Brilliance Asset Management, one of Asia’s largest hedge funds with a China focus, posted a massive loss last month after a drop in Chinese stocks hammered its big bet on an electric vehicle maker.
Monthly Archives For November 2022
China’s envoy urges developed countries to ‘make pie bigger’ on climate finance
Xie Zhenhua, special representative for President Xi Jinping and China’s special envoy for climate change, made the remar Xie noted in his address that developing countries are the principal victims …
Who is Binance founder Changpeng ‘CZ’ Zhao, the billionaire who wants to ‘rebuild’ crypto?
Binance founder and CEO Changpeng Zhao is once again in the global spotlight, this time as the self-appointed white knight of crypto as the industry is embroiled in crisis.
Audio chip supplier Shenzhen Soundec guards millions of yuan in Series B
Chinese audio chip supplier Shenzhen Soundec secured dozens of millions of yuan in Series B, Chinese semiconductor consultancy ijiwei reported on Nov. 11. Jolmo Capital and Tsing-Yuan Capital …
China zero Covid: Violent protests in Guangzhou put curbs under strain
Crowds of residents in southern China’s industrial metropolis Guangzhou have escaped a compulsory lockdown and clashed with police, as anger at strict coronavirus curbs boiled over. Dramatic footage …
Residents ‘revolt’ over oppressive Covid lockdowns in China’s Guangzhou
Residents under Covid lockdown in China’s southern manufacturing hub of Guangzhou have torn down barriers meant to confine them to their homes, taking to the streets in defiance of strictly enforced …
China’s Tencent starts new round of layoffs -sources
By David Kirton and Josh Ye SHENZHEN, China/HONG KONG (Reuters) -Chinese tech giant Tencent Holdings has begun a new round of job cuts targeted at its video streaming, gaming and cloud businesses, …
Tech investor Draper sours on China, says it has left the free market
China is no longer a place to invest and has left “the free market” under President Xi Jinping, said U.S. venture capitalist Tim Draper, an early investor in Elon Musk’s Tesla and SpaceX.
Shenzhen Data Exchange begins trading
The Shenzhen Data Exchange was established on Tuesday and officially began trading on the same day Located in China high-tech hub …
Rishi Sunak dials down tensions with Beijing by ditching predecessor’s view of China as security ‘threat’
Rishi Sunak has sought to dial down tensions with China ahead of his first encounter with president Xi Jinping by stepping back from predecessor Liz Truss’s characterisation of Beijing as a “threat” …
US-China meeting lays groundwork for stronger economic ties
Officials attending the first US-China summit under the new Biden administration in March 2021 exchanged undiplomatic words, highlighting a tense relationship between the world’s two largest economies …
The Real China Threat: Treating Beijing as an Enemy Risks Turning it into One
U.S.-China relations seemingly take place between two inevitable foes, descending each week over a multitude of rows ranging from economic to ideological. However, the imminent threat that each side …
China’s economy loses momentum as Covid curbs hit factories, consumers
China’s economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail sales fell for the first time in five months, underscoring faltering demand at home and …
