Juliana Liu / CNN:
Chinese state media: a five-day COVID-19 lockdown in Zhengzhou, home to Foxconn’s iPhone plant, has been lifted; an analyst says disruptions cost Apple $1B/week — Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory …
Selina Cheng / Wall Street Journal:
Inside Foxconn’s Zhengzhou iPhone plant as the company grapples with a weekslong COVID-19 outbreak during a critical period, leading to harsh lockdown measures — As it adheres to Beijing’s strict epidemic controls, Apple’s biggest smartphone assembler scrambles to keep production lines moving
Reuters:
Source: Foxconn expects its COVID-hit Zhengzhou plant to resume full production around late December to early January, but uncertainties remain — Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January …
Newley Purnell / Wall Street Journal:
Hong Kong officials and legislators criticize Google over a pro-democracy song, “Glory to Hong Kong”, appearing among the top results for the national anthem — Officials and lawmakers call on company to alter its results page to show China’s national anthem instead of a song made popular by antigovernment protesters
Zinnia Lee / Forbes:
Hong Kong-based digital payments startup Reap, which is developing tools for Web3 companies, raised a $40M Series A led by Acorn, Arcadia, and HashKey — Reap, a digital payment company based in Hong Kong, has netted $40 million in a funding round aimed at developing infrastructure …
Bloomberg:
Sources: hundreds of Foxconn workers at Apple’s iPhone plant in Zhengzhou clashed with security guards as protests erupted over unpaid wages and COVID-19 fear — Hundreds of workers at Apple Inc.’s main iPhone-making plant in China clashed with security personnel, as tensions boiled …
South China Morning Post:
Inside Zhengzhou’s “iPhone City” lockdown, where China’s zero COVID-19 policy, related propaganda and fears, and Foxconn’s missteps led to the worker riots — In a widely cited anecdote about the power of the Chinese workforce, a manager at an iPhone factory was once able …
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