Nearly US$5mln drain from hot wallet in what enterprise calls ‘failure of some core applications’ China-based cryptocurrency exchange LB.com is the latest crypto platform to seemingly be targeted by …
Monthly Archives For August 2022
Hongjiu Fruit Gets IPO Go-ahead but Cash Flow Concerns May Bite
Hongjiu Fruit specializes in high-value fruit and was the biggest distributor of branded fresh fruit in China last year in revenue terms The company’s rapid expansion of new retail channels has …
Alibaba revenue growth flatlines for first time as China’s lockdowns bite
The slowdown adds to challenges facing China’s e-commerce giant, which has enjoyed double-digit revenue growth almost every quarter since it went public in 2014, as it navigates Beijing’s crackdown on …
Fact Check Video: Viral video DOES NOT show forced mass testing for Covid-19 in China
AFWA’s investigation found this video did not show any such thing. Far from it, it was from a police raid on a pornography racket in Lanzhou in northwestern China.
Capesize bulker routes to China fall to multi-month low as real estate sector struggles
Rates for benchmark routes for capesize bulkers that ship iron ore to China for steelmaking have slid to their lowest level in months as China’s real estate industry falls into deeper financial …
Dali Encourages ‘Joint Property’ Model to Boost Sales
Authorities in the southwestern city of Dali are encouraging real estate developers to sell at least half of a property up front while selling the remaining part later in the latest effort to boost …
Crypto Exchange ZB Exchange Loses Nearly $5M in Suspected Hack, Pauses Withdrawals
The self-titled “world’s most secure” exchange may be the third crypto company to suffer a multi-million dollar exploit this week.
China has a new global development initiative, but who will actually benefit from it?
Chinese global initiatives reflect the nation’s indisputable economic power. Photo by Christian Lue on Unsplash, CC BY-SAChina’s well-publicized Belt and Road Initiative to invest in infrastructure …
Blinken says he hopes ‘Beijing will not manufacturer a crisis’ after Pelosi’s visit to Taiwan
US Secretary of State Antony Blinken said Thursday that he “(hopes) very much that Beijing will not manufacture a crisis or seek a pretense to increase its aggressive military action” as China fired …
China fires missiles near Taiwan in live-fire drills as PLA encircles island
China fired multiple missiles toward waters near northeastern and southwestern Taiwan on Thursday, the island’s Defense Ministry said, as Beijing makes good on its promise that Taipei will pay a price …
China fires missiles towards Taiwan strait in drill after Pelosi visit
US House Speaker Pelosi may have left Taiwan, but the retaliation from China is only beginning. Beijing is staging what it claims is the largest ever military drills around Taiwan that simulate a …
China’s Ant Group net profit fell 17.3% in March quarter – Alibaba filing
China’s Ant Group on Wednesday logged net profit of 11.38 billion yuan ($1.68 billion) in the quarter to March, down 17.3% from a year earlier, according to Reuters calculations from Alibaba Group …
China starts biggest-ever military drills around Taiwan after Pelosi visit
The U.S. House speaker defied intense warnings from Beijing not to stop in Taiwan. In turn, China launched the drills in some of the world’s busiest shipping lanes.
