Business

The U.S. Department of Justice has finally hit out at Google. The U.S. Department of Justice and 11 states filed antitrust lawsuits against Google Inc. on Oct. 20, Reuters reported. The reason is Google’s illegal monopoly in search and search advertising. It is also the largest antitrust lawsuit in 20 …

On October 20, Hong Kong’s South China Morning Post cited sources familiar with the matter as saying that Hong Kong’s Cathay Pacific will lay off approximately 6,000 employees. This figure accounts for about 18% of its total workforce. At the same time, it is reported that Hong Kong Cathay Pacific …

According to IFR news, Ant Group’s Hong Kong IPO was approved by the China Securities Regulatory Commission and a listing hearing was held today. Earlier on October 17, according to multiple media reports, Ant Group was stepping up preparations for listing in Hong Kong and Shanghai. At the same time, …

Nihon Keizai Shimbun reported on October 16 that Japanese electronic component manufacturers have received a large number of stock orders from Chinese mobile phone manufacturers such as Xiaomi, OPPO, and Vivo. The loss of Huawei’s orders was filled. A person in charge of Japan Display Corporation (JDL) said that “a …

On October 14, Roger Dassen, CFO of ASML, a semiconductor giant and a global lithography machine leader, made a statement on the issue of exporting lithography machines to China. He said that ASML can export DUV (deep ultraviolet) lithography machines from the Netherlands to China without a US license. On …

According to an exclusive report by Reuters on October 15, two people familiar with the matter revealed that the US State Department has submitted a proposal to the Trump administration. It is required that Ant Group be included in a “trade blacklist” before it goes public. The report pointed out …

More than 500 of America’s large companies filed for bankruptcy, the highest level in a decade. On October 12th global market intelligence said 504 larger U.S. companies had filed for bankruptcy this year as a result of the new coronavirus outbreak. The number of bankruptcy filings in any comparable period …

“The base station chip self-sufficiency rate is almost zero, which is the most difficult problem for ZTE in the embargo incident. “In mid-2018, China Merchants Securities said helplessly. More than two years later, at the Achievements Exhibition of the 3rd Digital China Construction Summit on October 11, Li Hui, vice …

On October 11, Hon Hai Precision announced to the exchange that its subsidiary Foxconn Ventures sold 630,000 ADS (5.04 million ordinary shares) of Alibaba. The transaction date is October 8, and the transaction price per ADS is US$295.84, and the total transaction amount is US$18638 million. According to the announcement, …

According to a Reuters report on October 9, Orange Belgium, a branch of French telecom operator Orange, announced that they had chosen to use Nokia’s 5G technology in Belgium. The company said that they plan to use the existing infrastructure provided by Ericsson to establish a 5G network, while preparing …