperform and avoid volatility despite growing concern around iPhone sales growth. Bloomberg Intelligence senior analyst Anurag Rana discusses a recent Bloomberg Intelligence survey showing that the iPhone 16 did not excite consumers enough to warrant a smartphone super cycle. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.” ——– Like…
Bloomberg Technology
China Stocks Set for Best Week Since 2022
Chinese equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai stock exchange, underscoring a shift in investor sentiment after Beijing ramped up its economic stimulus. That shift was felt in Chinese stocks in the US as well, where they’re set for their best week since 2022. Fiona…
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Godspeedmax
August 19, 2021 at 12:39 am
China wants to make sure what has happened in the US doesn’t happens there. They don’t want companies being more powerful than the govt. especially not partisan corporate virtue signaling