Foreign Policy spoke to 36 US officials, who said China forcing its firms to process stolen data represents the “commercial wing of the party.” … ( read original story …)
BUSINESS
China Begins Anti-monopoly Investigation Into Alibaba
China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, heaping further pressure on the e-commerce giant and sending its share price tumbling. Regulators will also … ( read original story …)
Bit Digital: Crypto Miner Benefiting From The Bitcoin Bull Market
Summary Bit Digital has quickly transformed into a major player among crypto mining stocks … mining machines across facilities in China and the U.S. If you’re not familiar with BTBT, this … ( read original…
China Is on Track to Become the World’s Biggest Luxury Market By 2025
China’s role in the global luxury sector just got a whole lot bigger. As the Covid pandemic continues to cause economic strife around the world, China’s severe lockdown and rapid turnaround have … ( read…
Comment: Brands can take steps to stamp out China’s ‘slave’ cotton
Last week, the BBC documented the forced labour of Uyghur people in the cotton industry of the Xinjiang region of west China, where many are being moved … ( read original story …)
China reportedly demanded that big Chinese tech companies like Alibaba and Tencent process stolen US data for the nation’s top spies
Foreign Policy spoke to 36 US officials, who said China forcing its firms to process stolen data represents the “commercial wing of the party.” … ( read original story …)
In China, Online Grocery Shopping Gets Political
China’s internet giants have been fighting hard for grocery shoppers this year. The market has a lot of potential but, ominously, the government is getting involved. ( read original story …)
Recession, oil, fintech, crypto, China and GCC economies in 2021 and beyond
LinkedIn’s 21 Big Ideas that will change the world and the GCC in 2021 included a look at how synchronous global shutdowns as the pandemic proliferated led to conditions that now expose an underlying ……
It’s Possible China Will Lead on Crypto If U.S. Does Not
Even casual viewers of cable news are familiar with commercials featuring actor William Devane – usually golfing or horseback riding – exhorting them to invest in precious metals. Lately, … ( read original story …)
China’s Kuaishou and Motion Magic Take Further Steps Towards IPOs
Chinese social media firm Kuaishou and post-production and VFX company Motion Magic Digital Entertainment have both taken further steps towards initial listing of their shares. Kuaishou, which may … ( read original story …)
China extends stimulus measures for small businesses — a sign the recovery is not yet complete
The Chinese government said Tuesday that two measures for supporting growth in the wake of the pandemic would be extended further into next year. ( read original story …)
XCMG Named as One of the World’s 500 Most Influential Brands, Shares Green Recovery Experience
PRNewswire/ — XCMG (000425.SZ), one of the world’s top construction machinery manufacturers, has been named one of … ( read original story …)
China stocks rise on policy support; EV shares lead gains
China shares rose on Wednesday, led by gains in manufacturers and suppliers of electric vehicles, as investors were assured that policymakers would avoid sudden policy tightening in 2021 to support an … ( read original…
