Jack Ma’s Ant started as a payments processor for Alibaba before veering into other financial services, and now China is investigating both firms. ( read original story …)
Monthly Archives For December 2020
Shenzhen 12: UK concerned at China’s ‘secret’ trial of group accused of trying to flee Hong Kong
The group face charges of illegal border crossing after their boat was intercepted allegedly en route to Taiwan. ( read original story …)
EU and China poised to agree investment pact
The EU and China are close to reaching a long-awaited business investment deal as. During a meeting with national ambassadors in Brussels on Monday, the European Commission reported progress on talks … ( read original…
Australia insists WHO inquiry into Covid origin must be robust, despite China tensions
Australia is pushing to ensure the global inquiry it helped trigger into the early handling of the Covid-19 pandemic doesn’t pull any punches – a move that has the potential to risk further … (…
Alibaba crackdown spurs global concerns, $200bn China tech rout
Alibaba Group Holding Ltd led a second day of frenetic selling among China’s largest tech firms, driven by fears that antitrust scrutiny will spread beyond Jack Ma’s internet empire and engulf the … ( read…
Alibaba Shares Tumble Again After Beijing Tightens Screws on Ant Group
Alibaba has erased almost all its stock-market gains this year, just days after Chinese regulators signaled a major change in their posture toward the e-commerce behemoth and its finance affiliate, … ( read original story…
NetEase to shutter personal finance app Youqian in further retreat from finance-related services
NetEase, one of China’s first-generation tech giants, said it will close its personal finance app Youqian after several years of struggling to find a hit in the personal finance services space. The … ( read…
China jails citizen journalist Zhang Zhan for four years over Wuhan coronavirus reports
Court in Shanghai hands sentence down to Zhang Zhan after she was found guilty of ‘picking quarrels and provoking trouble’. ( read original story …)
China beat back covid-19 in 2020. Then it really flexed its muscles at home and abroad.
Hong Kong utterly transformed in 2020. In recent years, the city had become synonymous with its pro-democracy protests. During the summer, China moved to tighten control of Hong Kong, ending the … ( read original…
That Decoupling Sound: China, the US and a Year of CBDCs
China and the U.S. faced off over trade and technology bans. But the battler for monetary hegemony has only just begun. ( read original story …)
Beijing Cancels New Year’s Eve Events Amid Reports of Local Coronavirus Cases
Beijing is cancelling several festivities planned to ring in the new year after the city reported new local coronavirus cases over the weekend. Two locally transmitted COVID-19 cases were reported in … ( read original…
For Beijing and New Delhi, 2020 Was the Point of No Return
For Beijing and New Delhi, 2020 Was the Po… In a year that challenged policymakers across the world, one development will perhaps have the most significant long-term impact in the Indo-Pacific—the … ( read original…
Alibaba shares fall 8% after Beijing turns up heat on Ant
Shares in Alibaba fell sharply on Monday after Beijing publicly accused Ant Group, the ecommerce group’s sister company, of regulatory failings in its latest salvo against the e … ( read original story …)
