Pintec Technology (PT +12.3%) announces a strategic cooperation agreement with West Guarantee to carry out collaboration in both technology and financial service areas to improve the efficiency of financial services and facilitate the development of inclusive finance in China market
West Guarantee is one of the largest comprehensive financial service platforms in China.
Equinix closes $175M deal for Mexico data centers
Equinix (EQIX +0.3%) has closed on a $175M acquisition of three data centers in Mexico.
It’s buying the facilities from Axtel in an all-cash deal.
The deal brings Equinix into two new metros – Mexico City and Monterrey – and will increase regional interconnection in combination with previous acquisitions of traffic hubs in Dallas and Miami.
It adds about 115,000 square feet of co-location space to Equinix’s International Business Exchange portfolio
Trimble to acquire Kuebix
Trimble (NASDAQ:TRMB) to acquire privately-held Kuebix, a transportation management system provider. Financial terms weren’t disclosed.
The acquisition will enable Trimble to bring together its network of private fleet and commercial carrier customers, which collectively represent more than 1.3M commercial trucks in North America, with Kuebix’s extensive community of more than 21k shipping companies, creating a powerful new platform for planning, execution and freight demand-capacity matching.
The transaction is expected to close in the 1Q20, subject to customary closing conditions.
Apple iPhone sales in China score big jump
iPhone (NASDAQ:AAPL) sales in China jumped 18.7% last month from a year ago to 3.18M units, thanks in part to the popularity of the iPhone 11, according to Bloomberg calculations based on government data on overall and Android device shipments.
The improvement in December iPhone sales in China despite a lack of 5G readiness is “quite positive” for Apple and its suppliers, according to analysts at Oddo.
The surge in shipments bodes well for Apple smartphone sales for the Chinese New Year, which occurs in late January, but Apple’s lack of 5G-enabled devices and inability to get its full range of online services past Chinese censors will make it difficult to sustain the initial shipment improvement.
It’s also boosted its price target to $70 from $62, now implying 15% upside.
Shares have been fairly rangebound during much of the past year. They’re down 5.6% over the past 12 months, and have fallen 3.1% over the past month, but are up 3.1% for the past quarter.
Sell-side analysts overall rate the stock Neutral, while Seeking Alpha authors are Bullish. It has a Quant Rating of Neutral.
