Tag Archives: China

Stocks gained on Monday as investors monitored upbeat economic data out of China and awaited key retail sales and earnings results out from major U.S. companies later this week.  The S&P 500, Dow and Nasdaq each opened higher. The Dow rose with shares of Boeing (BA) leading the way higher after the aircraft-maker’s head of commercial airplanes told Bloomberg he was “hopeful” that China would resume orders of the 737 Max soon following more than two years of grounding.  Stronger-than-expected… Source link

Paul Sakuma / AP The Yahoo logo is displayed outside of offices in Santa Clara, Calif., in this Monday, April 18, 2011, file photo. Thursday, Nov. 4, 2021 | 2 a.m. In an all-too-rare instance of positive news coming from Big Tech, Yahoo announced this week that it was pulling out of China. Citing the Chinese government’s sweeping regulatory crackdown on the tech, education, gaming and entertainment industries in recent months, Yahoo said it was shutting down access to its services… Source link

Yahoo is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and legal environment. Foreign technology firms have been pulling out or downsizing their operations in mainland China as a strict data privacy law specifying how companies collect and store data takes effect. Such companies have decided the regulatory uncertainty and reputational risks outweigh the advantages of staying in the huge market. Which foreign… Source link

After Nubank filed its F-1, Natasha Mascarenhas and Alex Wilhelm dissected the document to learn more about the operations of one of the world’s largest startups. “With over 40 million users across Brazil, as well as Mexico and Colombia,” the fintech company’s LTV/CAC ratio is central to its success, they found. Notably, as many as 90% of Nubank customers were acquired organically. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save… Source link

After Nubank filed its F-1, Natasha Mascarenhas and Alex Wilhelm dissected the document to learn more about the operations of one of the world’s largest startups. “With over 40 million users across Brazil, as well as Mexico and Colombia,” the fintech company’s LTV/CAC ratio is central to its success, they found. Notably, as many as 90% of Nubank customers were acquired organically. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save 20% off a one- or… Source link

...WINTER WEATHER ADVISORY REMAINS IN EFFECT UNTIL 11 AM EDT WEDNESDAY... * WHAT...Lake effect snow expected. Total snow accumulations of 1 to 2 inches in most valley locations with up to 3 inches across the higher terrain. * WHERE...Warren and McKean Counties. Highest amounts near and to the north of Route 6. * WHEN...Overnight to 11 AM EDT Wednesday. * IMPACTS...Plan on slippery road conditions. The hazardous conditions could impact the Wednesday morning... Source link

A Yahoo logo is pictured in front of a building in Rolle, Switzerland December 12, 2012. REUTERS/Denis Balibouse SHANGHAI, Nov 2 (Reuters) – Yahoo said it had stopped allowing its services to be accessible from mainland China “in recognition of the increasingly challenging business and legal environment”, the second Western tech brand to quit the country in recent weeks. The company stopped providing content for users in mainland China as of Nov. 1, according to a statement published on its… Source link

by Jing Xuan Teng US internet services company Yahoo said on Tuesday it has pulled out of mainland China, becoming the latest tech firm to withdraw as a crackdown by Beijing on the industry gathers pace. The move comes just days after American gaming giant Epic said it will shut its popular game “Fortnite” following the imposition of strict curbs on the world’s biggest gaming market. Yahoo. Photo: Pixabay. Beijing has embarked on a wide-ranging regulatory clampdown on a… Source link

WATCH 1:44 | Nov 02, 2021, 11:32am EDT Yahoo is the second U.S. tech giant in weeks to pull out of China, symbolically ending its services in the world’s second-biggest economy after years of winding down because of an “increasingly challenging business and legal environment.” Source link

HONG KONG (AP) — Yahoo Inc. said Tuesday it has pulled out of China, citing an increasingly challenging operating environment. The withdrawal was largely symbolic, as many of the company’s services were already blocked by China’s digital censorship. But recent government moves to expand its control over tech companies generally, including its domestic giants, may have tipped the scales for Yahoo. “In recognition of the increasingly challenging business and legal environment in China,… Source link