Guotai Junan wins SFC approval for crypto trading as Hong Kong launches the LEAP framework. Shares surged 470% before falling to €0.35 today.
BUSINESS
OpenAI fingers Beijing-backed Zhipu AI as strong contender despite US ban
Banned in the US, but backed at home, Zhipu AI has been dubbed one of China’s “AI tigers” by local outlets since it burst onto the scene in 2019. Now, it has caught the attention…
China’s Digital Currency, Explained
China’s moving to programmable digital money. With full government control, real-time tracking, and instant payments, the e-CNY could change the economy, both in China and globally. Here’s everything …
China’s LNG Imports Continue Eight-Month Decline
China’s LNG imports have weakened for the eighth consecutive month in June, driven by factors like rising pipeline gas, domestic production, and mild winter, which is set to result in the first annual …
Chinese brands are sweeping the world. Good
And Pop Mart, a Chinese toymaker, has created a buzz worthy of Disney around its strange grinning (or are they grimacing?) nine-toothed dolls, called Labubus. Fans include Rihanna, a pop star, and Sir …
Guotai Junan Shares Jump 200% After Securing Hong Kong Crypto Trading License
Shares of Guotai Junan surged nearly 200% after the Hong Kong-listed brokerage secured approval to offer crypto trading services.
Exclusive: China Is Still Slow-Walking Rare-Earth Exports
Western companies are struggling to secure approvals for rare-earth imports from Chinese authorities, two weeks after China promised the U.S. it would ease their export. Companies see the challenges …
‘China testing economic sanctions’: Ex-Foreign Secretary as Beijing blocks specialty fertilisers export to India
China has been restricting suppliers of specialty fertilisers to India for the last four-five years. However, this time it is a complete halt, says Rajib Chakraborty, President of the Soluble Fertiliz …
China’s fintech giant Ant doubles down on health care with new AI app — and it wants it to go global
Alibaba-affiliate Ant Group is doubling down on health care with a new app, based on artificial intelligence tech that it says could be rolled out overseas.
China’s durian imports plunge as stricter checks catch out traders
Imports fell by nearly one-third during the first five months of the year, with Vietnamese exporters hit hardest.
China AI chip firm Biren raises new funds, plans Hong Kong IPO, say sources
BEIJING (Reuters) -Chinese AI chip startup Biren Technology has raised about 1.5 billion yuan ($207 million) in fresh funding and is preparing for a Hong Kong initial public offering, people familiar …
Are China beverage chains worth investing in?
Chinese beverage chains such as Mixue and Chagee have rapidly expanded their businesses overseas while targeting distinct market segments domestically …
China Is Still Choking Exports of Rare Earths Despite Pact With U.S.
Western companies are struggling to secure approvals for rare-earth imports from Chinese authorities, despite the U.S.-China deal.
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