Bank of China (BOC), one of the country’s big four state-owned lenders, and Tencent have established a joint financial technology laboratory, said the lender in a statement on Thursday. The lab will work on cloud…
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Hong Kong’s Stock Market Tells the Story of China’s Growing Dominance
Tencent is the largest stock in the Hang Seng Index with a market cap of HK$2.58 trillion ($330 billion). There were no China technology names in 1997. Telecomm Big players China Unicom Hong Kong Ltd.…
China’s squeeze on capital outflow felt in Cambodia
“The number of scrapped deals is also bound to increase due to Chinese investors’ failure to get the money to pay for a deal out of China or the increasing wariness of foreign parties to…
China’s banking regulator targets firms investing heavily overseas
News of the regulator’s investigations hit shares in some of the companies, which are among China’s biggest blue-chips. Shares in Fosun fell nearly 10 per cent, while HNA stocks were down around six per cent…
China takes delivery of first shipments of American beef in 14 years
BEIJING • China let through the first shipments of beef from the United States in 14 years on Friday, after the two nations agreed to resume the trade in May, state media reported. The imports…
China’s May imports from North Korea 3rd lowest on record
China’s imports of North Korean goods in May fell by more than 30 percent from a year ago, data showed on Friday, the latest sign that China’s ban on coal purchases from the isolated country…
China tightens online video controls, scaring investors
It ordered them to stop the services. Communist leaders promote internet use for business and education but try to block access to material deemed subversive or obscene. Beijing has been especially wary of social media…
Belt and Road Initiative to benefit the whole world, Australian business leader says
The president of the Australia China Business Council’s North Territory office said he believes the Belt and Road Initiative, proposed by Chinese president Xi Jinping, could bring a lot of new business opportunities to the…
Despite False Starts, Focus on Mobile Transit Ticketing Continues in China
China Mobile has introduced a prototype of a contactless SIM to enable transit ticketing on the iPhone. It remains to be seen whether it launches the new SIM embedded with a tiny antenna, but other…
China’s Dealmaking Tycoons Scrutinized by Banking Regulator
News spooks China markets less than 36 hours after MSCI nod Chinese regulators stepped up scrutiny of the country’s most prolific overseas acquirers, asking banks to report their exposures to the companies after last year’s…
Beijing shopkeepers protest evictions
Over 100 shopkeepers at a popular Beijing market held a rare street protest Friday against what they call unreasonable eviction as the Chinese capital seeks to curb population growth. The crowd gathered outside the entrance…
Beijing wages war on ‘Chinglish’ to prevent translation gaffes
China has long been known as the land of the confused tourist, with instructions on public notices using phrases like: ‘Be careful to hit your head.’ But poorly translated English – or what is otherwise…
These 20 Leading Technologists Are Driving China’s AI Revolution
China’s leading technology companies are on fire, heavily investing in artificial intelligence and building true global presences. McKinsey recently reported that academic and research institutions in the country publish more cited research papers than ……
