Gao Fu, director of the Chinese CDC, gives keynote speech at the 23rd Annual Meeting of the China Association for Science and Technology in Beijing, July 27, 2021. /CAST The COVID-19 origin-tracing …
Monthly Archives For July 2021
Beijing Crackdown Sparks Record Slide for Chinese Stocks in U.S.
The slump in U.S.-listed Chinese shares accelerated Tuesday, wrapping up another day of losses, as investors shunned the assets amid a broad-based crackdown by regulators in Beijing.In the span of …
Rise of Digital Yuan Brings New Challenges for China Tech Giants
Tencent and Ant Group spent a decade digitizing money and payment networks. Now the government wants a larger role.
Has China quit overseas coal financing?
China did not fund any overseas coal projects in the first half of 2021, the International Institute of Green Finance said. This marks a milestone in the greening of China’s Belt and Road Initiative, …
Chinese Bike-Sharing Startup Hello Scraps Plans for U.S. IPO
Chinese bike-sharing giant Hello Inc. has formally scrapped plans for a U.S. initial public offering, becoming one of the first big casualties of Beijing’s crackdown on overseas listings.The company …
The 5 Biggest IPO Disasters Of 2021
After a huge slump that lasted several decades, the IPO market appears to be back with a bang. Despite the formidable obstacles posed by the COVID-19 pandemic, the year 2020 proved to be a major…
Apple Floats Above China Technology Crackdown — For Now
No big U.S. tech company is more exposed to China’s political climate than Apple. But its adroit management of the Chinese market is insulating it from the turmoil gripping the country’s own tech …
2848 cases of corona in Tokyo on the second day of the start of the Olympics
Tokyo: A few days after the start of the Olympics in the capital of Japan, Tokyo has reported the highest number of 2,848 new cases of corona. Japanese Prime Minister Yoshihide Suga has urged people…
‘Pathetic and disgraceful’: U.S. lawmakers blast Coca-Cola, Visa and others over Beijing Olympics
A bipartisan Congressional panel blasted U.S.-based corporate sponsors of the 2022 Beijing Winter Olympics on Tuesday, including Coca-Cola, Visa Inc. and Airbnb, accusing them of putting profits ahead …
Morocco arrests exiled Uyghur activist at China’s request
Yidiresi Aishan, a Uyghur activist in exile, has been arrested in Morocco based on a Chinese terrorism warrant, and allies fear he’ll be extradited.
FirstFT: China regulation fears hit Tencent shares
Chinese tech stocks plunged for a third day as investor fears mounted over a broadening regulatory crackdown, with shares of Tencent falling the most in a decade after the internet group halted …
Apple’s China Revenue Rises 58%
Apple’s sales in China rose 58% to $14.76 billion compared with the April-to-June period a year earlier, when the pandemic depressed sales. The latest June quarter was down slightly from the …
Starbucks earnings beat, fueled by strong U.S. cold beverage sales, but its shares drop on weak China outlook
Starbucks topped Wall Street’s estimates for its fiscal third-quarter earnings and revenue. The company also raised its forecast for fiscal 2021 earnings per share, despite also predicting slowing …
