The founder of PDD Holdings saw his wealth swell by $13.8 billion in a year, as a slowing global economy drove more shoppers to the Chinese company’s discount e-commerce platforms Temu and Pinduoduo, …
BUSINESS
Italian car brand DR Automobiles in trouble, accused of hiding China origin details from customers
DR Automobiles has come under the investigative scanner in Italy after reports that it may have misrepresented details pertaining to origins of some of its car models. A relatively small car brand in …
Nidec shares slump over 10% on China business headwinds
Nidec shares were on track for their biggest one-day drop in nearly 15 years on Tuesday after the electric motor maker reported weaker-than-expected quarterly earnings as it faced headwinds in its automotive business in China.
Summer Capital Limited Announces Nodes Hosting on Zetrix Blockchain Network
Capital Limited (“Summer Capital”), a leading investment management and advisory firm with a presence in Hong Kong and Southeast …
What to expect from upcoming China International Import Expo
The sixth China International Import Expo (CIIE) has been well-prepared, and will provide more market, investment and growth opportunities and create synergy for common development, an official said …
China welcomes Australian PM to visit the country
China welcomes Prime Minister Anthony Albanese to visit the country at the invitation of Chinese Premier Li Qiang and his attendance at the 6th CIIE, Mao said. “A sound and stable China-Australia …
Bitmain Eyes Launch Of Mining Machines For Privacy-Centric Blockchain
China-based Bitcoin mining technology company, Bitmain looks to launch mining machines for a proof-of-work blockchain, Aleo which looks to achieve privacy using zero-knowledge proofs. Without …
Why blockchain isn’t banking’s BFF… yet
When the realms of high finance and cutting-edge tech collide, it’s nothing short of spectacular. Enter blockchain: the technology heralded as the next frontier for finance. However, despite all its …
Western Business Sours On China – Dramatically So
Increasing numbers of American and European businesspeople are getting fed up with the business environment in China.
Nouveau Monde Rallies On China’s Graphite Export Curbs
Summary China strengthens control over graphite exports, a key mineral in electric vehicle production, as part of its ongoing trade war with the US. Nouveau Monde Graphite, a North American miner, …
China’s New Graphite Restrictions
On October 20, in response to the widened U.S. semiconductor controls, China announced a new set of export restrictions on certain graphite products, which are key for EV battery manufacturing.
China imposes Export Controls on Graphite, rattling EV supply chains amid Global tensions
Graphite, a critical mineral used in electric vehicle batteries, nuclear reactors, steel refractories, and advanced manufacturing processes like graphene production, is a commodity heavily relied upon …
China’s debt crises, from developers to local governments, prompt cabinet call to curb contagion
Debt problems that have manifested in Evergrande and Country Garden cases are prompting China’s central bank to step up risk-monitoring of lenders and local government financing vehicles.