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Alibaba Group Holding (NYSE:BABA), Apple (NASDAQ:AAPL), Tencent – Press Release

china david mansion entrance blocked during jordan lockdown 20210123

  • China’s recent Covid lockdown has effectively compromised and coerced a city of 6 million people Apple Inc AAPL Data center operators to take emergency measures to rule out the pandemic, Bloomberg reports.
  • Apple’s state-backed partner Guizhou Cloud Big Data in Guiyang described a “closed-loop” system that prevents employees from leaving the premises.
  • “In the face of a dire situation, we need courageous people on the front lines,” demanded Cloud Big Data.
  • Guiyang has used incentives and political support to attract companies like e-commerce giants in recent years alibaba group holding ltd BABA and Tencent Holdings Ltd TCEHY.
  • Apple’s China data center has become the heart of its nationwide operations, housing all of the online data generated and stored by millions of Chinese iPhone users.
  • China locked down parts of Guiyang this week after a spike in virus cases prompted a strict response in line with its COVID-19 strategy.
  • Apple just introduced long-awaited iPhone 14 series with special features.
  • Price promotion: AAPL shares traded 0.73% lower at $154.79 on the last check Thursday in the premarket.
  • Photo via Wikimedia Commons

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