What happens when the biggest tech company in the world stops buying your products?Imagination Technologies is learning that lesson right now -- and it’s very painful.Apple told the British company it plans to stop licensing the firm’s technology in about two years. As soon as the news came out, Imagination shares plunged by as much as 72%. They’ve recovered slightly since.Imagination Technologies owns and licenses intellectual property that helps power the graphics on the screens of Apple’s iPhones, tablets, iPods, TVs and watches.Just over half of the company’s annual revenue comes directly ...
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Hyundai Motor and Kia Motors, South Korea’s top two automakers, saw car sales in the Chinese market cut in half last month, statistics showed.Auto sales in China by Hyundai and its affiliate Kia numbered 56,026 units and 16,006 units each in March, down 44.3 percent and 68 percent compared with a year earlier, according to industry data cited by Newsis local news agency.Combined sales in China of the two carmakers reached 72,032 vehicles in March, down 52.2 percent from a year ago. It marked the first time since February last year that the combined figure fell below the 100,000 level.Auto prod...
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China has announced the establishment of the Xiong’an New Area (XNA) in Hebei Province. XNA is another New Area of national significance after the Shenzhen Special Economic Zone (SSEZ) and the Shanghai Pudong New Area (SPNA), according to the State Council.Shenzhen Special Economic Zone (1980)Established in 1980, SSEZ was the first special economic zone in China. It has six administrative regions and covers an area of nearly 2,000 square km, with a population of over 11 million.SSEZ’s establishment was part of Deng Xiaoping’s drive to open up China to the rest of the world and consolidate Chin...
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China’s sky-high housing prices have become a major concern for university students as they plan their lives and careers. Many readily admit that unaffordable home prices cause them real anxiety."[I] agree that Beijing’s housing prices are straining young people’s creativity and quality of life. I have made up my mind that once I graduate, I will get out of Beijing," Wang Min, a student from Central University of Finance and Economics, told China Youth Daily.Wang is similar to many college students in big cities: Though he has great ambition and talent, he frets about unaffordable ho...
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Washington (CNN) President Donald Trump has declared he would be willing to go it alone to restrain North Korea’s nuclear weapons program should China fail to change the situation, saying if Beijing won’t help solve it, then "we will" alone."China will either decide to help us with North Korea or they won’t," Trump said in an interview published Sunday in the Financial Times. "If they do, that will be very good for China, and if they don’t, it won’t be good for anyone."Trump’s administration has repeatedly emphasized its high concern over the North Korean nuclear ...
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