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A price war in mainland China, the world’s largest smartphone market, has intensified amid widening discounts offered for iPhones by online marketplaces.
Mizuho Securities Co. Ltd. lifted its stake in JD.com, Inc. (NASDAQ:JD – Free Report) by 468.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,820 shares of the information services provider’s stock after purchasing an additional 1,500 shares during […]
Companies from Alibaba to Tencent have been slashing external investments amid an economic slowdown, regulatory headwinds and geopolitical tensions, according to data compiled by a Chinese consultancy.
The biggest drags on the MSCI benchmark since the end of September 2023 include Alibaba, Yum China and BYD, which have all been offering big discounts.
Huawei has secured JD.com as a partner to promote the use of HarmonyOS, as the home-grown software continues to gain ground as an alternative to Android and iOS in China.