Business

U.S.-listed Chinese tech firms looking for a homecoming

US-Mexico border becoming tech center as firms exit California

San Francisco, Mar 29 (EFE).- The exodus of technology companies from California, which has been accelerated by the coronavirus pandemic, is significantly benefiting Texas and the US-Mexico border zone as a tech "hub" is being established there that takes advantage of the region's bilingual and bicultural characteristics.(CAMERA: Marc Arcas)STATEMENTS FROM OMAR SAUCEDO, SPOKESMAN FOR THE BRIDGE ACCELERATOR:"We have the participation of Mexican companies that are interested in connecting with the United States and vice versa, American companies interested in the Mexican market. We call that binational participation. We also have companies that are present in both countries, companies that began in the US and are known in Mexico or vice versa. The border between Texas and Juarez, Mexico has a unique population. The border divides us but if you look at a map you can see that there is no natural division, so there is an immediate social and business coexistence."

Relax, America: You'll Still Be Able To Invest In Alibaba

Jack Ma's Chinese online marketplace Alibaba surged as much as 7% in Wednesday trades. According to Business Insider, the bump came on the news that Americans wouldn't be banned from investing in the e-commerce behemoth. Alibaba, Baidu, and Tencent were among a number of Chinese-based companies being eyed by the US Defense Department. The DOD has a list of firms that it believes support China's military, intelligence, and security services. Chinese telecom stocks like China Mobile had been added to the Defense Department list, and trading in the US-listed stock shuttered on Monday.

FDA Clears Apple Watch App For PTSD