Post Tagged with: "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 […]

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

US stocks suffered heavy losses on Thursday, a day after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company. The rare warning from Apple sent a shudder through markets and confirmed fears among investors that the world?s second-largest economy was […]

China?s loss-making Luckin Coffee start-up doubles down on subsidies to win customers from Starbucks

China?s loss-making Luckin Coffee start-up doubles down on subsidies to win customers from Starbucks

Luckin Coffee, the loss-making challenger to Starbucks, is doubling down on its store expansion and consumer subsidies this year, with plans to open about 2,500 new outlets in the world?s most populous nation. That would bring the Xiamen-based start-up?s total number of stores in the country to more than 4,500, […]

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 […]