BEIJING — Chinese-run stock trading apps are riding a surge of global interest in day trading, as competition grows for Robinhood. Futu and Tiger Brokers, both listed in the U.S., launched a few years ago as apps allowing Chinese users to trade U.S. or Hong Kong stocks. Now both are forecasting hundreds of thousands of new users […] Read more
Huawei said Monday that U.S. sanctions on the company are partly to blame for the ongoing global chip shortage that’s the subject of a White House conference on Monday. Eric Xu, Huawei’s rotating chairman, said the sanctions imposed over the last two years on the Chinese tech company are, “hurting the global semiconductor industry” because they have […] Read more
The Commerce Department on Thursday added seven Chinese supercomputing entities to a U.S. economic blacklist citing national security concerns. The department added Tianjin Phytium Information Technology, Shanghai High-Performance Integrated Circuit Design Center, Sunway Microelectronics, the National Supercomputing Center Jinan, the National Supercomputing Center Shenzhen, the National Supercomputing Center Wuxi and the National Supercomputing... Read more
Singapore will next month accept visitors who use a mobile travel pass containing digital certificates for Covid-19 tests and vaccines, its aviation regulator said on Monday, becoming one of the first countries to adopt the initiative. Singapore will accept the International Air Transport Association (IATA) mobile travel pass for pre-departure checks, where travelers can get […] Read more
Chinese electric car company BYD is feeling the hit of rising battery material costs. Backed by U.S. billionaire Warren Buffett, the automaker announced late Monday that net profits attributable to shareholders in the first quarter will be between 200 million yuan ($30.4 million) and 300 million yuan. “Affected by the price fluctuation of upstream raw materials, the profit of […] Read more
GUANGZHOU, China — Xiaomi launched a slew of new smartphones on Monday, with one high-end device aimed at international markets as it looks to push into the premium segment and fill the void left by rival Huawei’s troubles. The devices are: Mi 11 Lite and Mi 11 Lite 5G Mi 11 Pro Mi 11 Ultra […] Read more
President Joe Biden on Friday said that Vladimir Putin of Russia and Xi Jinping of China are invited to the global leaders’ climate summit the administration is hosting in April. The president told reporters that he hasn’t directly invited Putin or Xi but said the leaders “know they’re invited” to the summit, an event the U.S. is […] Read more
The United States and Europe pledged deeper cooperation on countering China on Wednesday, with an agreement to start a formal US-European Union dialogue on the issue and a pledge by Nato to close ranks with “like-minded democracies” in the Asia-Pacific region. “We decided to continue meetings at the senior official and expert levels on topics […] Read more
BEIJING — China has recovered so rapidly from the coronavirus pandemic that authorities are pulling back support for the economy more quickly than they did following the 2008 financial crisis, according to Allianz. Back then, massive Chinese stimulus helped boost growth worldwide. This time, China’s focus on tackling problems at home will not provide the […] Read more
Colin Huang, the founder of fast-growing Chinese e-commerce giant Pinduoduo, has resigned as chairman. In a shock move, the company announced on Wednesday that Huang stepped down from the board of directors to explore future growth ideas. Pinduoduo listed on the technology-focused Nasdaq stock exchange in New York in July 2018, just three years after it was […] Read more
