Apple China is back in the reckoning; Walmart announces brave expansion plan and Alibaba gives the YunOS a renewed push.
This week, trading on the Shanghai Stock Exchange exceeded RMB 1 trillion causing a major software glitch; China’s factory activity slowed (again); and Visa and MasterCard finally got a level playing field.
This week, new data on the Chinese economy painted a bleak picture; the Shanghai Composite Index surged (again); and a Chinese company bought Segway.
This week, mainland investors pushed the Hang Seng Index to a seven-year high; Alibaba’s Ant Financial launched a Big Data-based stock index; and Cloud Live Technology teetered close to a default.
The first quarter Chinese GDP growth may fall below the 7% target and the US has softened its stance on the Asian Infrastructure Investment Bank.
This week, the China-backed Asian Infrastructure Investment Bank initiative won more support; fluctuations in the value of the RMB caused concerns; and Tencent revealed its smart-car ambitions.
This week saw the end of Yahoo China, the Shanghai Composite Index peaked, and Uber found an unlikely partner in the Warren Buffet-backed BYD.
This week, various economic indicators released on the Chinese economy showed slower growth and Alibaba invested in Snapchat
This week, Premier Li Keqiang lowered the China GDP growth target to 7% from 7.5% last year; US President Barack Obama voiced concerns over China’s proposed anti-terrorism law because of its likely impact on US technology companies; and Xiaomi entered GoPro territory.
This week, Qualcomm got a rap on its knuckles and a $975 million fine; Alibaba invested in smartphone brand Meizu; and the Chinese imports figure plunged. Bad Data The most recent indicators of the Chinese economy don’t look good. Imports fell sharply by 20% in January from a year earlier, the biggest drop since May […]