A rare and mysterious “rainbow cloud” stuns the internet

A rare and mysterious “rainbow cloud” stuns the internet

It felt like a portal to a whimsical parallel universe. The internet has been shocked by a “rainbow cloud” that has emerged over a city in China as an interdimensional phenomenon. A clip of the weather anomaly has amassed more than 28 million views with onlookers wondering what could have been the cause, Jam Press … Read more

Hong Kong typhoon rips internet shorts to shreds as Alibaba and JD.com rise

Hong Kong typhoon rips internet shorts to shreds as Alibaba and JD.com rise

China last night CraneShares New keys Asian stocks had a good day, with Hong Kong having a fantastic day despite the morning session from 9:30 a.m. to 12 p.m. followed by an hour-long lunch break before the start of afternoon trading at 1 p.m. , canceled due to a typhoon. Hong Kong-listed internet stocks soared, … Read more

China’s internet giants face a new era of strict surveillance and low growth

China’s internet giants face a new era of strict surveillance and low growth

Pony Ma, co-founder of Tencent (Photo by Xaume Olleros/Bloomberg) © 2016 Bloomberg Finance L.P. Alibaba and Tencent, the twin stalwarts of China’s once-booming internet industry, have long had a reputation for posting eye-popping growth numbers and creating new billionaires, but not anymore. Both companies are now grappling with the harsh reality that any growth will … Read more

Musk is the first foreigner to write for China’s top internet surveillance magazine: Report

Musk is the first foreigner to write for China’s top internet surveillance magazine: Report

Tesla CEO Elon Musk has become the first foreigner to write an article for the official magazine of the Cyberspace Administration of China, the country’s top internet watchdog. According to the South China Morning Post, Musk’s article, “Believe in technology, create a better future,” was published in the latest edition of … Read more

Reports, Telecom News, ET Telecom

Reports, Telecom News, ET Telecom

London: As soon as the United Kingdom decided to ban Chinatelecommunication Huaweifrom its 5G telecommunications networks, the debate over the security threat of Chinese equipment has once again intensified in the mainstream. Recently, the British government replaced security equipment provided by Chinese technology companies in the offices of key government officials. It comes after MPs … Read more

Alibaba beats as Hong Kong’s internet rebounds and defense stocks tumble

Alibaba beats as Hong Kong’s internet rebounds and defense stocks tumble

China last night CraneShares Overview of Alibaba Q2 results Alibaba beat the big three numbers investors and analysts care about: revenue, adjusted net income and adjusted EPS. YES, year after year these numbers are down by percentage, BUT we knew it! The Zero covid/lives first policy had a significant effect on consumption in China, as … Read more

Hong Kong Internet High ahead of Alibaba results as Caixin services PMI beats expectations

Hong Kong Internet High ahead of Alibaba results as Caixin services PMI beats expectations

China last night CraneShares New keys Asian equities had a positive day on light summer volumes, with the exception of mainland China. Pelosi’s visit to Taiwan did not trigger World War III as some had feared. Aircraft tracking website FlightAware noted that Pelosi’s flight was the most-watched plane landing ever on their website and app. … Read more

Apple (AAPL) Q3 2022 results

Apple (AAPL) Q3 2022 results

Apple reported fiscal third quarter results Thursday beat Wall Street expectations for sales and earnings, but showed slowing growth for the iPhone maker. Apple stock rose more than 3% in extended trading. Here are the key numbers compared to what Wall Street expected, according to Refinitiv estimates: EPS: $1.20 vs. $1.16 estimated, down 8% year-over-year … Read more

China’s Competitiveness and Chip Bill Passes the House and Goes to Biden

China’s Competitiveness and Chip Bill Passes the House and Goes to Biden

US President Joe Biden reacts to a memo handed to him saying the CHIPS-plus bill has passed the House during a meeting with CEOs on the economy in the Eisenhower’s South Court Auditorium Executive Office Building, next to the White House, in Washington, DC on July 28, 2022. Mandel Ngan | AFP | Getty Images … Read more

Apple Q3 2022 Earnings Preview: Macro Concerns Dominate

Apple Q3 2022 Earnings Preview: Macro Concerns Dominate

Apple Inc. CEO Tim Cook speaks during the Apple Worldwide Developers Conference at the Apple Park campus in Cupertino, California, U.S., Monday, June 6, 2022. David Paul Morris | Bloomberg | Getty Images Apple publishes Thursday its results for the quarter ended in June. Apple’s fiscal third quarter is typically the company’s smallest in terms … Read more