No. Cyber Monday? Nope. Prime Day? Absolutely not. The world’s biggest shopping event happens in China each year – and it’s called Singles Day. Originally a holiday to celebrate being single, as a …
Monthly Archives For November 2023
UPDATE 1-China’s WuXi XDC to raise $470 mln in Hong Kong IPO – sources
Chinese medical research group WuXi XDC is set to price its shares at HK$20.6 each to raise $470 million in its Hong Kong IPO, according to two sources with direct knowledge of the matter.
Scientists in China finds clues to crack mystery of long Covid-19
Scientists have discovered key biomarkers that can help identify high-risk groups and develop treatment. Read more at straitstimes.com.
Hear President Xi’s message to women amid declining birth rates in China
China is facing a population crisis as its birth rate continues to decline, leading to a shrinking population for the first time in decades. President Xi addressed this issue by encouraging women to go back…
What to look for when Biden meets with China’s Xi Jinping next week
There are new signs of diplomacy with China. Treasury Secretary Janet Yellen met with her Chinese counterpart — one week before President Biden meets with Chinese President Xi Jinping. William Reinsch,
China’s animal lovers fight illegal cat meat trade
When Han Jiali’s beloved cat Dabai was taken from her Shanghai home last year, she embarked on a hunt for her pet that took her deep into the bowels of China’s underground feline meat trade.-…
Startup Li Auto is beating Tesla China’s EV sales
Chinese startup Li Auto sold more cars in October than Tesla’s China business did in October, according to the China Passenger Car Association.
China’s Under-Developed CDS Market Worsens Real Estate Pain
After a major default, investor attention usually turns to the potential payout from credit default swaps, a type of security that acts as insurance against bankruptcy. But when one of China’s biggest property developers missed…
FirstFT: Ransomware attack on China’s biggest bank disrupts trades in US Treasury market
Also in today’s newsletter, Nvidia develops new AI chips for China and US and Israeli spy chiefs hold hostage talks …
‘E-pregnancy’: women in China choose quirky method to save cash by putting money ‘spent’ on virtual baby in bank
Young women in China have struck upon a novel way of saving money by creating a virtual pregnancy then banking the money they “spent” on the “expected child”.
Ransomware attack on Industrial and Commercial Bank of China disrupts US Treasury market trades
The incident affected some financial services, preventing the bank from settling some trades, though the exact impact was unclear.
Ransomware attack on China’s largest bank disrupts US Treasury markets
The Industrial and Commercial Bank of China Ltd., China’s largest bank, has been struck by a ransomware attack that disrupted U.S. Treasury markets.
China’s ICBC bank reportedly targeted by hackers
The Industrial and Commercial Bank of China suffered a ransomware attack, the Financial Times reported on Thursday. According to the report, the attack disrupted the United States Treasury market as …
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