Post Tagged with: "Big Tech"

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

The annual CES consumer electronics trade show in Las Vegas – the biggest technology and consumer electronics exhibition in the world, with around 175,000 expected attendees and 4,000 exhibitors – will kick off this week with about 20 per cent fewer Chinese merchants. Not a big surprise perhaps, given the […]

Huawei founder stresses trustworthiness as top priority in letter to employees

Huawei founder stresses trustworthiness as top priority in letter to employees

Huawei Technologies founder Ren Zhengfei has called for trustworthiness to be the top focus for the Chinese telecommunications equipment supplier as it battles to gain the confidence of governments and corporate clients worldwide to use its 5G products. “Today we find ourselves at the cusp of yet another great change. […]

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple has lowered its outlook for fiscal first-quarter revenue after an unexpected slowdown in demand from China and fewer upgrades to iPhone models. The announcement late on Wednesday sent Apple shares plunging. The company now expects revenue of about US$84 billion in the quarter ended December 29, chief executive Tim Cook […]

Huawei’s chairman posts bullish new year address, citing record revenue growth in face of difficulties

Huawei’s chairman posts bullish new year address, citing record revenue growth in face of difficulties

Huawei Technologies, the world’s largest telecommunications equipment vendor, expects to record a bullish 21 per cent jump in revenue for 2018 to US$108.5 billion, despite a series of setbacks for its global 5G business as its gear comes under closer scrutiny from the US and western governments over security concerns. […]

Foxconn said to begin assembling top-end Apple iPhones in India in 2019

Foxconn said to begin assembling top-end Apple iPhones in India in 2019

Apple will begin assembling its top-end iPhones in India through the local unit of Foxconn Technology Group as early as next year, the first time the world‘s largest contract electronics manufacturer will have made the product in the country, according to a source familiar with the matter. Taiwan-based Foxconn, formally known as Hon […]

JD.com restructures amid rising competition, slower growth and investor concerns

JD.com restructures amid rising competition, slower growth and investor concerns

China’s second largest e-commerce player, JD, has announced a restructuring of its main shopping site and the creation of an office of the chief executive to better serve its customer-centric strategy and allay investor concerns amid rapid changes in the country’s online shopping industry. The overhaul will divide JD Mall, the […]

White House said to mull new year executive order to bar Huawei, ZTE purchases

White House said to mull new year executive order to bar Huawei, ZTE purchases

President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar US companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters.  It would be the latest step by the Trump administration […]

Huawei dials up the charm as global pressure builds after arrest of CFO Meng Wanzhou

Huawei dials up the charm as global pressure builds after arrest of CFO Meng Wanzhou

Guided tours of some of its most sensitive facilities. A private sit-down for international media with its top executive. A heartfelt personal diary describing a devastating earthquake. In the weeks since the shock arrest of its chief financial officer, Huawei Technologies has almost become a different company. The detention of […]

Gaming stocks surge after official says China has resumed video game approvals after 9-month freeze

Gaming stocks surge after official says China has resumed video game approvals after 9-month freeze

The Chinese government has resumed approvals of video games after a nine month freeze, sending a much-needed message of hope to the world’s biggest gaming market. Feng Shixin, an official with the Chinese Communist Party’s propaganda department, said on Friday that the country’s new gaming regulator has finished reviewing an […]

Huawei lands more than 25 contracts for 5G, forecasts revenue to exceed US$100 billion

Huawei lands more than 25 contracts for 5G, forecasts revenue to exceed US$100 billion

Huawei Technologies, the world’s largest telecommunications equipment supplier, said it has secured more than 25 commercial contracts for 5G and gave an upbeat forecast of surpassing US$100 billion in revenue this year, despite the swirling legal drama surrounding its chief financial officer who was arrested in Canada and is currently […]