The deal was originally expected to be completed by 2021. Livestreaming is a multimillion-dollar business in China, generating huge profits for e-commerce giants and popular influencers. Baidu has …
Monthly Archives For January 2024
China’s crackdown on foreign firms put them in dilemma; increases uncertainity
Following China’s crackdown on foreign firms, multinational corporations in the country are facing a dilemma this year as the risks of doing business in China increase, as reported by the Voice of …
Baidu terminates $3.6-B purchase of JOYY’s China live-streaming unit
Baidu has terminated its planned $3.6-billion acquisition of Nasdaq-listed JOYY Inc’s China live–streaming business, the company said on Monday in a filing with the Hong Kong stock exchange. The …
China sees cross-border travel return to pre-Covid numbers over New Year holiday
There were more than 5 million border crossings between December 30 and January 1, nearly a fivefold rise from a year ago.
Property Developer Gemdale Sells USD463.3 Million Shenzhen Project to Pay Off Debt
(Yicai) Jan. 2 — Gemdale Corp., a major Chinese property developer, has found a state-owned buyer for a commercial and residential complex in downtown Shenzhen to collect CNY3.3 billion (USD463.3 …
China’s home developers suffer further sales skid to end miserable 2023, as 2024 offers slim hope amid depressed demand
A downward trend in home sales accelerated in December as discounts and easing measures failed to spark demand.
China’s BYD closer to taking Tesla’s electric car top spot
Chinese company BYD has moved a step closer to toppling Elon Musk’s Tesla as the world’s biggest-selling manufacturer of electric vehicles. The firm said on Monday it had sold a record 526,000 battery …
US reportedly halted ASML’s chipmaking machine shipments to China weeks before ban
The US reportedly asked ASML “weeks before” the export ban deadline to halt some chipmaking machine shipments to China.
China’s economy is in so much trouble that even Xi Jinping’s admitting that businesses are having a ‘tough time’
An official survey of China’s manufacturers showed factory activity contracted for the third straight month in December.
ASML forced to suspend some China exports after US escalates tech battle
ASML has been ordered by the Dutch government to restrict shipment of some of its chip-making equipment to China, the company said on Monday.
India Is Chasing China’s Economy. But Something Is Holding It Back.
Long-term investment in India by businesses is stagnant, and foreign money is falling, even as the government is driving growth with infrastructure spending.
Asia’s factories end 2023 on soft note amid fragile China recovery
Asia’s factory activity weakened in December, portending a shaky start for the region’s manufacturing powerhouses in 2024 as China’s patchy economic recovery impeded a broader revival in demand.
China Is Pressing Women to Have More Babies. Many Are Saying No.
The population, now around 1.4 billion, is likely to drop to around half a billion by 2100—and women are being blamed.
