Demand for 5G service packages in China remained strong in May but new purchases of compatible handsets plummeted.
Monthly Archives For June 2021
Corruption parade at China Development Bank gets longer
Zhang Liwu, a former official at the China Development Bank (CDB), was expelled from the Communist Party on corruption allegations in a series of graft probes that have rattled the nation’s biggest …
China Jan-May State-Owned Firms’ Profits up 170% Y/y – Finance Ministry
Profits at China’s state-owned enterprises rose 170% to 1.79 trillion yuan ($276.18 billion) in the first five months of the year versus the same period a year prior, the ministry of finance said on …
China’s GDP Surge Is Chance To Reboot Country’s Image On World Stage
The best thing Xi Jinping can do to boost China’s soft power is to lean into this recovery, and provide the stability that the rest of the globe needs.
China’s crackdown on big tech will last for a while, BlackRock says. Here’s what they’re buying instead
“This regulatory cycle is long-lasting compared to 2018,” Lucy Liu, a BlackRock portfolio manager, said during a mid-year Asia investment outlook.
China cuts second batch of crude oil import quotas for private refiners – document, sources
China has issued 35.24 million tonnes of crude oil import quotas to non-state refiners in a second batch of allowances for 2021, a 35% drop from the same slot last year, according to a document…
AntChain Launches Developer Support Program to Foster Global Collaboration on Blockchain and Other Innovations
AntChain, Ant Group’s technology brand, today launched a developer community support program at its first developer conference. The program is designe …
Bitcoin price: Why cryptocurrency is recovering after crashing to six-month low on back of China crackdown
Bitcoin has recovered back to $34,000 (£24,500), after falling below $30,000 (£21,000) for the first time in six months …
China’s Crypto Crackdown Expected to Push Mining Overseas
China’s crackdown on the cryptocurrency industry is expected to spur miners to uproot their operations and head abroad.
Caixin China Biz Roundup: The Chinese Brands Going Global
New report says more of the Asian nation’s biggest firms are gaining an international reputation for innovation and quality; the latest on a corruption scandal rocking the country’s top policy lender; …
Chinese grocery platforms Missfresh, Dingdong scale down US IPO fundraising targets amid investor concerns about growth outlook
Missfresh and Dingdong Maicai plan to raise over US$300 million each from their US stock offerings, lower than their initial targets of around US$500 million.
In China, Cashless Is King
From Alipay and WeChat Pay to the digital RMB, the past, present, and future of China’s digital payment services.
Alibaba Alum Becomes Billionaire With IPO for China Startup
Former Alibaba Group Holding Ltd. employee Zhang Hui is the latest Chinese entrepreneur to join the ranks of billionaires after his Uber-like trucking startup went public Tuesday in New York.
