A Chinese state-backed newspaper did some damage control Tuesday after photos emerged from the weekend showing thousands of partygoers crowded into a water park in Wuhan, where the novel coronavirus … ( read original story…
Monthly Archives For August 2020
Shenzhen FC end losing streak in Chinese Super League against Dalian
Shenzhen FC snapped their losing streak in the Chinese Super League as they beat Dalian Pro in a 3-2 thriller here on Thursday. Both sides have had a poor start to the 2020 season as…
FingerMotion’s JiuGe Information Technology Subsidiary Awarded Two Additional Portal Contracts from China Mobile Limited
(OTCQB: FNGR) (the “Company” or “FingerMotion”), a mobile services and data company, is pleased to announce recent and continued expansion of its Portal Sales & Marketing Management business through … ( read original story …)
Economic Watch: China’s banking industry seeks to shield real economy from epidemic shock
Net profits of China’s commercial banks tumbled in the first half of 2020, an uncommon decline analysts say echoed the country’s efforts to wield financial instruments to sustain the real economy amid … ( read…
Thousands evacuated as floods threatens a massive dam and a treasured Buddha in China
The Yangtze River has been swollen by record rainfall, and the biggest hydroelectric dam on the planet has never faced such a test. ( read original story …)
China, US Say Talks on Implementing Trade Pact Coming Soon
A Chinese official says trade envoys will hold a meeting by phone with U.S. officials “in the near future” on implementation of an agreement aimed at ending a tariff war. ( read original story …)
Trump’s trade deal with China: More bluster than boom
Trump is not a doubter, and on Fox News this week, he said China was “more than living up to” its commitments under the “phase one” trade deal negotiated by his administration. He mentioned recent…
Crypto Assets of $50 Billion Moved From China in the Past Year
About $50 billion in cryptocurrency assets have left China in the past year, a possible indication that investors are dodging rules that limit how much capital they’re allowed to transfer from the … ( read…
Chinese Crowdfunding, Insurance Site Waterdrop Raises $230 Million, Plans U.S. IPO
Chinese online insurance technology platform Waterdrop Inc. has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet … ( read original story …)
China’s Alibaba Says Business Is Back to Normal, Quarterly Profits Hit $5.6 Billion
Alibaba, Chinese e-commerce and entertainment giant, says that the worst of the economic fallout from the coronavirus is now behind it. Indeed, the health and economic crisis is accelerating digital … ( read original story…
Bank of East Asia interim profit jumps on efforts to contain bad loans from ill-fated strategy in mainland China business
The Bank of East Asia (BEA) said efforts to arrest a surge in bad loans in its mainland China business are paying off, as earnings improved from its worst year in a decade despite pressure…
China’s Waterdrop nabs $230M for its crowdfunded, mutual aid insurance platform
When people in the US or Europe think of crowdfunding and medical expenses, sites like GoFundMe, where people fundraise around specific predicaments, come to mind. Waterdrop, which goes by Shuidihuzhu … ( read original story…
China’s Alibaba Beats Quarterly Revenue, Profit Estimates
China’s Alibaba Group Holding Ltd beat quarterly revenue and profit estimates on Thursday as its core commerce and cloud computing businesses benefited from a shift to online shopping and working from … ( read original…