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...The top three executives at some of China’s leading state-backed brokerages, including CSC Financial, Citic, China International Capital Corporation (CICC), Huatai Securities and Guotai Junan Securities,...
...The company has taken other steps to diversify away from banking, launching a mobile phone e-SIM earlier this year which customers can use to get mobile data when they are travelling....
...[it] won’t be as easy as making EVs or mobile phones”, especially when the C919 is still heavily dependent on foreign suppliers, he added....
...by China’s Tencent in 2016....
...The US is pushing allies in Europe and Asia to tighten the restrictions, following the debut of an advanced chip by Chinese mobile phone maker Huawei and chipmaker Semiconductor Manufacturing International...
...The China Chamber of Commerce to the EU said enforcement agencies “authorised by the European Commission” had seized IT equipment and mobile phones, scrutinised documents and demanded access to “pertinent...
...Chinese companies have taken stakes in ports across Latin America, as well as building 5G mobile networks, major roads and bridges and space monitoring stations....
...Despite consumers increasingly opting for more expensive devices that they hope will last longer, Apple has experienced a slump in iPhone sales in China....
...Apple said it had removed Meta mobile communications applications WhatsApp and Threads from its online store in China under direction from the country’s internet regulator....
...Casino operators including Wynn Macau, MGM China and Sands China have reported triple-digit growth in their preferred earnings metrics in quarterly results released in recent weeks, buoyed by mass-market...
...The US and China are moving faster than Europe. The UK, in particular, is falling behind, with the worst download speeds in the group of G7 nations. Consolidation would help....
...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
...But the ambition of BYD goes far beyond cars — and China’s borders....
...Last week, Air China forecast a net loss of up to Rmb1.3bn for 2023, while China Southern Airlines said it expected to lose as much as Rmb4.7bn in the same period....
...It’s both in China and outside of China.”...
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...Separately, US President Joe Biden warned Beijing against meddling in the South China Sea, while the US, UK and Australia are considering expanding their security pact as a bulwark against China....
...Property developers in China typically sell homes before they are completed....
...The number of active subscribers to its mobile money service grew to 72.5mn as the company finalised a deal with Mastercard that valued the fintech arm at $5.2bn....
...Microsoft on Friday overtook its old rival Apple as the world’s most valuable public company, as Wall Street fretted about the outlook for iPhone sales in China....
...This is a hugely lucrative business, with mobile gamers spending more than $1.6bn per week globally, according to mobile analytics company Data.ai. Here, Tencent dominates....
...The merger failed to turn around the business and Kumar Birla, the billionaire head of Aditya Birla, stepped down as chair of Vodafone Idea in 2021, warning that the mobile operator was close to “an irretrievable...
...This could offer opportunities linked to shifting global supply chains and the “China Plus One” trend....
...While likely to provide some relief for consumers by lowering the input prices for new electric cars and mobile phones, the market downturn is causing pain for cobalt producers such as Glencore, which has...
...The chairmen of China Mobile, China Telecom and China Unicom all spoke on this trend at their annual earnings conferences, Nikkei Asia’s Kenji Kawase reports....
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