Post Tagged with: "Tech leaders and founders"

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 […]

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 […]

Huawei?s chairman posts bullish new year address, citing record revenue growth in face of difficulties

Huawei?s chairman posts bullish new year address, citing record revenue growth in face of difficulties

Huawei Technologies, the world?s largest telecommunications equipment vendor, expects to record a bullish 21 per cent jump in revenue for 2018 to US$108.5 billion, despite a series of setbacks for its global 5G business as its gear comes under closer scrutiny from the US and western governments over security concerns. […]

Britain?s defence secretary echoes the US with ?grave, very deep concerns? about Huawei

Britain?s defence secretary echoes the US with ?grave, very deep concerns? about Huawei

The UK?s defence secretary, Gavin Williamson, said he has ?grave, very deep concerns? about using equipment from Chinese firm Huawei Technologies in Britain?s 5G infrastructure. Williamson said the UK would need to examine the possible security threats as it upgrades its mobile networks over the next two years, according to?The […]

Battered Apple poised to lead FAANGs in 2019, veteran analyst Gene Munster says

Battered Apple poised to lead FAANGs in 2019, veteran analyst Gene Munster says

Move over, Netflix: Apple will be the best performing FAANG stock in 2019, according to veteran analyst Gene Munster. Apple will be rewarded in the coming year as investors focus more on revenue and earnings growth rather than iPhone unit sales, said Loup Ventures? Munster, who has covered the company […]

Tencent joins Naspers in US$1 billion funding for Indian food delivery service Swiggy

Tencent joins Naspers in US$1 billion funding for Indian food delivery service Swiggy

Tencent Holdings joined Naspers in a US$1 billion investment in Indian food delivery service Swiggy, which gains a potentially valuable ally in China?s largest social media and gaming company. Naspers led the financing, which snagged new backers Hillhouse Capital and Wellington Management in addition to existing investors DST Global, Meituan […]

SoftBank IPO‘s weak debut is still a win for technology titan Masayoshi Son

SoftBank IPO‘s weak debut is still a win for technology titan Masayoshi Son

Masayoshi Son raised 2.65 trillion yen (US$23.6 billion) by pulling off the world?s second-largest initial public offering ever. Investors were not so lucky. SoftBank Corp., the Japanese telecommunications business of the billionaire?s technology empire, dropped 14.5 per cent to 1,282 yen at the close in Tokyo on Wednesday, hurt by […]

Tencent Music executive sued for fraud ahead of US$1.2 billion IPO

Tencent Music executive sued for fraud ahead of US$1.2 billion IPO

An executive of Tencent Music Entertainment Group, the music industry spin-off of China?s biggest social network operator Tencent Holdings, faces an accusation of defrauding and coercing an early investor to sell his equity stake, ahead of the company?s planned initial public offering on Wednesday in the US. Chinese investor Guo […]

Can Huawei?s founder Ren Zhengfei, who survived a famine, weather Donald Trump?

Can Huawei?s founder Ren Zhengfei, who survived a famine, weather Donald Trump?

At the sprawling Huawei Technologies campus in Shenzhen, the food court?s walls are emblazoned with quotes from the company?s billionaire founder and CEO Ren Zhengfei. Then there?s the research lab that resembles the White House in Washington. Perhaps the most curious thing, though, are three black swans paddling around a […]

Japan latest country to exclude Huawei, ZTE from 5G roll-out over security concerns

Japan latest country to exclude Huawei, ZTE from 5G roll-out over security concerns

Japan decided on Monday to effectively exclude Chinese telecommunication equipment giants Huawei Technologies and ZTE from public procurement, the government said, widening the list of countries that have pushed back against the Chinese technology companies on security issues. The decision comes amid concerns about security breaches that have already prompted […]