In a week, Chinese ride-hailing giant Didi Chuxing went from being a US tech darling to the face of news stage in Beijing’s tech crackdown.
BUSINESS
Didi Announces Takedown of Additional Apps in China
DiDi Global Inc. (“Didi” or the “Company”) (NYSE: DIDI), the world’s leading mobility technology platform, today announced that: According to the anno …
China’s planned RRR cut lifts financial market, export outlook
China’s planned cut to the required reserve ratio (RRR) lifted financial markets on Monday and is expected to boost Chinese export in the second half of the year and help boost the economy of …
China will tighten data privacy rules for tech companies seeking foreign investment
China is tightening restrictions on businesses seeking to go public overseas amid a wave of Chinese origin IPOs in the US. Regulators have thrown down the gauntlet for local companies by announcing …
China’s STAR Market Set to Shine with Syngenta IPO
The listing would be the largest offering in the history of the Shanghai Stock Exchange Science and Technology Innovation Board, commonly referred to as the STAR market, and could help the market …
OK Group to Work With Nanjing Police on Anti-Money Laundering Blockchain
OK Group is to work with police authorities in Nanjing to research the use of blockchain in anti-money laundering operations.
Bytedance shelves IPO due to Beijing’s national security concerns: WSJ
CNBC’s Eunice Yoon breaks down a report from the Wall Street Journal about Bytedance shelving its IPO plans due to Beijing’s national security concerns.
Didi won’t be last IPO to pursue New York listing, but China’s cybersecurity review closes loopholes
In the field of data security, China is learning from Washington and responding. China’s threshold for reviewing any tech IPO with data from over one million, for example, is a direct copy from the …
‘Copycats no more,’ China accelerates development in hi-tech: report ‘Copycats no more,’ China accelerates development in hi-tech: report
China has in recent years enhanced investment in research and development (R&D), shedding its reputation as a hub for “copycat manufacturing” and making it an attractive location for tech startups …
Blockchain key to cross-border small business: AntChain executive
AntChain’s solutions are already seeing wide global adoption, from cross-border trade, to artwork and food authentication, to the sporting world.
Why Western Luxury Brands Must Catch Up to the New China Playbook
Western luxury brands have increased their China presence, but there will be more catching up for them to do once Chinese Gen-Z consumers fully emerge.
TikTok owner ByteDance shelved IPO plans after warning from China
ByteDance Ltd., the Chinese owner of popular short-video app TikTok, put on hold indefinitely its intentions to list offshore earlier this year …
China tightens cybersecurity review on overseas IPOs
Proposed revisions to China’s cybersecurity review process would require companies that control data of more than 1 million users to seek regulatory permission before filing for IPOs overseas.
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