The European Union is looking to strengthen its hand against the growing economic threat posed by China, with new powers targeted at foreign state-owned companies.
BUSINESS
China auto industry body launches data platform for smart cars
China’s top auto industry body China Association of Automobile Manufacturers (CAAM) said on Wednesday that it has launched an auto data storage platform, using blockchain technology, for smart cars.
China Is Probing Ant’s Speedy Listing Process After Halting IPO
Chinese authorities are probing the speed with which Ant Group Co.’s ill-fated listing was approved, according to people familiar with the matter.
China’s Huawei Says Sales Down 16.5% Amid US Sanctions
Embattled Chinese tech giant Huawei says its revenue fell in the first quarter of 2021 after it sold its lower-priced Honor smartphone brand but profitability improved.
Starbucks faces more competition from local beverage brands in China, its biggest market outside the U.S.
Entry of new competitors to the specialty coffee market in China” was one of the business risks Starbucks listed in its annual report filed in November. BEIJING — Investors in China are stepping up …
China Brand Day events to kick off in May to boost consumption
The 2021 China Brand Day events will be held from May 10 to 12 as the country seeks to boost domestic brands and spur consumption. The events will be held both online and offline on…
China to improve county business systems, streamline IPR-related administration
China will strengthen the building of county-level business systems and introduce new measures to streamline administration in the field of intellectual property rights (IPR), a State Council …
China Regulating Tech Won’t Choke 10 Trillion Yuan Business
The Chinese government’s scrutiny of internet companies should be positive for online commerce — and consumption more broadly — over the longer term. Curbing monopolies now may be painful for the …
Finding Wealth In China’s “Time Machines”: 2021 Forbes Midas List’s Jing Hong
The other is what Hong calls a “reverse time machine” – a China that is forward-looking and full of innovation. “What makes us more excited is the reverse time machine and innovation originally from …
A ‘tidal wave’ of Chinese companies rush into the red-hot IPO market in the U.S.
In China’s start-up world, the rich are getting richer as investors and companies clamor for a piece of the hot U.S. IPO market — before it loses steam.
Nigeria now our biggest market –Crypto trading platform
Paxful, a global peer-to-peer fintech, has said Nigeria is now its biggest market with a volume of $1.5bn. It disclosed this on Tuesday in a statement, titled ‘Nigeria emerges as Paxful’s biggest …
China Probes State Officials Over Ant’s Public Offering Approval Process
Beijing is launching an intensifying crackdown over how tech billionaire Jack Ma originally won approval for an initial public offering (IPO) in China.
China’s Imports of Commodities Drive a Boom in Dry-Bulk Shipping
The cost of moving goods like iron, coal and corn jumped to a 10-year high this week in a sharp rebound from last year’s industrial downturn.
