Most retailers moved into a wait-and-see mode in Q1 due to lockdowns. China’s retail market is expected to continue struggling through Q2 2022, with most cities having yet to relax from bringing back …
Monthly Archives For May 2022
Airbnb ends rentals in China to focus on outbound tourists
Airbnb began listings in China in 2016, but they have still accounted for only about 1% of company revenue in recent years.
Beijing reports 41 new symptomatic COVID cases, 6 asymptomatic cases for May 24
China’s capital Beijing recorded 41 new symptomatic coronavirus cases for May 24, unchanged from a day earlier, state broadcaster CCTV said on Wednesday, citing official data.
Vietnam’s rare commemoration of a deadly South China Sea battle is a quiet but direct message to Beijing
The unusual ceremony, which took place amid Russia’s attack on Ukraine, was seen as a quiet message from Hanoi to Beijing.
New Australian Leader Sides with Washington, Rebuffs Beijing
On the sidelines of Quad meeting, Prime Minister Anthony Albanese emphasizes his desire for his country’s autonomy and closeness with Washington …
Proposed US crackdown on ‘Big Tech’ has one winner: China
From the time scientists flocked to Northern California in the late 1950s to develop a new semiconductor industry that led to high-tech start-ups including Advanced Micro Devices and Intel, …
WeRide received strategic investment from Bosch to jointly develop the auto grade and mass production of advanced driving solution in China
WeRide, a global leading Level 4 autonomous driving technology company, announced the strategic investment received from Bosch, one of the leading automotive suppliers. The two parties have signed a …
Bitcoin and crypto prices are extremely volatile — What to do when they’re crashing
In 2021, actual developments hurt prices. China’s move to ban financial institutions from providing crypto-related services was a further clampdown, since the country had already banned crypto …
Beijing clamps down on elite students after lockdown protests
China’s elite universities have sealed their campuses and encouraged students to return home after the implementation of harsh restrictions to quash Covid-19 outbreaks sparked discontent and protests.
Beijing rolls out new stimulus measures
BEIJING: China rolled out a broad package of measures to support businesses and stimulate demand as it seeks to offset the damage from Covid lockdowns on the world’s second-largest economy. The …
U.S. Speeds Up Reshaping of Taiwan’s Defenses to Deter China
The Biden administration is taking lessons from the war in Ukraine to turn Taiwan into a “porcupine” bristling with weapons that would inflict severe pain if attacked.
Chinese Social Media Weibo Bans Another Business Leader After He Questions China’s Zero Covid Policy
Weibo Corp (NASDAQ: WB) banned Trip.Com Group Limited (NASDAQ: TCOM) co-founder and Chair James Liang for alleged violation of laws, Reuters reports. The social media company neither elaborated on the …
Airbnb to quit China business as harsh lockdowns, competition weigh on demand
Home-sharing company to shut its domestic operations in the country, but continue to serve Chinese travelers booking overseas properties …
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