China and US regulators further damage Chinese technology. Both the US and Chinese regulators have been busy this week and although they are on opposite sides both have made moves to further damage Chinese technology. Chinese regulation The Chinese Ministry of Industry and Information Technology (MIIT) is now demanding that all of Tencent’s new apps, games, and updates receive approval...
India forgoes a great opportunity. The Indian state’s desire to control its currency is so great that it is willing to forgo the huge opportunity granted to it when China outlawed cryptocurrency. India is reintroducing the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 which creates a framework by which to create a Central Bank Digital Currency (CBDC) and...
Zoom gets punished for a tiny slip again. Zoom again demonstrates that when the multiples are very high, any tiny slip compared to expectations will be harshly punished by the market. Zoom reported good results and guided nicely for the coming quarter but the bugbear of post-pandemic growth continues to dog the company which turned a 9% rally into a...
Macro and competition temper outlook Alibaba reported disappointing results and cut full-year guidance as China’s restrictive Zero COVID strategy is slowing demand and its competitors are nipping at its heels. This all comes at a time when Alibaba is also investing heavily for the future which while it is well-timed in terms of increasing competition means that in the short-term...
Alibaba: a bail-out to win favour? The fact that news of an Alibaba-led consortium being the lead contender to bail out failed chipmaker Tsinghua Unigroup sent the shares down 5% tells investors everything they need to know about this transaction. Tsinghua Unigroup is just another example of how problematic China’s strategy to become self-sufficient in semiconductors has become. While the...
Qualcomm answers the M-series challenge. Qualcomm has worked out how to challenge Apple’s current advantage in Arm-based CPUs but the fact that it will be 2023 before it hits the market underlines just how far ahead Apple is. Qualcomm held its 2021 analyst day in which it stated that it sees its serviceable market growing by 12% for the next...
Interoperability between these two is the easy bit. Interoperability between Microsoft and Meta Platforms is an important step to ensuring the success of the Metaverse, but this one was an obvious and easy move meaning that interoperability remains by far the biggest hurdle that the Metaverse has to overcome. Microsoft and Meta will partner so that Microsoft Teams and Horizons...
A deeper investigation was always expected. It looks like the UK Government is going to order a phase II investigation into Nvidia’s purchase of Arm from Softbank which is going to delay things further and may force Nvidia to make bigger concessions to get the deal through. The UK Sunday Times (see here) has found sources that claim that Nadine...
I am not a big believer in simulation. GM Cruise is one of the leaders in autonomous driving, but I suspect that its use of simulation as opposed to the real world will prevent its performance from getting to a level where it can be truly called autonomous. GM Cruise held an event last week where it discussed its autonomous...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Xiaomi – Cars, cars and cars.
Xiaomi could become a car company. Xiaomi appears to be planning to make at least 300,000 EVs per year which if successful could see EV revenue take over as its single biggest driver of revenue. Xiaomi missed expectations in its Q3 2021 results but still managed to grow by 8% YoY as supply shortages ate into its ability to manufacture...