Jiangning, a district in China’s Nanjing city, released a metaverse plan on Saturday that includes training thousands of professionals for the industry.
BUSINESS
Nio said not to join China’s EV price war. Now it’s cutting $4K across all models
Nio, one of China’s homegrown Tesla challengers, has slashed the prices of all its models by 30,000 yuan ($4,200), the NYSE-listed premium electric vehicle upstart announced on Monday. The news came …
Is doing business in China becoming impossible for foreigners?
The space for foreigners doing business in China was already being constrained by restrictions that their own governments, led by America’s, have placed on Chinese companies amid rising geopolitical …
What one key business indicator is saying about China’s consumer recovery
Businesses in China are spending cautiously on advertising this year as local consumption isn’t expected to bounce back for a while yet.
China IPOs are uncoupling from Wall Street too
China’s primary capital market has never been strongly connected to local economic performance thanks to Beijing’s micromanagement of initial public offerings. Increasingly it is detaching from Wall …
WeWork’s minority-owned China unit eyes Hong Kong expansion on back of demand from Web3 and crypto firms, mainland border reopening
There are many opportunities in Hong Kong, especially since the border with mainland China reopened in January, WeWork Greater China vice-president says Firm is seeing demand from Hong Kong’s booming …
China Ices International Banks from its IPO Market
The commercial cold war with China isn’t limited to technology. China’s stock market has seen 109 initial public offerings so far this …
Lucid Takes Aim at China’s EV Market with Plans to Sell Imported Cars and Locally Manufactured Vehicles
US luxury EV manufacturer Lucid plans to enter China’s auto market, considering local production to reduce costs.
China’s largest marine theme park operator banks on Japanese anime to lure local tourists post-Covid
A new themed area at the Shanghai Haichang Ocean Park, based on the Japanese animated series One Piece, forms part of the company’s new strategy focusing on foreign IPs.
China’s Spy Base In Cuba: Biden Administration Sheds Light On Global Intelligence Expansion
Also Read: Biden Proposes Tax On Crypto Mining Due To ‘Harms They Impose On Society’ On Saturday, the White House said the Biden administration was initially informed of China’s ambition to enlarge …
5 things to know about crypto coming week: SEC takes on Ripple
Given the continuing recessionary fears, economic information from China will also need to be considered. The dial will be moved on June 15 by industrial production and retail sales data. The crypto …
China’s Chongqing opens faster import route for Thai durians
Southwest China’s Chongqing on Sunday welcomed the first direct cold-chain train of Thai durians that reached the megacity via the New International Land-Sea Trade Corridor. The 150,000 durians from …
Foreign banks shut out of lucrative China IPOs
An air of gloom surrounds the once vigorous involvement of foreign banks in mainland China’s Initial Public Offerings (IPOs). Current figures reveal a low unmatched since 2009, signaling a relentless …