China on Saturday imposed a record 18 billion yuan ($2.75 billion) fine on Alibaba amid a crackdown on technology conglomerates, signalling a new era after years of laissez-faire approach. Load Error …
Monthly Archives For April 2021
RPT-UPDATE 6-China fines Alibaba record $2.75 bln for anti-monopoly violations
SHANGHAI/HONG KONG, April 10 (Reuters) – China slapped a record 18 billion … Alibaba’s internet finance arm, which was set to be the world’s biggest ever. The State Administration for Market …
Will China Help With Huarong’s $22 Billion Bill? Don’t Hold Your Breath
Huarong’s U.S. dollar-denominated bonds tumbled. The $300 million 3.375% coupon bond, due in May 2022, yielded 9.94% by Friday. With close to $22 billion dollar bonds outstanding, the quasi-sovereign …
China works to fill the ‘shocking’ vaccination gap between countries China works to fill the ‘shocking’ vaccination gap between countries
China’s Foreign Ministry spokesperson disclosed the number on March 30: China is providing vaccine assistance to 80 countries and 3 international organizations, exporting to 40-plus countries, and …
Analysis: Chinese Tech Start-Ups Pull IPO Plans as Beijing Tightens Scrutiny
Analysis: Chinese Tech Start-Ups Pull IPO Plans as Beijing Tightens Scrutiny SHANGHAI/HONG KONG (Reuters) – A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style …
China launches hotline to report ‘illegal’ comments about Communist party
Public encouraged to report internet users who cast doubt on party’s version of history ahead of its 100th anniversary China’s cyber regulator has launched a hotline to report online criticism of the …
American Rescue Plan: US stimulus seen widening trade deficit that sparked Trump’s trade war with China
The US$1.9 trillion American Rescue Plan is poised to attract more Chinese imports, and analysts expect it to widen the United States’ contentious trade deficit with the world’s second-biggest economy …
Biden’s ‘Made in America’ electric vehicle push likely to benefit China
President Biden’s push to fill the nation’s roads with electric vehicles would be a boon for China and would increase America’s dependence on the communist power, which dominates the globe in advanced …
Top US Diplomat Criticizes China, Says ‘Need To Get To the Bottom’ of COVID-19 Origin
“We need to do that precisely so we fully understand what happened, in order to have the best shot possible preventing it from happening again.” …
Blinken doesn’t say if he thinks China knows the true origins of COVID-19
It means strengthening the World Health Organization and reforming it so it can do that, and China has to play a part in that,” he added. When Blinken was asked if he would guarantee the…
Coronavirus: US diplomat Anthony Blinken criticises China, insists on ‘need to get to the bottom’ of pandemic origin
China’s failure to provide access to global health experts made the Covid-19 pandemic worse than it had to be, US Secretary of State Anthony Blinken said on Sunday, and it was important to “get to…
Chinese Ride-Hail Startup Didi Prepping US IPO
Last year, Chinese companies notched $12 billion in U.S. listings. Didi announced plans for an initial IPO in March. Companies in China raised $12 billion in U.S. listings, more than triple …
Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics
The battle over bitcoin’s evolving role just became a piece in a complex game of political strategy. Peter Thiel’s talk earlier this week at a Richard Nixon Foundation event thrust the cryptocurrency …
