SMIC shares sink, US ban worries cloud China’s hopes for chip self-sufficiency

This post was originally published on this siteHONG KONG/SHANGHAI (Reuters) – China’s biggest chipmaker SMIC (0981.HK) plunged a fifth on Monday in response to news of potential U.S.

Read More

UPDATE 2-SMIC shares sink, US ban worries cloud China’s hopes for chip self-sufficiency

This post was originally published on this site… * SMIC shares plunge nearly 21% in Hong Kong. * About $28 billion wiped off SMIC’s market value. * SMIC “could go under”

Read More

China reports 22 new coronavirus infections for Aug. 16, no new Xinjiang cases

This post was originally published on this siteSHANGHAI (Reuters) – China reported no new local coronavirus cases in the western region of Xinjiang on Aug. 16, according to national data,

Read More

Zoom to shift to ‘partner-only’ model in China, suspend direct sales

This post was originally published on this siteSHANGHAI (Reuters) – Zoom Video Communications (ZM.O) will shift to a partner-only model in mainland China from Aug. 23, suspending direct

Read More

China coronavirus cases ease on July 13, no new ones in Beijing

This post was originally published on this siteSHANGHAI (Reuters) – China reported on Tuesday five new coronavirus cases in the mainland for July 13, compared with eight cases a day

Read More

Alibaba extends its reach in China as coronavirus outbreak opens doors

This post was originally published on this siteSHANGHAI (Reuters) – Alibaba Group Holding Ltd (BABA.N) is emerging as one of China’s biggest corporate winners of the coronavirus

Read More

Shanghai Disneyland tickets sell out as park prepares to re-open

This post was originally published on this siteSHANGHAI, May 8 (Reuters) – Tickets for the earliest days of Shanghai Disneyland’s re-opening in China sold out rapidly on Friday,

Read More

Alibaba to invest $28 bln in cloud services after coronavirus boosted demand

This post was originally published on this siteBy Josh Horwitz. SHANGHAI, April 20 (Reuters) – Alibaba Group Holding Ltd BABA.N said it will invest 200 billion yuan ($28 billion) in its

Read More

China’s Hubei bans vehicle traffic to curb spread of coronavirus

This post was originally published on this siteSHANGHAI (Reuters) – The government of Hubei province, the center of China’s coronavirus outbreak, said on Sunday a ban will be imposed

Read More

China’s Huawei says has resumed production despite virus

This post was originally published on this siteSHANGHAI — Chinese telecom giant Huawei Technologies Co Ltd has resumed production of goods including consumer devices and carrier equipment

Read More