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01.05.26 - 02:42
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CCP Moves To Tighten Oversight Of Gig Workers (ZeroHedge)
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CCP Moves To Tighten Oversight Of Gig Workers
Authored by Michael Zhuang via The Epoch Times (emphasis ours),
Beijing is moving to tighten its grip on tens of millions of gig workers—an increasingly vital but volatile segment of China's labor force—prompting warnings from analysts that the effort could deepen social tensions rather than contain them.
Delivery workers from Chinese shopping platform Meituan gather for a briefing before they start their shift near a mall in Beijing on Aug. 21, 2025. Wang Zhao/AFP via Getty Images
On April 26, China's top leadership bodies, the General Office of the Chinese Communist Party (CCP) and the State Council, released new guidelines via Chinese state media Xinhua News Agency, calling for stronger management of what the CCP describes as the country's “new employment groups.”
The directive, while only now made public, is dated Oct. 29 last year. It calls for increased adherence to Xi Jinping's political doctrine and urges workers to “listen to...
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01.05.26 - 00:06
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Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again (ZeroHedge)
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Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again
Ahead of today's AAPL earnings report, we've had a mixed picture from Mag 7 earnings so far: GOOGL soared to a record high, MSFT and AMZN both dropped (although they recovered much of their losses throughout the day) and META crashed, all on different reads of their capex. Which leaves AAPL to complete the picture of the big 5 megacaps (with NVDA set to report in a few weeks). As we previewed earlier, focus today will be on how soaring memory prices are impacting the company's profit margin, as well as hearing from new CEO John Ternus.
With that in mind, here is what the company just reported for its fiscal second quarter:
EPS $2.01 vs. $1.65 y/y, beating estimates of $1.96
Revenue $111.18 billion, +17% y/y, beating estimates of $109.66 billion
Products revenue $80.21 billion, +17% y/y, beating estimates of $79.26 billion
IPhone revenue $56.99 billion, +22% y/y, barely beati...
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30.04.26 - 17:16
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House investigating Airbnb over Chinese AI models (The Hill)
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House Republicans have launched an investigation into U.S. companies' use of Chinese-developed artificial intelligence, starting with a probe into Airbnb and Anysphere, the parent company of Cursor. In letters sent Thursday to the companies, the Republican chairs of the House Committee of Homeland Security and House Select Committee on China said their joint investigation is......
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30.04.26 - 14:03
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Corporate News: Diginex Limited (EQS)
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Diginex veröffentlicht Update zur strategischen KI-Transformation – der Übernahme von Resulticks im Wert von 1,5 Milliarden US-Dollar mit starkem EBITDA-Profil von 46 bis 50 Millionen US-Dollar sowie...
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30.04.26 - 12:30
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HKD1.5B Southbound Trading Net Inflow to SMIC (AAStocks)
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There was HKD1.5 billion, HKD1.1 billion and HKD703.9 million Southbound Trading net inflow to SMIC (00981.HK), XIAOMI-W (01810.HK) and CNOOC (00883.HK).There was HKD1.1 billion and HKD188.7 million Southbound Trading net outflow from TENCENT (00700.HK) and BABA-W (09988.HK).For Southbound Trading of Shanghai-Hong Kong Stock Con......
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30.04.26 - 11:42
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Manus Becomes Cautionary Tale As China Blocks Meta Deal (Bloomberg)
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The AI startup Manus, once a high-profile success story, is turning into a cautionary tale for Chinese entrepreneurs after Beijing authorities ordered Meta to unwind its $2 billion takeover of the company. Newley Purnell reports. (Source: Bloomberg)...
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30.04.26 - 11:03
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Baidu to Hold Annual General Meeting on June 5, 2026 (PR Newswire)
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BEIJING, April 30, 2026 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that it will hold its annual general meeting of shareholders (the "AGM")......
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30.04.26 - 10:15
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Full-day Takeaway: HSI Down 335 pts; HSTI Down 38 pts; XIAOMI Down over 3%; BABA Down over 3%; PETROCHINA, WEICHAI POWER, EVERG SERVICES, REPT BATTERO Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI dropped 335 pts or 1.3% to 25,776. HSTI dropped 38 pts or 0.8% to 4,871. HSCEI fell 123 pts or 1.4% to 8,681. Market turnover reached $291.55 billion.Active Heavyweights:XIAOMI (01810.HK) closed at $29.02, down 3.7%BABA (09988.HK) closed at $126, down 3.5%TENCENT (00700.HK) closed at $467.8, down 2.4%CCB (00939.HK)......
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30.04.26 - 06:15
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Midday Takeaway: HSI Down 322 pts; HSTI Down 48 pts; XIAOMI Down over 3%; BABA Down over 3%; TENCENT Down over 3%; BOC HONG KONG, PETROCHINA, WEICHAI POWER, TCL ELECTRONICS Hit New Highs (AAStocks)
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At midday close, HSI dropped 322 pts or 1.2% to 25,789. HSTI dropped 48 pts or 1.0% to 4,862. HSCEI fell 112 pts or 1.3% to 8,693.Active Heavyweights:XIAOMI (01810.HK) closed at $29.02, down 3.7%BABA (09988.HK) closed at $126.4, down 3.2%TENCENT (00700.HK) closed at $464.8, down 3%CCB (00939.HK) closed at $8.85, down 1.6%PING AN......
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