Apple supplier Foxconn Technology Group expects its full-year revenue to suffer from the disruption to China-based manufacturing by the coronavirus epidemic, reported the Financial Times. The warning from the world’s largest electronics contract manufacturer is the clearest indication yet of the scale of the outbreak’s impact on the global technology supply chain. “As we are moving […]
Category: Health Care
Taobao Live, a livestreaming arm of e-commerce giant Alibaba, grew dramatically in February, as a result of many Chinese bricks-and-mortar businesses trying to digitize their marketing and sales activities in order to make up for losses caused by the Covid-19 epidemic, reported Caixin. As of Tuesday, the number of live broadcast rooms and livestreaming events on Taobao […]
The US government expects China to honor its commitments to buy more US goods under a trade deal signed by the world’s two largest economies in January despite the fast-spreading coronavirus outbreak, a senior US official said on Thursday, reported Reuters. The US Treasury official said it was too soon to make accurate forecasts for the […]
Coronavirus has caused a decline in life insurance business for Chinese insurer Ping An but a tenfold increase in registrations for its online health consultation service, reported the Financial Times. The warning from one of the world’s largest insurers by assets and the second-largest shareholder in HSBC Bank bodes poorly for the performance of China’s life insurance industry this year. […]
Airlines in the Asia-Pacific region stand to lose $27.8 billion of revenue this year as they slash flights due to declining demand as a result of the coronavirus, according to a preliminary estimate from an industry body, reported Reuters. The bulk of the losses will be borne by Chinese carriers, including a $12.8 billion hit to […]