Tenet Fintech Group Inc. (CSE: PKK, OTC Pink: PKKFF)
Commercial Lending in China Ready to Tenet!
The Global Times sources say China could put U.S. companies on an “unreliable entity list” that includes investigations and restrictions in retaliation for the U.S. blocking semiconductor shipments to Huawei.
Companies that could appear on the list include Apple (NASDAQ:AAPL), Cisco (NASDAQ:CSCO), and Qualcomm (NASDAQ:QCOM).
China could also suspend purchases of Boeing (BA -2.1%) airplanes.
The Global Times is published by the People’s Daily, the official newspaper of China’s ruling party.
Chip stocks see red pre-market after Reuters reports the U.S. Commerce Department has amended an export rule to block semiconductor shipments to Huawei.
Under the change, companies using U.S. chipmaking equipment must obtain a U.S. license before supplying to Huawei or its affiliates.
Commerce Secretary Wilbur Ross says the change is to “prevent U.S. technologies from enabling malign activities contrary to U.S. national security and foreign policy interests.”
Chip stocks on the move include NeoPhotonics (NYSE:NPTN) -4.4%, Micron (NASDAQ:MU) -2.9%, Lam Research (NASDAQ:LRCX) -2.8%, AMD (NASDAQ:AMD) -2%, Intel (NASDAQ:INTC) -1.8%,
The popular GIF site already gets 50% of its traffic from Facebook (NASDAQ:FB) apps (with half of that coming from Instagram).
Facebook plans to integrate GIPHY’s GIF library into Instagram.
The $400M price tag comes from an Axios report on the deal.
The ProtectWell app from Microsoft (NASDAQ:MSFT) and UnitedHealth Group (NYSE:UNH) lets companies screen employees daily for potential coronavirus symptoms and directs the worker to be tested, if necessary.
The app, available free for U.S. employers, also includes resources and guidelines for worker testing schedules based on their level of potential exposure.
ProtectWell doesn’t provide tracking and contact tracing information, standing apart from the efforts of Apple and Google. UnitedHealth is in charge of the included health care data.
JD.com (NASDAQ:JD): Q1 Non-GAAP EPS of $0.28 beats by $0.19; GAAP EPS of $0.10 beats by $0.14.
Revenue of $20.6B (+20.7% Y/Y) beats by $1.35B.
Annual active customer accounts increased by 24.8% to 387.4M TTM. Mobile monthly daily active users in March 2020 increased by 46% Y/Y.
Adjusted EBITDA of $637.5M and margin of 3.1%.
Shares +3.7% PM.
