Popular “move-to-earn” crypto game STEPN will exit the Chinese market due to regulatory concerns, the company said Thursday.
Monthly Archives For May 2022
Baidu Stock Jumps. Strong Demand Helped It Weather China’s Covid Shutdowns.
The Chinese internet giant said revenue at Baidu AI Cloud rose 45% in the first quarter. Overall revenue edgedup, but the company swung to a loss.
Shanghai heading out of Covid-19 lockdown but China still lost in economic gloom
Pandemic-hit Shanghai, China’s financial hub, unveiled more post-lockdown plans on Thursday (May 26) as it moves towards a return to normalcy, but a nationwide economic recovery is still a distance …
Why did Alibaba shares surge almost 15% on Thursday? Strong results during China’s Covid shutdowns
Alibaba shares flexed their muscles all day, Thursday, closing with a gain of almost 15% after the Chinese Internet kingpin reported better-than-expected fiscal fourth-quarter results.
US-China relations may be worsening, but young Americans still welcome the chance to work in world’s No 2 economy
The pandemic has motivated expatriates to leave China and restricted others from entering due to quarantine periods of up to three weeks But the world’s No 2 economy still has appeal for a new …
China Is Still the Greatest Challenger to America, Blinken Says
Secretary of State Antony J. Blinken presented a small part of Biden’s strategy on China, which aims to limit the Asian superpower’s increasingly aggressive actions.
Insurance program launched in Beijing to encourage vaccination among the elderly
The insurance industry in Beijing is making efforts to promote vaccination among the local elderly by launching an insurance program for vaccinated people aged 60 and above, the Beijing banking and …
Alibaba Annual Profits Lower, Rocked by Investment Losses, Slowing China Economy
China’s e-commerce and media giant Alibaba recorded lower … Speaking later on a conference call with financial analysts, Zhang gave a cautious insight into his understanding of the changing …
Senators express alarm over China-linked bid to purchase Forbes
A group of GOP senators has written a letter to Treasury Secretary Janet Yellen to express their concern about the proposed acquisition of Forbes by an entity they say is linked to the Chinese …
U.S. bill would bar Google, Apple from hosting apps that accept China’s digital yuan
Republican Senators want to bar U.S. app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, according to a copy of proposed legislation …
How Will China’s Covid Containment Policy Affect Emerging Markets?
China’s strict Covid-19 containment strategy is suppressing the country’s consumer demand and manufacturing output. The economic slowdown caused by this containment strategy poses a challenge …
U.S. Alarmed by China’s Support of Putin’s War in Ukraine
U.S. Secretary of State Antony Blinken sharply rebuked China for maintaining close ties with Russia as the war in Ukraine continues.
China’s central bank faces a delicate balancing act
A strong dose of monetary easing may boost short-term growth, but would risk inflating stock and housing bubbles …
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