Didi Global Inc. plunged Tuesday in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader Chinese crackdown on companies listing their shares abroad.China’s …
Monthly Archives For July 2021
Biden Seeks Xi’s Help with North Korea’s Nuclear Weapons, China Asks U.S. to Hear Kim Out
China’s envoy to North Korea “called on the US to take seriously and address the DPRK’s legitimate and reasonable concerns” and a State Department spokesperson told Newsweek that Washington and …
China crackdown on tech and overseas-listed shares prompts sell-off of Didi, others
Didi Global Inc (DIDI.N) shares fell as much as 25% in early U.S. trading on Tuesday in the first session since Chinese regulators ordered the company’s app to be taken down days after its $4.4…
IMAX China To Announce First-Half 2021 Financial Results and Host Conference Call
IMAX China (“IMAX China,” HKSE:1970) today announced it will hold a conference call to discuss its first-half 2021 financial results on Tuesday, July 27, at 8:00 p.m. Eastern Time ( Wednesday, July 28 …
When will China overtake the US to become the world’s biggest economy?
Forecasts from Bloomberg Economics suggest China could grab the top spot – held by the United States for well over a century – as soon as 2031.
Cryptocurrency Price Check: Bitcoin Steady, China Shuts Down Software Maker
Bitcoin prices rise while a Beijing-based software maker is ordered to shut down due to suspected cryptocurrency activity.
Wall Street ignores China meddling at own peril
Now China is flexing its muscle. Just days after Didi went public on the New York Stock Exchange last week, the Cyberspace Administration of China said it’s investigating the ride-hailing giant’s …
China’s Xi attacks calls for technology blockades
Chinese leader Xi Jinping on Tuesday attacked calls from some in the U.S. and its allies to limit their dependency on Chinese suppliers and block the sharing of technologies. In a speech to …
Biden Official Sees ‘Dangerous,’ ‘Delicate’ Balance With Taiwan After China Warns of War
Pacific, stressed a need to walk the line of showing China what actions won’t be tolerated and not escalating tensions.
China c.bank office closes software maker over cryptocurrency trading
A Beijing office of China’s central bank said on Tuesday it had ordered the shutdown of a Beijing-based software maker over its suspected involvement in cryptocurrency trading.
4 Ways Western Luxury Brands Can Localize China Retail
Retailers have replaced universal approaches with personalized experiences and customized products. These are four ways luxury brands can localize in China.
China’s 618 Festival: Shiseido, Lancôme Among Top Beauty Brands
Though thousands of brands crowded into the country’s largest mid-year shopping festival in June, Shiseido, Lancôme, Estée Lauder, L’Oréal and Yves Saint Laurent were the highest performing beauty …
Why did Didi choose the US over Hong Kong for its IPO?
The US has been an easier path to the public markets for Chinese firms, but the latest crackdown by mainland regulators has some investors questioning whether it will be more difficult in the future.
