Technology Stock
For decades, China has been accused by the United States and several of its allies of economic espionage and intellectual property (IP) theft. It was claimed that Chinese IP theft has cost the U.S. about US$225 billion to US$600 billion a year. Besides stealing IP, China was also accused of demanding technology transfers in exchange for market access. […]
... written on Jan 29 2025Hours after his inauguration on Monday (January 20) as the 47th President of the United States, Trump signed close to 100 executive orders. He orders the U.S. to quit the World Health Organization (WHO) as his most trusted lieutenant, Tesla and SpaceX boss Elon Musk, gave a one-armed gesture during a speech celebrating the crowning […]
... written on Jan 21 2025Stocks dropped almost 700 points on Friday (Jan 10, 2025) – effectively pushing all major benchmarks into the red for the New Year 2025. The Dow Jones Industrial Average (DJIA) lost 696.75 points or 1.63% to close at 41,938.45, whilst S&P 500 and NASDAQ lost 1.54% and 1.63% respectively. What caused the bloodbath? The short answer – […]
... written on Jan 12 2025Artificial Intelligence (AI) chip maker Nvidia has been minting tonnes of millionaires among its 30,000 employees. The nearly US$3 trillion company generated US$27 billion in revenue in its fiscal 2023. Then, something spectacular happened. Nvidia revenue for the 12 months ending July 31, 2024 skyrocketed to US$96.31 billion – a 194.69% increase year-over-year. The […]
... written on Sep 06 2024Even if you’re not a gamer, you would have heard of the international success of China’s first “Triple-A” game called “Black Myth: Wukong”, an action RPG developed by Chinese studio Game Science. It was so successful that it has sold a jaw-dropping 10 million copies in just 3 days – and made a cool US$600 […]
... written on Aug 27 2024Japan’s Nikkei lost a staggering 4,451 points on Monday (August 5) – the biggest drop in history. That’s more than 12%, dragging the country’s stock market losses to 25% since early July. The biggest one-day drop means the index is entering the bear market. It instantly brings back the memory of “Black Monday” in October 1987, […]
... written on Aug 06 2024Cybersecurity giant CrowdStrike was supposed to release a software update – a routine patch – to its “vulnerability scanner” Falcon Sensor on July 19, 2024. Instead, the American technology company unleashed digital chaos across the planet Earth. Within hours, flaws in the update caused Windows-based systems worldwide crashed, displaying the infamous BSOD – “blue screen of […]
... written on Jul 22 2024Unable to accept the reality that a Chinese company could develop a highly popular app called TikTok, the United States has been trying everything in its power to control it. ByteDance now has two options – either sell it to American owners, or get ready to be banned. The Senate voted 79 to 18 after […]
... written on Apr 24 2024Americans can make about 11 gigawatts of solar panels per year, up from 6.4 gigawatts in 2022. In comparison, one Chinese company alone – JinkoSolar – is able to produce 56 gigawatts at its solar panel factory in Shanxi province. China as a whole can make more than 400 gigawatts of new panels every year […]
... written on Apr 11 2024TikTok has about 170 million users in the United States, its biggest market outside of China. Its revenue was around US$20 billion last year. Founded in 2012 by entrepreneur Zhang Yiming, TikTok owner ByteDance reportedly had a private valuation of between US$105 billion and US$110 billion in May 2020, making it the most valuable start-up in […]
... written on Mar 15 2024