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VOICE ARCHIVE

Sofia Horta e Costa

@sofiahcbbg
8 posts
2023-04-23
US curbs. Biden aims to sign an executive order by mid-May to limit US investment in Chinese semis, AI and quantum computing. This will cover new targets by VCs, PE firms and JVs. Separately, Moscow is worried about its dependence on Chinese tech. 6/10 https://www.bloomberg.com/...
2023-04-23 View on X
Bloomberg

Sources: President Biden plans to sign an EO in the coming weeks limiting new investments by US businesses in China, focused on chips, AI, and quantum computing

Jenny Leonard / Bloomberg :

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2022-12-16
A breakthrough. US accounting inspectors say Chinese companies have given them complete access to audit documents. The news removes the acute threat of delisting for about 200 Chinese stocks trading in the US. 10/10 https://www.bloomberg.com/...
2022-12-16 View on X
Bloomberg

About 200 companies in China and Hong Kong, including Alibaba and JD.com, no longer face the threat of a US delisting after US inspectors reviewed their audits

Bloomberg : Tweets: @sofiahcbbg Tweets: Sofia Horta e Costa / @sofiahcbbg : A breakthrough. US accounting inspectors say Chinese companies have given them complete access to audit...

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2022-10-24
There are bad days in China's markets and then there are days like today. The worst stock losses since 2008 and all-time low for the offshore yuan. Foreigners sold a record $2.5b of mainland shares. A brutal rebuke of the weekend's news from Beijing. https://www.bloomberg.com/...
2022-10-24 View on X
Bloomberg

As President Xi Jinping consolidates his grip on China's ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+

US-listed Chinese stocks tumbled in premarket trading, with investors spooked by President Xi Jinping's tightening grip on China's ruling party …

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2022-07-18
Alibaba summoned. Remember that massive data hack a few weeks ago? Executives from Alibaba's cloud division were called into meetings with Shanghai authorities in connection the incident, the WSJ says. Private cloud providers come under scrutiny. 7/10 https://www.wsj.com/...
2022-07-18 View on X
Wall Street Journal

Researchers say Alibaba's cloud platform that hosted Shanghai's now-leaked police database used outdated systems that didn't offer the ability to set a password

Cybersecurity companies say Alibaba's cloud platform that hosted Shanghai's police database used outdated systems that didn't offer ability to set a password

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2022-05-21
Canada says Huawei and ZTE pose a threat to its national security, banning both telcos from 5G networks. Trudeau's government, which delayed the decision for more than three years, had arrested Huawei's CFO on a U.S. extradition request in 2018. 8/10 https://www.bloomberg.com/...
2022-05-21 View on X
Associated Press

Canada joins its intelligence allies in banning carriers from using Huawei and ZTE equipment for the country's 5G network, after a delay of over three years

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2022-05-20
Canada says Huawei and ZTE pose a threat to its national security, banning both telcos from 5G networks. Trudeau's government, which delayed the decision for more than three years, had arrested Huawei's CFO on a U.S. extradition request in 2018. 8/10 https://www.bloomberg.com/...
2022-05-20 View on X
Associated Press

Canada joins its intelligence allies in banning carriers from using Huawei and ZTE equipment for the country's 5G network, after a delay of over three years

TORONTO (AP) — Canadian Prime Minister Justin Trudeau's government has decided to ban China's Huawei Technologies from Canada's next-generation mobile networks.

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2022-05-18
Tencent's first quarter revenue grew 0%. Zero. https://www1.hkexnews.hk/...
2022-05-18 View on X
Financial Times

China's top economic official meets dozens of tech execs and industry experts, pledging “support” for Chinese tech companies amid a deepening economic slump

Beijing's top economic official holds meetings with executives and industry experts  —  China's top economic official met dozens …

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Tencent's first quarter revenue grew 0%. Zero. https://www1.hkexnews.hk/...
2022-05-18 View on X
Bloomberg

Tencent misses estimates with ~$20.1B in Q1 revenue, up 0% YoY, as net income dropped 51% YoY to ~$3.5B; Tencent has lost ~$500B in value since its 2021 peak

Zheping Huang / Bloomberg :

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