China is tightening rules and imposing capital demands on sprawling … The new regulations will require licenses for non-financial companies that do business across at least two financial sectors, … ( read original story …)
BUSINESS
From open arms to full bans: The latest on crypto regulation in Asia
A look at the legal status of crypto in Asia, where new crypto hubs are emerging and thriving despite uneven regulation. ( read original story …)
US Brands Chinese Curbs On American Diplomats ‘Escalation’
The US on Saturday called a decision by Beijing to impose restrictions on all American diplomats on Chinese soil an “escalation,” the latest rebuke in an ongoing tit-for-tat dispute over foreign … ( read original…
China would rather see TikTok banned than sold to US company
The popular video platform’s Beijing-based parent company, ByteDance, for the past month has been in discussions to sell its US business after President Trump … believing it would make both … ( read original story…
Trump’s WeChat ban endangers US businesses in China
A ban on widely-used mobile payment app WeChat would cut off a vital revenue stream for U.S. companies operating in China. ( read original story …)
Bloomberg New Economy: Fund Managers Are Rushing Into China
America’s largest fund managers are leading a new gold rush into China. Even as the U.S. president calls for American companies to pull out of the country, the likes of BlackRock and Vanguard are ……
China may kill TikTok’s US operations rather than see them sold
The controversial push to force Chinese tech unicorn ByteDance to divest part or all of its smash-hit TikTok social media service to a U.S.-based company could be in doubt after a report today … (…
China would rather see TikTok U.S. close than a forced sale – sources
Beijing opposes a forced sale of TikTok’s U.S. operations by its Chinese owner ByteDance, and would prefer to see the short video app shut down in the United States, three people with direct knowledge ……
China opposes a forced sale of TikTok’s US business by ByteDance, would rather see it shut: Report
ByteDance has been in talks to sell TikTok’s US business to potential buyers including Microsoft … However, Chinese officials believe a forced sale would make both ByteDance and China appear weak in … ( read…
China officials don’t agree with selling TikTok to a US business, would make China look weak
We’re closing in on the deadline of September 15, which is when the Trump Administration’s executive order will supposedly censor ban TikTok in the US due to unproven security concerns expressed by … ( read…
China may kill TikTok’s U.S. operations rather than see them sold
The controversial push to force Chinese tech unicorn ByteDance to divest part or all of its smash-hit TikTok social media service to a US-based company could be in doubt after a report today indicated ……
Luxury Brands Face a Different Economic Crisis — and China — From 2009
For luxury brands, China is no longer a market for dumping unpopular inventory or lazily opening new stores and hoping for the best. ( read original story …)
Is crypto mining really moving to North America?
Rumors that crypto mining is leaving China have been around since 2018. In August, Barry Silbert made a $100 million bet to make it happen. ( read original story …)