BEIJING, Jan. 4 (Xinhua) — China’s total service import and export volume grew 9 percent year on year in the first 11 months of 2023, data from the Ministry of Commerce showed Thursday. The service…
BUSINESS
Two of China’s bubble tea giants are gearing up for IPOs
Hong Kong CNN — Two of China’s most popular bubble tea brands are preparing to go public. Mixue Group and Guming Holdings — which are known for drawing crowds for their unique beverages, such as…
Alibaba’s Future Hangs In Balance As Shares Drop 75% From 2020 High And Cloud IPO Cancellation
The future of Alibaba Group Holding Ltd (NYSE:BABA) hangs in the balance as the company grapples with a plummeting share price and the withdrawal of its cloud unit’s IPO. What Happened: Alibaba’s …
China’s services activity expands at quickest pace in 5 months in December thanks to rise in new business
China’s Caixin/S&P Global services purchasing managers’ index (PMI) rose to 52.9 in December, up from 51.5 in November, data released on Thursday showed.
Xi Jinping’s Government Sends Mixed Signals, Leaving Investors Perplexed About China’s Foreign Business Relations
Investors’ confidence in China’s economy is waning due to the government’s unclear stance on security and the economy, resulting in a significant drop in foreign direct investment. What Happened: The …
Joyy Stuck With Unwanted China Business After $3.6 Billion Baidu Sale Collapses
Joyy’s $3.6 billion sale of its China livestreaming business to Baidu has collapsed, more than three years after the deal was first announced.
Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?
It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.
China’s top newspaper calls for government to kill crypto
China’s most influential legal newspaper, Legal Daily, published by the Chinese Communist Party’s (CCP) Central Commission for Political and Legal Affairs, has issued a clarion call for a more …
Russia’s tech imports from China soar 10x
Deliveries of China-manufactured advanced machinery such as microchips are up tenfold since the beginning of 2022, showcasing a booming bilateral trade relationship that has largely circumvented …
China state daily calls crypto a corruption channel, urges crackdown
The Chinese Communist Party publication Legal Daily has run an article calling for more measures against cryptocurrency transactions, which are already illegal in the country.
Tencent, China tech stocks dismiss sign of easing curbs on gaming
“Sentiment was hit by the share-price ‘flash crash’ of Dec 22, but the recent more conciliatory tone from China’s National Press and Publication Administration supports our view that the basic outlook …
Chinese Officials Engage in Illicit Activities, Accepting Cold Wallet Bribes Amid Crypto Ban
Chinese officials have been exposed engaging in illicit activities, accepting bribes in the form of cold wallets, despite the government’s stringent ban on cryptocurrencies.
Can China Woo Back Foreign Investors?
The Chinese government’s mixed messages are whipsawing markets and keeping foreign investors wary of investing in China. Last year, Chinese President Xi Jinping tried to woo back foreign capital while …
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