technology firms
Coverage of technology firms in the Nexus archive.
- China’s private-sector split widens as tech rises, traditional sectors struggle: survey
China's private sector faces a widening divide, with technology firms showing stronger momentum while many traditional businesses struggle due to intense competition, payment delays, and weak domestic demand. A survey of 79 medium- and large-sized private firms found over 70% of respondents described their current business conditions as difficult or very difficult.
- Lower bar to entry for innovative companies to list in Hong Kong, chamber says
The Chamber of Hong Kong Listed Companies (CHKLC) is advocating for Hong Kong to further reduce barriers for innovative companies to list publicly, aiming to attract more technology firms to raise funds locally. Hong Kong Exchanges and Clearing (HKEX) recently introduced major listing reforms expanding eligibility under a weighted-voting rights regime and redefining classifications for innovative companies.
- In first since 2022, Bank of Israel buys foreign currency to stem sharp shekel gain
The Bank of Israel purchased $801 million in foreign currency to address a sharp rise in the shekel, which reached a 33-year high against the dollar. The move aims to prevent potential layoffs and relocations by tech firms due to economic concerns.
- The tech jobs bust is real. Don’t blame AI (yet)
Technology firms are experiencing significant job cuts, marking a downturn in the tech sector. The article argues that while layoffs are occurring, artificial intelligence is not the primary cause yet.