Tag

Chinese Firms

All articles tagged with #chinese firms

international-relations2 years ago•1 min saved

Yellen emphasizes importance of 'healthy' US-China economic relations

US Treasury Secretary Janet Yellen emphasizes the importance of maintaining "healthy economic relations" between the US and China while urging Beijing to crack down on Chinese firms that supply defense equipment to Russia for its war in Ukraine. Yellen stated that the US does not seek to decouple its economy from China's but will take unilateral action against Chinese firms involved in such activities. The meeting between Yellen and Chinese Vice Premier He Lifeng took place ahead of talks between President Joe Biden and Chinese Premier Xi Jinping, as efforts to improve US-China relations continue.

via Al Jazeera English|

#chinese-firms #economic-cooperation #international-relations

technology2 years ago•2 min saved

Samsung Targets 20 Million Foldable Phone Sales Amidst Fierce Competition

Samsung aims to sell 20 million foldable phones in 2024, including the Galaxy Z Flip 6 and Galaxy Z Fold 6, as Chinese firms like Huawei, OnePlus, OPPO, Tecno, Vivo, and Xiaomi bring better-equipped or cheaper foldable phones to compete. Samsung is reportedly planning to launch thinner or better-equipped foldable phones next year and may make aspect ratio changes to the Galaxy Z Fold 6. Chinese firms have been pushing the envelope with their foldable phones, offering better screens, cameras, and batteries. Samsung needs to prepare for upcoming threats, including from Apple, which is planning to launch a foldable device in the future.

via SamMobile - Samsung news|

#apple #chinese-firms #competition

business3 years ago•4 min saved

Rise in Southeast Asian Firms Eyeing U.S. IPOs as China Peers Retreat

Several Southeast Asian companies, including Funding Societies, Gushcloud International, and Sunday, are considering listing in the United States for their initial public offerings (IPOs), taking advantage of strong investor appetite for emerging market growth in the absence of Chinese stock offerings. This follows recent plans by Vietnamese internet company VNG Corp and Philippine real estate company DoubleDragon Corp's Hotel101 Global to list in the U.S. Chinese firms have paused U.S. IPOs due to political tensions with Washington, increased scrutiny from Beijing, and a slowing Chinese economy. Southeast Asian firms are expected to raise between $300 million and $1 billion, with valuations ranging from $1.5 billion to $8 billion.

via Reuters|

#asean #business #chinese-firms