Chinese cafe chain Luckin Coffee on Friday announced it had filed for bankruptcy protection in the United States, months after it had been booted from Wall Street indices over a fraud scandal. The … (…
Monthly Archives For February 2021
China approves four ChiNext IPOs
China’s securities regulator has approved the initial public offering (IPO) registrations of four companies on the country’s NASDAQ-style ChiNext board. Shenzhen BSC Technology Co., Ltd., Ningbo … ( read original story …)
Uighur internment camp survivor reveals China’s horrifying ‘re-education’ tactics
Tursenay Ziawudun is a survivor of the secretive Chinese camps where over a million Uighur Muslims have been detained … ( read original story …)
Kuaishou Surge Affirms China’s Tech, IPO Clout As World Recovers From Pandemic
Kuaishou is China’s largest tech listing following the aborted IPO by Jack Ma’s Ant Group at the end of last year. ( read original story …)
China, Morocco, Iran — here are seven countries that have banned crypto trading
Cryptocurrency is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.Advertisement It has become a … ( read original story…
Who owns Luckin Coffee? China-based Starbucks rival caught in fake sales scandal now files for bankruptcy
In 2020, after the coronavirus hit the economy, Luckin Coffee revealed that it inflated its 2019 sales revenue by up to $310 million … ( read original story …)
China, Morocco, Iran — seven countries that have banned crypto trading
Cryptocurrency is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.Advertisement It has become a … ( read original story…
A US Navy destroyer challenged China’s sweeping South China Sea claims a day after sailing past Taiwan
The moves come as President Biden signals that the US is prepared to confront China’s aggression and “economic abuses.” … ( read original story …)
U.S. Trade Balance With China Improves, But Sources of Tension Linger
Exports of goods to China rose 17.1% last year, as the Biden administration looks to reframe economic relations with the world’s No. 2 economy. ( read original story …)
Tesla to recall 36,126 Model S and X vehicles in China over touch-screen failures
Tesla is recalling up to 36,126 of its Model S and Model X vehicles in China over touch-screen failures. The latest recall represents Tesla’s third in China since the fourth quarter of 2020. According ……
Mars ready for its close-up: China releases space probe’s first image
China’s maiden space exploration mission to Mars has captured its first image of the red planet, the space agency said on Friday, some six months after the probe left Earth. ( read original story …)
Why Beijing Is Bringing Big Tech to Heel
Beijing doesn’t oppose monopolies on principle, but even tech giants like Alibaba and Tencent must put party over profit. ( read original story …)
China to reach nationwide 5G coverage with 3.7m sites in 2025: ZTE
Chinese operators accelerated the deployment of 5G SA networks across the country and now operate more than 700,000 5G sites nationwide. New, massive deployments are expected to occur this year, to … ( read original…
