Sherisse Pham, CNN Business, Author at newswatchplus.ph

Huawei overtakes Samsung in smartphone sales for the first time ever, report says. But it might not last long

Sherisse Pham, CNN Business — Thu, 30 Jul 2020 13:33:02 +0000

(CNN) — Huawei became the world’s top smartphone seller last quarter, overtaking Samsung for the first time ever, according to an independent market research report released Thursday. The Chinese tech company shipped 55.8 million phones in the three months ended in June, surpassing longtime rival Samsung, which shipped 53.7 million, according to the Canalys report.

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Fugaku, the world’s fastest computer, is researching the spread of Covid-19

Sherisse Pham, CNN Business — Tue, 23 Jun 2020 19:30:00 +0000

(CNN) — For the first time in years, Japan has the fastest supercomputer in the world and it’s being used to research the spread and treatment of the novel coronavirus. Fugaku, which was developed by Fujitsu and government research institute Riken, ranked first in the Top500 list of global supercomputers, Fujitsu and Riken announced on Tuesday. It

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Hong Kong takes stake in Cathay Pacific as part of $5 billion bailout

Sherisse Pham, CNN Business — Tue, 09 Jun 2020 16:08:11 +0000

(CNN) — The Hong Kong government has agreed to lead a $5 billion bailout of Cathay Pacific, taking a minority stake in the city’s beleagured flagship carrier. Cathay and parent company Swire Pacific announced plans to raise 39 billion Hong Kong dollars ($5 billion) in new capital on Tuesday to help the airline survive the

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JD.com becomes the latest Chinese company to turn to Hong Kong with $4 billion listing

Sherisse Pham, CNN Business — Mon, 08 Jun 2020 15:02:27 +0000

(CNN) — JD.com is planning a secondary listing for its shares on Hong Kong’s stock market — the latest example of how the city is becoming a fallback for Chinese companies fearful of possible regulatory trouble in the United States. The Chinese e-commerce and tech company said in a filing to the US Securities and

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Google removes app that claimed to detect Chinese apps on Indian phones

Sherisse Pham, CNN Business — Wed, 03 Jun 2020 20:52:46 +0000

(CNN) — Google has removed an app that millions of Indians had downloaded hoping that it would help them boycott Chinese software. “Remove China Apps” was not available on the Google Play Store on Wednesday, a little over two weeks after it launched with the assurance that it could help Indians identify apps made by

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Chinese gaming company seeks nearly $3 billion in Hong Kong listing

Sherisse Pham, CNN Business — Tue, 02 Jun 2020 14:40:39 +0000

(CNN) — NetEase is set to make its Hong Kong stock market debut next week, as tensions between the United States and China intensify. The Chinese gaming company said it was issuing more than 171 million new shares at a maximum price of 126 Hong Kong dollars ($16.26) each, offering no discount to NetEase’s closing

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Hang Seng Index drops more than 4% as tensions flare up again between China and the west

Sherisse Pham, CNN Business — Fri, 22 May 2020 14:17:00 +0000

(CNN) — Hong Kong’s Hang Seng Index dropped more than 4% Friday after news broke that Beijing would move to pass a hugely controversial national security law for the Asian financial hub. The news — which could be the biggest blow to Hong Kong’s autonomy since its handover to China in 1997 — also further

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How Asia’s richest man is trying to build the next global tech giant

Sherisse Pham, CNN Business — Wed, 20 May 2020 13:31:02 +0000

(CNN) — Mukesh Ambani wants to build the next global technology company. And if he plays his cards right, his mobile carrier and technology juggernaut JioPlatforms could soon hold rank alongside the likes of Google, Amazon, Alibaba and Tencent. JioPlatforms already has an ecosystem of apps — which feature everything from online grocery shopping to

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Samsung warns COVID-19 will hurt smartphone sales and the rollout of 5G. But the work-from-home revolution is here to stay

Sherisse Pham, CNN Business — Wed, 29 Apr 2020 14:10:19 +0000

(CNN) – Samsung is warning that the months ahead will be painful as the coronavirus pandemic disrupts global supply chains, hurts smartphone demand and complicates the adoption of 5G technology. But the South Korean conglomerate also says the crisis has sparked a fundamental change in how people live — and predicted that the world’s reliance on

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IMF says half the world has asked for a bailout

Sherisse Pham, CNN Business — Thu, 16 Apr 2020 14:42:26 +0000

This story was first published on CNN.com “IMF says half the world has asked for a bailout” (CNN) — Half of the world’s countries have approached the International Monetary Fund for emergency loans to weather the financial crisis sparked by the global coronavirus pandemic. More than 100 countries so far have asked for emergency assistance, Kristalina Georgieva,

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