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World 09 Sep 2020 | 5:20 AM

U.S.-listed Chinese firms trade lower

NEW YORK, Sept. 8 (Xinhua) -- U.S.-listed Chinese companies traded roughly lower on Tuesday, with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

Technology 10 Sep 2020 | 5:05 PM

Demand for cloud services in China increases to quarterly record high of US$4.3bil

China maintained its position as the world’s second-largest cloud services market amid record spending of US$4.3bil (RM17.91bil) in the second quarter.The market is being driven by government stimulus measures, investment by service providers, digital transformation projects and increased demand for online servicesSecond-quarter cloud spending in China accounted for 12.4 per cent of the US$34.6 billion total global investment during that period