JD’s management reshuffle comes amid sweeping changes taking place across Chinese technology giants, including at rival Alibaba.
BUSINESS
China Exports More Cars Than Japan on Sales Surge to Russia
China sold more cars abroad than any other nation in the first quarter in part because of a sales jump to customers in Russia.
China crypto narrative is alive as HSBC supports trade in Bitcoin and Ethereum Futures ETF in Hong Kong
Hong Kong and Shanghai Banking Corporation (HSBC) is the largest bank in China’s SAR. According to a report by Chinese journalist Colin Wu, Hong Kong’s largest bank has reportedly rolled out crypto …
How could the Chinese economic crisis impact Bitcoin and crypto?
Marcel Pechman explains how China’s economic weakness and Turkey’s interest rate hikes could impact the cryptocurrency market.
Hong Kong’s largest bank now offers crypto services
Earlier this month, the Hong Kong Monetary Authority (HKMA) encouraged HSBC, Standard Chartered, and the Bank of China to extend their services to additional crypto exchanges. Conventional banking …
China’s price war favours the cars Beijing is trying to phase out
A DANGEROUS cocktail of intensifying competition, weak consumer spending and sluggish car sales has led to a slew of price cuts in China only extending and deepening – and electric vehicles aren’t …
French Desire For EU Protection From China’s Electric Cars Irks Germany
France and Germany disagree over China’s plan to sell a million electric cars in Europe. Germany fears action may harm its China business. The EU may investigate dumping.
Chinese Nationals Arrested in Libya for Running Covert Crypto Mining Operation
This incident of Chinese nationals arrested in Libya highlights the global reach and underground nature of cryptocurrency operations.
Patriotism expels Korean brands in China
Korean products must attain quality innovation to overwhelm Chinese products, and the government must help prevent external influence through stable management of Korea-China relationship.
China’s biggest IPO in years poses $9bn question for western banks
The freeze-out has been especially harsh for US banks, which have failed to nab spots on a single mainland Chinese IPO in 2023, despite a total of $26bn being raised this year. If successful, the…
Doing business in China is getting harder, European companies say
For China to turn the tide and allow European companies to develop and contribute to their full potential, we really need to see concrete action.” In May, the EU Chamber reported that European …
Trump’s Trade Chief Proposes New Tariffs on All Chinese Imports
The architect of Washington’s trade war with China said the US needs to unilaterally raise tariffs on all Chinese imports in order to limit economic ties with America’s biggest adversary.
50 Chinese nationals detained in Libya for crypto mining
The issue of crypto mining is not unique to Libya. Many countries worldwide, including China—once a global leader in producing virtual currencies—have banned crypto mining. Since June 2021, China has …