The bank said daily transactions have fallen 12% despite widespread positivity that followed the network's update. ( read original story ...)
China Property Market Woes Spark Fears Of 2008-Style Global Recession Led By China Slump
Continued troubles in the real estate sector in China are scaring investors in Hong Kong and leading to talks of a potential China property-led global market rout. ( read original story ...)
Qualcomm confirms it is downsizing in China
Qualcomm plans to downsize its business in China amidst concerns over the economic situation and demand uncertainties, it emerged late last week. ( read original story ...)
Bitcoin gains legal recognition in Shanghai despite China’s crypto ban
Supporting this perspective, a Shanghai court recognized Bitcoin as virtual property in May 2022, thereby strengthening legal rights for cryptocurrency in China. Despite China's official stance ... ( read original story ...)
Nio Addresses ‘Market Speculations’ as Stock Falls
Chinese electric-vehicle maker Nio is clarifying that it has no capital raising activity to report, other than its recent senior note offering. The company issued the statement after it said it was ... ( read original story ...)
Stock market today: Asian world shares mostly lower after Wall St has its worst week in 6 months
Shares in Asia were mostly lower on Monday, with Tokyo the only major regional market to advance, after Wall Street wheezed to more losses with its worst week in six months. U.S. futures and oil ... ( read original story ...)
Qualcomm to downsize Shanghai R&D facility amid tech tensions and declining smartphone sales
Qualcomm (NASDAQ:QCOM), the American semiconductor giant, is set to reduce its workforce at its research and development (R&D) facility in Shanghai, China, as it navigates a challenging period marked ... ( read original story ...)