With chat groups, video streams and low prices for foundation, China’s Perfect Diary has emerged from nowhere four years ago to become a cosmetics giant for the digital age, trailing only L’Oreal and … (…
Monthly Archives For August 2020
Ant IPO: China’s mighty financial group heads for a mega market debut
Headquartered in the Chinese city of Hangzhou, Ant was launched in 2004 by e-commerce giant Alibaba and its founder Jack Ma. Since then Alipay has become China’s dominant mobile payments business. ( read original story…
China’s mighty Ant heads for a mega market debut
Headquartered in the Chinese city of Hangzhou, Ant was launched in 2004 by e-commerce giant Alibaba and its founder Jack Ma. Since then Alipay has become China’s dominant mobile payments business. ( read original story…
Pompeo previews Trump’s China election strategy in RNC speech
President Donald Trump is the only person who can take on China, his Secretary of State Mike Pompeo said at the Republican National Convention on Tuesday — a preview of what is emerging as a…
China state-owned firms’ Jan-July profits down 30.4% y/y – finance ministry
July period fell 30.4% from a year earlier to 1.48 trillion yuan ($214.34 billion), the finance ministry said in a statement on Wednesday. ( read original story …)
Central bank plans more rate reforms to cut borrowing costs
The People’s Bank of China, the central bank, said on Tuesday that it would continue to use interest rate reforms to further lower the borrowing costs for companies and clarified that despite … ( read…
BlackBerry makes China push as the OS for Xpeng smart cars
Now it’s brought that section of its business to China. This week, BlackBerry announced that it will be powering the Level 3 driving domain controller of Xpeng, one of the most-funded electric … ( read…
Beijing hospitals cleared of COVID-19 cases
A nurse treats a COVID-19 patient at an isolation ward in Beijing Ditan Hospital in Beijing, capital of China, June 16, 2020. (Xinhua/Peng Ziyang) BEIJING, Aug. 26 (Xinhua) — All Beijing hospitals … ( read…
Canada presses China counterpart over detainees, Hong Kong: Ottawa
Philippe Champagne met his Chinese counterpart, state councillor Wang Yi, in Rome on Tuesday and urged Beijing to release two citizens of Canada it has detained, Ottawa said. ( read original story …)
China says it began public use of coronavirus vaccine a month ago, bypassing clinical trials
Beijing officials say the trial vaccine was rolled out for high-risk groups in late July under “urgent use” regulations. ( read original story …)
Beijing’s push for mass Covid testing in Hong Kong commits the cardinal sin of public health
Hong Kong’s leader slammed scientists who questioned the government’s universal testing scheme as an attempt to “smear” the local and Beijing governments. ( read original story …)
China Central Bank Injects $29 Billion Via Reverse Repos
On the day, a batch of 150 billion yuan worth of reverse repos is set to mature, leaving the People’s Bank of China to inject 50 billion on a net basis via the liquidity tool.…
Tmall Luxury Connects High-End Brands with China’s “New Luxury” Gen Z Consumers
Tmall Luxury, China’s leading online destination for high-end and designer brands, announced new features to bolster luxury brands’ connections with China’s Gen Z, a digital-first fashion-forward … ( read original story …)
