Meta sells ads to Chinese companies but it isn’t allowed to operate its platforms in the country.
BUSINESS
U.S. arm of China mega-lender ICBC hit by ransomware attack
China’s foreign ministry said Friday that “the business systems and office systems of the head office of ICBC and other domestic and foreign branches and subsidiaries within the group are normal.” “As …
A Big EV IPO Is Coming From China
The market for global Chinese IPOs may be in the doldrums, but decent-sized listings are still in the works—especially from companies that are being carved out from already listed parents. Zeekr, the …
Explainer: Iran’s expanding oil trade with top buyer China
China’s oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions.
Nvidia will reportedly sell new chips to China that still meet U.S. rules
U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. restrictions.
China’s import expo sees record high tentative deals
Visitors taste honey from Benin at the 6th China International Import Expo (CIIE) in east China’s Shanghai, Nov. 5, 2023. [Photo/Xinhua] The sixth China International Import Expo (CIIE) saw a total of …
(CIIE) Update: China’s import expo sees record high tentative deals
The sixth China International Import Expo CIIE saw a total of 7841 billion US dollars worth of tentative deals reached for one-year purchases of …
MNI INTERVIEW: China 2024 Crude Oil Imports To Grow Marginally
China’s demand for crude oil imports will increase marginally in 2024 from this year’s 11 million bpd as economic growth firms and the government adds infrastructure stimulus, but this pose little …
An airline in China accidentally sold tickets for as little as $1.40 — and it’s honoring the deal
The glitch hit the China Southern Airlines app on Wednesday evening around 8 p.m., when Chinese social media users started saying flights to and from the Southwestern city of Chengdu were available in the 10…
Pinduoduo ranks last among China’s big e-commerce firms in sustainability, with no climate strategy revealed: Greenpeace
Taobao owner Alibaba tops the list, but a Greenpeace manager says China’s e-commerce giants ‘still don’t do enough’ and may be ‘bottlenecks for progress’.
Foreign investors eye opportunities in China’s financial opening-up
Conference of Financial Street Forum sign can be seen on Beijing streets. [Photo/VCG] BEIJING – Foreign-invested financial institutions are fixing their gaze on the Chinese market as its dedication to promoting opening-up in the financial…
China’s Zeekr reveals wider loss in US IPO paperwork, Geely shares fall
China’s Zeekr Intelligent revealed wider losses for the first half of the year on Thursday, as the electric car brand made its paperwork public for a stock market listing in New York and said it…
Ransomware attack on China’s biggest bank disrupts Treasury market trades, reports say
A financial services business of China’s biggest bank says it was it by a ransomware attack that reportedly disrupted trading in the U.S. Treasury market. A statement on its website seen Friday said …
