SEC adds 17 Chinese companies including Li Auto to its delisting watchlist
The U.S. Securities and Exchange Commission (SEC) added 17 Chinese companies including Li Auto, Zhihu, and Best Inc. to its delisting watchlist.
TikTok’s ad avenue will balloon to $11bn this year
TikTok’s worldwide ad revenue is predicted to triple to over $11 billion in 2022, according to Insider Intelligence, more than the $10.4 billion for Snapchat and Twitter combined.
Meta will invest $800 million to build a hyperscale data centre
Meta announced that it will invest $800 million (5.1 billion yuan) to build a hyperscale data centre in Temple, Texas. The data centre will be around 900,000 square feet in size and will support approximately 100 local jobs once completed.
Chinese patent applications in the European Patent Office hit a record high
According to the latest statistics released by the EPO on April 5, 16,665 patent applications from China were received in 2021, setting a new high in the number of Chinese patent applications at the EPO.
Elon Musk becomes Twitter’s largest shareholder
On April 4, Tesla Motor’s CEO Elon Musk disclosed a 9.2% stake in Twitter, worth nearly $3 billion (19 billion yuan), making him Twitter’s largest shareholder and triggering a rise of over 27% in the company’s shares.
Huawei Harmony OS users exceeds 300 million
According to the most recent data, the Huawei Mobile Services (HMS) have been downloaded more than 432 billion times globally, and Huawei Harmony OS users have exceeded 300 million.
Several Chinese companies facing delisting on the US stock exchange
SEC added Baidu, Futu Holdings, iQiyi, CASI(Beijing)Pharmaceuticals Technology Co., Ltd. and Nocera Inc. to a provisional list of companies that may be delisted from U.S. stock exchanges.
TSMC and Samsung urge the U.S. to open its $52 billion chip subsidy plan
TSMC and Samsung Electronics urged the U.S. to allow foreign companies to participate in the $52 billion subsidy plan.
Huawei responds to Russian company’s testing of the Harmony OS
Due to U.S. sanctions, Google has halted the certification of smartphones from a Russian telephone company, BQ, from running Android operating systems.
Removing additional tariffs on US-China trade may ease inflation
On March 24, the spokesperson of The Ministry of Commerce of China Shu Jueting, said that China expects the United States to cancel all additional tariffs imposed on China as soon as possible.
Microsoft announced its fifth Azure data centre in China
Microsoft announced the opening of its fifth Azure data centre in China. The new data centre located in North China’s Hebei Province, was officially put into operation on Thursday.
Charlie Munger believes investing in China can yield higher returns
On February 17, Charlie Munger, the 98-year-old vice chairman of Berkshire Hathaway, participated in the Daily Journal annual meeting to address several questions about why he increased his stake in Alibaba, how to judge the current economic environment in China