The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle.
BUSINESS
China GDP: annual forecasts cut to below Beijing’s target due to weak exports, property crisis
China has officially forecast growth of ‘around 5 per cent’ this year, but with exports having fallen in each of the last four months and with an ongoing crisis in the property market, financial …
How booming Vietnam offers the US an alternative to China
President Joe Biden is in Vietnam for a visit intended to deepen economic ties between Washington and Hanoi as part of efforts to reduce America’s reliance on China.
China’s Alibaba sees shares tumble as outgoing CEO quits cloud business
China’s tech giant Alibaba has announced that its outgoing chief executive will also step down from its cloud business, sending the company’s shares tumbling. Alibaba shares on Monday fell by 3.5 …
China May Ban Clothes That Hurt People’s Feelings. People Are Outraged.
“China’s development and prosperity,” he wrote, “require an inclusive and relaxing social environment.” Li Yuan writes the New New World column, which focuses on the intersection of technology, …
China’s Ant Group Launches Blockchain Services Brand ‘Zan’ for Web3 Developers
Some Chinese tech giants are exploring blockchain Blockchain is the underlaying technology of cryptocurrencies Ant Group’s Zan will help Web3 developers with a range of services …
China’s Gotion To Build “Historic” $2 Billion EV Battery Plant In Illinois
Chinese EV battery maker Gotion has picked Illinois as the site of a new $2 billion EV lithium battery plant in the United States, the Midwestern state’s governor JB Pritzker announced with Gotion on Friday.
Death and debt in China: how a ‘half-baked’ bankruptcy law offers few individuals a fresh start
China’s southern metropolis of Shenzhen is the only mainland city where individuals can apply for bankruptcy, but it’s not easy, as authorities seem to frown on debt forgiveness.
Biden says China’s economic woes make Taiwan invasion less likely
President Joe Biden said that China’s economic challenges have taken a toll and make it less likely to consider an invasion of Taiwan to force its unification with the mainland.
Taiwan Envoy Sees ‘Alarming’ Signs in China’s Economic Slowdown
China’s economy is showing clear signs of a slowdown that will have an inevitable spillover to the region, according to Taiwan’s top emissary to the US.“There are some alarming indications and we are …
The China Agenda for September 10 to 17 — ARM IPO and hearing on ‘China’s threat to U.S. financial stability’
This is the agenda for China’s diplomatic, political, finance, and business affairs for the week September 10–17.
China must go radical to restore confidence in its economy
Setting up a special bureau to look over business owners’ shoulders misses the mark Beijing needs to stop harassing private firms, rethink its anti-corruption drive and trim the bureaucracy – nothing …
China’s EV makers pare prices further pursuing lofty sales goals, but analysts say the cuts will end soon
Amid frantic competition, makers have reduced prices again to lure buyers, but the cuts could be the last for a while as sales are already strong and margins are thin, according to analysts.