Zhang Jindong, the billionaire founder of the Chinese retail giant, has stepped down as chairman following the completion of a US$1.4 billion bailout from a consortium led by the Jiangsu government …
Monthly Archives For July 2021
US IPO Puts Didi In Beijing’s Crosshairs
The Cyber Security Review Office (CSR) was created in 2020–backed by 12 Chinese ministries–to look into cybersecurity risks …
Fitch Affirms China Overseas Land at ‘A-‘; Outlook Stable
Fitch Ratings has affirmed China Overseas Land Investment Limited’s (COLI) Long-Term Issuer Default Rating (IDR), …
China called finance apps the best thing since the invention of compass. But no longer now
State media hailed Alipay as one of Chinas four great modern inventions, putting it and bicycle sharing, e-commerce and high-speed rail up there with the compass, gunpowder, papermaking and printing.
MOBI standards guide innovation in blockchain services for growth in smart mobility industry
BiiLabs, a Taiwanese startup company, is reducing meaningless middleman fees by applying blockchain applications to mobility technology and driving behaviors. The company is already making a name for …
China’s June exports surge 32%, import growth slows
Exports rose 32.2% from a year earlier to $281.4 billion, up from May’s 28% growth, customs data showed Tuesday. Imports grew 36.7% to $229.9 billion, but that was down from the previous month’s …
World Insights: Cooperating with China, Egypt seeks to become COVID-19 vaccine self-sufficient, regional exporter
Egypt on Monday celebrated the local production of the first 1 million doses of China’s Sinovac COVID-19 vaccine, seeking to meet domestic demand and then export to other countries in the region.
The Chinese tech giants that Beijing is cracking down on are backers of big U.S. IPOs
China’s anti-monopoly and data security crackdown has crept into restrictions on U.S. IPOs, in which some of the country’s biggest tech companies are investors.
Beijing May Have an Inflation Salve for the World
There is a reason for this; while the U.S. braces for core consumer price inflation as high as 4% for the month of June, China had core CPI of just 1%: That is quite a…
Rivals rush to take advantage of security crackdown on China’s Didi
Rival apps to Didi Chuxing are rushing to lure drivers and users as they seek to take advantage of a cyber security crackdown on the Chinese ride-hailing market leader following its blockbuster New …
China hotel collapse kills eight; rescuers search for nine missing
Part of a hotel collapsed in the Chinese city of Suzhou killing eight people and rescue workers were searching on Tuesday for nine people missing in the ruins, state media reported.
China’s June exports growth beats f’cast as easing global lockdowns boost demand
China’s exports grew at a much faster than expected pace in June as solid global demand led by easing lockdown measures and vaccination drives worldwide eclipsed virus outbreaks and port delays. …
China’s June exports rise 32.2% year-on-year, beat forecast; imports up 36.7%
China’s exports in June beat expectations and rose at a faster pace of 32.2% from a year earlier, thanks to strong global demand, while imports increased 36.7%, customs data showed on Tuesday. …
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