The days of the hard-sell livestreaming broadcast may be numbered in China as audiences crave lower-key content. Over the past five years, livestreaming e-commerce has emerged as one of China’s top …
Monthly Archives For June 2022
Inside Didi Global’s $60 Bn Crash That Changed China Tech Forever- Blow-by-Blow Account
It was an unusually frigid December weekend when Cheng Wei summoned his inner circle to his Beijing office. The founder of Didi Global Inc., dressed entirely in black, told his lieutenants to slash …
Hong Kong’s 25 Years Under China: Business Appeal Suffers Amid Diminishing Freedoms
July 1st marks the halfway point of Beijing’s 50-year promise to maintain Hong Kong’s capitalist system and freedoms that had enabled it to become an economic powerhouse under colonial rule.
China’s Xi visits Hong Kong for first time since crackdown on pro-democracy protests
Chinese President Xi Jinping said Hong Kong had been “reborn of fire” as he arrived Thursday to mark the 25th anniversary of the city’s handover, in his first visit since the business hub’s …
China to Raise $44.77 Bln to Finance Infrastructure Projects
China’s State Council said Thursday it will raise 300 billion yuan ($44.77 billion) worth of debt to fund infrastructure projects as Beijing steps up support … projects or use it as bridge loans to …
Is the pre-made food market another sector of opportunity in China?
In the 2000s, enterprises dealing in the more complicated semi-prepared food began to emerge. It developed quickly in the catering market and continued to flourish in the 2020s. In 2021, the market …
China’s president returns to Hong Kong for 25th anniversary of British handover
When Chinese President Xi Jinping stepped off a train in Hong Kong on Thursday, it marked his first trip outside the borders of Mainland China in nearly 900 days.
Xi inspects Wuhan, stresses China’s self-reliance in science and technology
During his inspection tour in Wuhan, Hubei Province, on Tuesday, President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central …
China’s foreign investment for large projects up in first 5 months
In the first five months of 2022, China received 47.68 billion U.S. dollars in foreign capital for major foreign-funded projects each with a contracted investment of at least 100 million U.S. dollars, …
Top Indian firm pays for Russian coal in yuan and traders say more buyers could turn to China’s currency
“I have never heard any Indian entity paying in yuan for international trade in the last 25 years of my career,” a currency trader told Reuters.
Volkswagen CEO says German economy needs China – Spiegel
Inflation would spiral even further in Germany if it weren’t for business with China, Volkswagen Chief Executive Herbert Diess said in a media interview published on Thursday.
British-based business leaders optimistic about future China-West cooperation
British-based business leaders have expressed their optimism about the future China-West cooperation despite uncertainties caused by COVID-19. Frederick Fisher, the UK managing director of French …
UK PM Johnson: Sometimes we need to challenge what China is up to
Britain and the West need to ensure it has balance in its dealings with China and is willing to stand up to Beijing where necessary, Prime Minister Boris Johnson said on Thursday.