TuesdayFeb 20, 2024 11:00 am

Chinese Tech Firms Battle to Produce Advanced Chips Despite US Sanctions

Although the United States has spent the past few years limiting China’s access to American-made semiconductor chips, the East Asian nation seems to be producing advanced chips on its own. SMIC, the largest chipmaker in China, appears to be manufacturing advanced chips despite the U.S. sanctions. Last year, the United States issued chip sanctions that prevented American companies from exporting computer chips to China to keep the country’s fledgling artificial-intelligence sector from growing. The export restrictions imposed new rules on sales reporting for different types of advanced chips, controls for the sale of advanced design software and chipmaking equipment to…

Continue Reading

ThursdayFeb 15, 2024 10:18 am

Alibaba Adds $25B to Share Buyback Allocation

Alibaba Group Holding Ltd. (NYSE: BABA) has increased its share buyback allocation by $25 billion and secured early wins in its fight to attract merchants and buyers in the Chinese commerce arena. A recent quarterly earnings report from the holding company revealed that Alibaba’s marketplaces in China saw a surge in transacting merchants and buyers in the last three months of 2023. This increased economic activity increased Alibaba’s third-quarter revenue by 5% year-over-year. The Chinese holding company also announced that its cloud-computing business revenue increased by 3% year-over-year after Alibaba transitioned from project-based contracts with lower margins to cloud-computing contracts.…

Continue Reading

TuesdayFeb 13, 2024 10:00 am

Frustrated Chinese Investors Resort to Chinese US Social Media Account to Vent

Tens of thousands of frustrated Chinese investors are flocking to social media to vent about the country’s struggling stock market. China’s economy has seen significant volatility in the past few months and is currently experiencing a historic low. Exasperated people from China are turning to Chinese-language social media accounts to express their frustration and anger with China’s struggling stock market. A post about protecting wild giraffes in Africa by a Chinese language account held by the U.S. embassy in Beijing attracted thousands of stock-market-related comments. One user asked the U.S. government to help stock investors in China. Many more posts…

Continue Reading

ThursdayFeb 08, 2024 1:30 pm

China Looks Inward as US Restrictions on Nvidia Chips Tighten

American export restrictions are forcing artificial intelligence (“AI”) companies in China to find alternative microchip suppliers at home. Tensions between the United States and China have risen significantly in recent years as the two nations fight to be the world’s top economy. The escalating trade war has seen China and the U.S. sanction the export of key raw materials such as rare earth minerals and chips. With the nascent artificial intelligence sector going through major growth over the past couple of years, companies worldwide are racing to develop AI-based technologies. However, machine learning and AI technology require significant processing power.…

Continue Reading

MondaySep 19, 2022 10:30 am

FingerMotion Inc. (NASDAQ: FNGR) Benefitting From Recurring Revenue Streams from the Top-Up Business, Expands its Product Line

Martin Shen, FingerMotion’s CEO, acknowledged the solid and resilient performance of the company’s Top Up business, noting how the recurring revenue streams from it have created a solid foundation on which to expand its product line This expansion has seen the introduction of FingerMotion’s latest offering, a device protection insurance product for mobile phones. The company is looking to hit the milestone of one million devices under its protection plan by early 2023, and 20 million users within three years Mr. Shen has lauded the massive onset and adoption of 5G in China as a critical factor for this service’s…

Continue Reading

WednesdaySep 14, 2022 10:30 am

FingerMotion Inc. (NASDAQ: FNGR) Upgrades to Sapientus Analytics Division Hone in on Tech Tool Trends in China

FingerMotion is an Nasdaq-traded company making inroads among China’s huge tech-hungry population with mobile services and big data analytics for commercial operations FingerMotion recently announced upgrades to its Sapientus division, which is currently focused on providing the insurance industry with consumer analytics in an economy that is still developing standards far or evaluating risk ratings Amid the upgrades, Sapientus also secured a renewed agreement with global reinsurance company Pacific Life Re to provide risk-rating capabilities in China Much of FingerMotion’s success has been built on its successful partnering with telecommunications giants China Unicom and China Mobile An increasing number of…

Continue Reading

MondaySep 12, 2022 10:30 am

FingerMotion Inc. (NASDAQ: FNGR) Taking Advantage of 5G’s Proliferation in China to Grow Market Share

FingerMotion launched its mobile device protection service on July 15, 2022, banking on the transition to and the proliferation of 5G within the Chinese market With the Chinese government targeting over 2 million 5G base stations by the end of the 2022 calendar year, FingerMotion is counting on consumers’ switch from 3G and 4G phones to 5G to grow its new product and market share as a whole Martin Shen, FingerMotion’s CEO, is confident that this new direction by the company will not only sustain but also supersede the previous years’ performance, having posted a 12% gross margin growth in…

Continue Reading

FridaySep 09, 2022 9:45 am

Upgrades to Big Data Analysis Division Positions FingerMotion Inc. (NASDAQ: FNGR) for New Growth Era in China

U.S.-based communications technology services provider FingerMotion recently announced a number of milestones in its drive to make its Sapientus big data arm a powerful driver of analytics in China’s billion-strong consumer marketplace The company has recently focused development efforts on a ready-to-launch mobile device protection plan similar to AppleCare that the company expects to be competitive in China The announcement regarding Sapientus renews expectations that it will evolve beyond its core SMS and mobile top-up services, building on unique partnerships with China’s telecommunication giants and other global corporations The Sapientus updates include news that FingerMotion has reached a new agreement…

Continue Reading

WednesdaySep 07, 2022 9:00 am

FingerMotion Inc. (NASDAQ: FNGR) Benefitting From a First-Mover Advantage, and Relationships Forged in the Chinese Market

Martin Shen, FingerMotion’s CEO, noted the company’s shift in focus to pushing gross margins higher for the 2022 calendar year This has shaped the company’s initiatives that have seen the addition of the mobile device protection service for the Chinese market Since launching the service, FingerMotion has received $4 million in funding from Lind Global Fund II, LP, and is confident that this investment will yield the highest return, strengthen the company’s balance sheet, and enable it to experience transformational revenue growth over the next 12-24 months Mr. Shen has maintained that the current revenue is just “the tip of…

Continue Reading

MondayAug 22, 2022 9:45 am

$4M Investment Provides Capital Injection for FingerMotion Inc. (NASDAQ: FNGR) Mobile Device Protection Strategy in China

New York-based institutional fund manager The Lind Partners has reached an investment agreement with mobile device technology innovator FingerMotion Inc. to provide FingerMotion $4 million that will advance its initiatives FingerMotion is focused on varied initiatives for serving China’s massive mobile device user market, its top priority being the rollout of an AppleCare-similar device protection plan the company expects to be popular with users Company CEO Martin Shen has stated the protection plan service has the highest potential to yield returns on capital investment in the shortest amount of time China has more than 450 million 5G mobile phone users…

Continue Reading

Contact us: (512) 354-7000