Tag: Tech
Written by Linda D. MohlerMarch 13, 2022
Chinese Tech Shares Down, SEC Names First Firms to Face Audit Demands By Investing.com
Food & Cooking News Article
© Reuters By Gina Lee Investing.com – Chinese tech shares fell on Friday, alongside their U.S. counterparts, as fresh regulatory concerns added to an already volatile market. These concerns stem from the U.S. Securities and Exchange Commission (SEC)’s identification of five Chinese firms that could be subject to delisting if they failed to comply with
Written by Linda D. MohlerOctober 18, 2021
This Chinese Tech Giant Just Got a Big-Time Fine, So Why Is Its Stock Skyrocketing?
Food & Cooking News Article
Chinese stocks have sold off en masse since the Spring, but is now the time for aggressive investors to go bargain-hunting in the Middle Kingdom? One indication could be the recent case of Meituan (OTC:MPNGF), the largest food delivery company in China, with businesses in daily deals, hotel bookings, community e-commerce, restaurant software, and grocery
Written by Linda D. MohlerOctober 14, 2021
Chinese tech workers disclose working hours in criticism of ‘996’
Food & Cooking News Article
Yang Juan, an employee at Goopal Group, takes a nap in her seat after lunch, in Beijing, China, April 21, 2016. Office workers sleeping on the job is a common sight in China where workers often burn the midnight oil to meet deadlines and compete with their rivals. REUTERS/Jason Lee/File Photo SHANGHAI, Oct 14 (Reuters)
Written by Linda D. MohlerSeptember 28, 2021
Pandemic pushes Chinese tech giants to roll out more courier robots By Reuters
Food & Cooking News Article
8/8 © Reuters. A person inputs a code on a screen of an autonomous delivery vehicle by JD Logistics, the delivery arm of JD.com, as he tries to pick up goods, in Beijing, China September 22, 2021. Picture taken September 22, 2021. REUTERS/Tingshu Wang 2/8 BEIJING (Reuters) -More than a thousand robots are set to
Written by Linda D. MohlerAugust 25, 2021
Chinese tech jumps; India’s Sensex hits high
Food & Cooking News Article
SINGAPORE — Asia-Pacific stocks were mixed at the close on Wednesday, as optimism continued to drive U.S. stocks, with the S&P 500 and Nasdaq reaching record highs overnight. Meanwhile, India’s benchmark index hit a record high. Hong Kong’s Hang Seng index slipped 0.13% to close at 25,693.95, after jumping earlier. Chinese tech stocks listed in
Written by Linda D. MohlerJuly 6, 2021
Chinese Tech Giant Shares Plummet after Chinese Regulatory Crackdown
Food & Cooking News Article
The logo of Didi Chuxing on the wall of its headquarters in Beijing, China, May 18, 2016. (Kim Kyung-Hoon/Reuters) Tech titan Didi Chuxing’s stock shares plummeted more than 20% Tuesday after Chinese regulators ordered its app to be removed from the app store while it conducts a cybersecurity review of the company. Didi is in
Written by Linda D. MohlerMay 11, 2021
China tech giant’s shares slide over ancient poem
Food & Cooking News Article
Wang Xing, Founder and CEO of Meituan.com. Shares in Chinese food delivery giant Meituan have fallen sharply after its boss reportedly shared a 1,000-year-old poem on social media. The Book Burning Pit by Zhang Jie was posted, then deleted, by the firm’s billionaire chief executive, Wang Xing. The Tang dynasty poem was interpreted as a
Written by Linda D. MohlerApril 9, 2021
Chinese tech firms with ties to the military added to US blacklist
Food & Cooking News Article
Seven Chinese businesses with ties to the military were added to the so-called Entity List on Thursday in a move that restricts US firms from dealing with the companies. All seven of the listed companies, the Department said, operate in the field of supercomputing and have helped the Chinese government modernize its military or have
Written by Linda D. MohlerSeptember 18, 2020
VeChain to Supply Blockchain Tech for Chinese Food Safety Group That Includes McDonald’s
Food & Cooking News Article
The VeChain Foundation has become the first blockchain-based entity to join the China Animal Health and Food Safety Alliance (CAFA). According to a Thursday medium blog post, VeChain joins the 130 strong member group as its only public blockchain technology provider, and will further provide technical and infrastructural support for member firms. CAFA is a