lockdowns

Business

Asian shares fall as China protests, lockdowns cloud outlook

[ad_1] BANGKOK — Shares skidded in Asia on Monday, with Hong Kong briefly dipping more than 4% following weekend protests…

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Dallas

Crowd angered by lockdowns calls for China’s Xi to step down

[ad_1] Protests against China’s strict “zero-COVID” policies resurfaced in Shanghai and Beijing on Sunday afternoon, the latest in a series…

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Technology

Pinduoduo's net income has more than tripled in Q2 2022 and its shares have soared 43% over the past month, as it emerges as a big winner amid China's lockdowns (Jeanny Yu/Bloomberg)

[ad_1] Jeanny Yu / Bloomberg: Pinduoduo’s net income has more than tripled in Q2 2022 and its shares have soared…

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Technology

Apple's state-backed Chinese data center partner, Guizhou Cloud Big Data, says lockdowns have paralyzed the city of Guiyang, stopping workers from seeing family (Bloomberg)

[ad_1] Bloomberg: Apple’s state-backed Chinese data center partner, Guizhou Cloud Big Data, says lockdowns have paralyzed the city of Guiyang,…

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Business

China exports fall as demand slows and lockdowns hit manufacturing

[ad_1] China’s exports significantly missed expectations in August, with the country’s trade surplus shrinking as overseas demand flattened and a…

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Technology

Sources: amid lockdowns, Chinese staff and suppliers contributed more complex work to the iPhone 14 than to past models as Apple tries to cut its China reliance (Tripp Mickle/New York Times)

[ad_1] Tripp Mickle / New York Times: Sources: amid lockdowns, Chinese staff and suppliers contributed more complex work to the…

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Business

Oil slides 3% as China lockdowns stoke demand fears

[ad_1] Breadcrumb Trail Links PMN Business Author of the article: Reuters Arathy Somasekhar Article content HOUSTON — Oil prices tumbled…

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Technology

Baidu reports Q2 revenue dropped 5% YoY to ~$4.3B but net income reached ~$543M, beating estimates despite faltering Chinese consumer demand amid lockdowns (Zheping Huang/Bloomberg)

[ad_1] Zheping Huang / Bloomberg: Baidu reports Q2 revenue dropped 5% YoY to ~$4.3B but net income reached ~$543M, beating…

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Technology

Tencent misses with Q2 revenue down 3% YoY to ~$19.78B, its first-ever quarterly decline, due to China's COVID-19 lockdowns and strict gaming regulations (Arjun Kharpal/CNBC)

[ad_1] Arjun Kharpal / CNBC: Tencent misses with Q2 revenue down 3% YoY to ~$19.78B, its first-ever quarterly decline, due…

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Technology

Chinese chipmaker SMIC reports Q2 revenue rose 41.6% YoY to $1.9B vs. $1.89B est., but net profit fell 25% YoY to $514M, amid lockdowns and harsher US sanctions (South China Morning Post)

[ad_1] South China Morning Post: Chinese chipmaker SMIC reports Q2 revenue rose 41.6% YoY to $1.9B vs. $1.89B est., but…

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