Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to rein in “the unruly growth” of the tech giants.
Monthly Archives For September 2021
See what Chinese city at center of fresh Covid-19 outbreak looks like
The fresh coronavirus outbreak in Fujian province on China’s southeastern coast has infected more than 60 people, including 15 elementary school pupils. CNN’s Kristie Lu Stout reports.
China Mobile, CBN signs 700MHz network sharing deal
China Mobile and 31 provincial subsidiaries have signed a 5G network sharing supplemental agreement with China Broadcasting Network (CBN). The scope of the collaboration is the co-construction and …
CHINA MOBILE Initiates Tens of Billions of RMB Optic Cable Procurement Project
CHINA MOBILE (00941.HK) announced to start the centralized procurement project of ordinary optical cables for 2021-22 as the market expects the sector’s demand-supply dynamics to see further …
China Tech Shares Slide on Latest Volley of Internet Curbs
Chinese technology shares fell once again Monday on the latest moves from Beijing to reshape online businesses.Traders mulled a report that the government intends to break up Ant Group Co.’s Alipay …
In fresh regulatory move, China tells tech giants to stop blocking rivals’ links
China fired a fresh regulatory shot at its tech giants on Monday, telling them to end a long-standing practice of blocking each other’s links on their sites or face consequences.
China Tech Watchdog Warns Internet Firms Against Blocking Rivals
China’s top technology regulator warned internet firms on Monday against blocking links to rival services, reaffirming Beijing’s order for online giants from Tencent Holdings Ltd. to ByteDance Ltd. to …
China Evergrande’s restructuring ‘quasi unavoidable’ amid distress as ‘free pass’ on debt binge ends
Investors focusing on Asian high yield and distressed bonds are circling China Evergrande Group as the developer seeks fresh capital to pull through its biggest survival test after accumulating more …
Integration with China’s financial market is Russia’s priority for next decade – Central Bank
The priority area is the development of integration with Asian markets, primarily with the Chinese financial market. With the assistance of the Bank of Russia, work will continue to develop …
Beijing turns up heat on data holding firms, seeking to divide Ant Group’s Alipay
Beijing regulators, who are acting increasingly hawkish around sensitive data firms, are reportedly seeking to break up Ant Group’s loans business Alipay to form a separate app instead.
COVID-19 Delta Variant Breaches China Again, Just Weeks After Last Outbreak
The latest wave comes less than a month after China contained its broadest outbreak since the virus’s initial emergence in Wuhan..
Delta coronavirus outbreak spreads in eastern China
An outbreak in the southeast Chinese city of Putian is escalating, with 64 cases reported in three days. The incursion of the Delta variant of the coronavirus …
‘China’s Dr Fauci’: How Dr Zhang Wenhong became the face of Beijing’s Covid battle
The video was widely shared in Shanghai’s online portals, and was even re-published by the state news agency Xinhua in Beijing. On 10 September, shortly before a new outbreak began in the …
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