Billions of dollars wiped off stock value after China orders stores to remove app just days after its US listing …
Monthly Archives For July 2021
China’s Xi warns against politicisation, stigmatisation of Covid-19 origin
The origins of the Covid-19 remain a widely debated topic, with some scientists and politicians maintaining that the possibility of a lab leak of the deadly virus exists …
Beijing deepens assault on crypto
China’s central bank warned companies on July 6 against assisting cryptocurrency-related businesses as it shut down a software firm over suspected involvement in digital currency transactions. Beijing …
China’s central bank closes software maker over cryptocurrency trading China’s central bank 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. Authorities ordered …
US urges China, private sector to boost participation in G20 debt response
The United States on Tuesday urged China and the private sector to increase their participation in a G20 debt moratorium for low-income countries …
China ‘Will Never Allow’ Military Intervention Over Taiwan: Beijing
The response from China’s Foreign Ministry came after Japan’s deputy PM said Tokyo and Washington would need to jointly defend Taiwan in the event of an attack.
Didi Plunges Below IPO Price as China Cracks Down on Tech
Shares of Didi Global Inc. tumbled below their U.S. IPO price after a Chinese regulator ordered the removal of the company’s platform from app stores. Bloomberg Intelligence’s Mandeep Singh has the …
China signals wider clampdown on overseas listings after Didi IPO
Rules for overseas listings will be revised, China’s State Council said in a statement days after Didi Global’s IPO.
Why China is investigating Didi and other big Chinese tech firms
Didi is the latest company to face intensified scrutiny in a crackdown on some of China’s biggest technology giants. China’s Didi Global Inc. is one of the world’s largest ride-hailing apps.
China sends out another crypto crackdown warning as it orders a Beijing software maker to shut down
Chinese authorities shut down a Beijing software company over suspected involvement with crypto trading as its crackdown continues.
China cracks down on its own tech companies, complicating U.S. IPO plans
U.S. tech companies for years have grumbled about how the Chinese government favored its homegrown heroes, largely shielding them from global competition. Now, though, China is turning on its own Big …
Didi’s US shares plunge 25% after China cracks down on ride-hailing app, just days after $68 billion IPO
China on Sunday ordered app stores to remove Didi, the country’s biggest ride-hailing app, just days after its blockbuster US listing.
China steps up supervision of overseas-listed firms after Didi IPO drama
China will step up supervision of Chinese firms listed offshore, its cabinet said on Tuesday, days after Beijing launched a cybersecurity investigation into ride-hailing giant Didi Global Inc (DIDI.N) …
