China’s economy has gradually overcome the negative impact of the epidemic, with main indicators showing marginal improvement in May, Fu Linghui, spokesperson for the National Bureau of Statistics, …
Monthly Archives For June 2022
Baidu in talks to sell majority stake in China’s answer to Netflix: Report
China’s internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China’s answer to Netflix, in a deal that could value all of iQIYI at about $7 billion,…
More than 100 CEOs urge U.S. Congress to pass China competition bill
China’s answer to Netflix, in a deal… LONDON (Reuters) – Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets …
Exclusive-Baidu in talks to sell majority stake in iQIYI, China’s answer to Netflix -sources
People walk near a Baidu logo at the company headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo …
Here’s What’s Really Behind Crypto’s Latest Drop
If you were wondering about the story behind this latest crash, look no further than Celsius. Celsius is an app that lets users earn interest on their cryptos by lending and staking them across DeFi.
Bill Gates Blasts Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Billionaire Bill Gates dismissed cryptocurrency projects such as nonfungible tokens as shams “based on the greater-fool theory” at a climate conference Tuesday, reviving past criticisms of digital …
As China seeks ‘zero COVID,’ Shanghai delays reopenings and orders mass testing
Just 10 days after Shanghai lifted its harsh two-month lockdown and less than a week after Beijing declared its outbreak under control, China’s two largest cities found themselves walking back on …
Forever 21 Takes Third Crack at China With New Bricks and Mortar Store
American fast fashion retailer Forever 21 is making its third tilt at the China market, with plans to open a physical store in the country later this month. The brand said on social media platform…
China regulator denies Ant Group restarting IPO
The prospect of Alibaba’s listing of its financial arm Ant Group moving forward after an 18-month delay was dampened by the securities regulator denying it is looking at resuming the IPO. In a brief …
China’s shoppers are still on strike and youth unemployment is rising
China’s economy showed some signs of improvement … as services industries that tend to hire younger workers were hit hardest by business shutdowns and restrictions on consumer activities.
Beijing in ‘race against time’ to contain Covid-19 surge
BEIJING – Authorities in China’s capital warned on Tuesday that a Covid-19 surge in cases linked to a 24-hour bar was critical and the city of 22 million was in a “race against time” to…
Beijing bars Moscow’s planes; China-Russia ‘brotherly’ ties may be spoiled
Amid Russia’s attack on the former Soviet nation, Ukraine, the “brotherly relationship” between China and Russia may be spoiled as Beijing barred Moscow’s airlines from flying foreign-owned jetliners …
Amid Rising Tension with Beijing, US Creates ‘China House’
The new entity, a part of the State Department, will track Beijing’s activities around the world as Beijing says Washington is undermining the bilateral relationship …
