The Treasury Department imposed sanctions on a powerful government entity that runs companies and farms in the Xinjiang region, where officials carry out the mass internment of Muslims. ( read original story …)
FINANCE
U.S. set to unveil crackdown on China’s ByteDance over TikTok: sources
The United States is preparing to take action against China’s ByteDance over concerns that its ownership of TikTok jeopardizes the security of the personal data that the popular short video app … ( read original…
Beijing watchdogs to punish Luckin Coffee, related firms after confirming US$300 million accounting fraud
Announcement from two regulators places the beleaguered Luckin Coffee in the spotlight again after the US$300 million scandal led to its delisting from Nasdaq. ( read original story …)
Sands China: A Long Road To Recovery
Sands China was loss-making in 2Q 2020, which was not unexpected considering the negative impact of COVID-19 and travel restrictions on the Macau gaming industry. ( read original story …)
Apple sees China earnings growth after pandemic
Apple has revealed $9.329 billion sales in the greater China region, making a small increase over the same period last year. During its legally-mandated third quarter 2020 financial call … ( read original story …)
TikTok owner ByteDance considers listing China business in Hong Kong or Shanghai, sources say
Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar with the matter told Reuters. ( read original story …)
CORRECTED-China says to penalise Luckin Coffee for accounting fraud
China’s Ministry of Finance will impose administrative penalties on Luckin Coffee after it confirmed an accounting fraud that forced the onetime market player to delist from NASDAQ. The ministry … ( read original story …)
Exclusive: China’s central bank urges antitrust probe into Alipay, WeChat Pay – sources
China’s top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions … (…
Anti-China sentiment in US at ‘historic high’, Pew Research survey finds, amid friction over trade, coronavirus and human rights
Americans’ negative views toward China have reached a “new historic high” amid the coronavirus pandemic, according to a report published by the Pew Research Centre on Thursday.”Around three-quarters ( … ( read original story …)
China says to penalise Luckin Coffee for accounting fraud
China’s Ministry of Finance will impose administrative penalties on Luckin Coffee after it confirmed an accounting fraud that forced the onetime market player to delist from NASDAQ. ( read original story …)
Exclusive: Urged on by central bank, China weighs antitrust probe into Alipay, WeChat Pay – sources
China’s top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions … (…
China stocks post biggest monthly rise in 17 months amid coronavirus uncertainty
China stocks closed higher on Friday in choppy trading amid uncertainties in coronavirus resurgence, while liquidity and retail investor enthusiasm fuelled the main indexes to post the biggest monthly … ( read original story …)
London’s Newest Ghost Town Was Financed by China
Therefore the tension between China and the U.K. definitely brought risks to our project here.” Not just Xu’s project. U.K. real estate investors, already facing a deadly virus that’s threatened rent … ( read original…
