“They just want to be operating in China, which they can control.” The closures come on the heels of turmoil in the Chinese bike-sharing industry. Chinese state media once touted shared bikes as a tec……
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Recent Posts
China’s MoBike shutting some international operations
StanChart, UBS settle Hong Kong IPO misconduct case
Both banks were investigated for their roles in the 2009 IPO of China Forestry, a company that was later delisted from the Hong Kong stock exchange for accounting irregularities and put into a liquida… (…
China grounds domestic fleet of Boeing 737 Max 8 jets after Ethiopian Airlines crash: CAAC
Caijing, a state-run news outlet that covers finance and economics, said many flights scheduled to use 737 Max planes would instead use the 737-800 models. China Business News also reported on … ( read original…
China Mobile closing down 3G system, complete switch-off expected by 2020
China Mobile is expected to complete the closure of its 3G network by 2020, C114 writes, citing a notification from Fuzhou Municipal Radio Administration as confirming that the operator has started de… ( read original…
The US, China and the return of a two-bloc world
After Canada obeyed an American extradition request and arrested Meng Wanzhou, the chief financial officer of Huawei, the Chinese response was fierce. Within days, Canadian citizens were arrested in C… ( read original story …)
China Traders Who Loved Leverage Left Reeling by Friday Rout
Read more: China’s $345 Billion Stock Rout Shows Beijing’s Fear of Bubbles Financial data provider Hithink RoyalFlush Information Network Co. fell as much as 5.3 percent Monday before closing up 0.5 p… ( read original…
Ant Financial reportedly preparing to IPO on Shanghai tech board
Alibaba’s financial arm Ant Financial is reportedly preparing for an initial public offering (IPO) on China’s new Nasdaq-style equity board, said state-owned media on Monday citing a delegate from the … ( read original story…
Steep Descent Expected for China’s Biggest Property Insurer
Shares in China’s largest property insurer have started their descent back to Earth and according to analysts, it could be a prolonged and rocky journey. People’s Insurance Co. (Group) of China Ltd.’s … ( read…
Hong Kong shares end higher amid hopes for trade deal, China policy support
HSI financial sector sub-index 1 pct higher; property sector up 0.2 pct March 11 (Reuters) – Hong Kong shares rebounded on Monday after two straight sessions of losses amid cautious optimism that Chin… ( read…
China stocks rebound as cenbank eyes more easing; Hong Kong shares rise
China’s blue-chip CSI300 index was up 1.39 … have weak interest in expanding production or investment. ** But property developers bucked the broader trend to finish the morning lower after … ( read original story…
China to step up punishment for IPR violators to make them ‘go bankrupt’: official
China will increase the penalties for violators of market regulations in areas such as intellectual property rights (IPR) protection, so that violators will “go bankrupt” and “have no place to hide,” … ( read original…
Can Blockchain Technology Fix China’s Food Safety Problem?
A decade on from the 2008 tainted formula scandal, food safety remains the number one concern for China’s consumers. Could blockchain technology be the key to bringing transparency to the country’s sc… ( read original…
China’s funding for science and research to reach 2.5 per cent of GDP in 2019
China’s spending on science and research funding is set to continue rising to 2.5 per cent of its GDP this year, as the nation seeks to catch up on the technology front amid an economic…