When people in the US or Europe think of crowdfunding and medical expenses, sites like GoFundMe, where people fundraise around specific predicaments, come to mind. Waterdrop, which goes by Shuidihuzhu … ( read original story…
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Super Micro co-founder engaged in backdoor scheme to divert Nvidia chips to China, US government says
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China’s Waterdrop nabs $230M for its crowdfunded, mutual aid insurance platform
China’s Alibaba Beats Quarterly Revenue, Profit Estimates
China’s Alibaba Group Holding Ltd beat quarterly revenue and profit estimates on Thursday as its core commerce and cloud computing businesses benefited from a shift to online shopping and working from … ( read original…
Local officials in Wuhan, China, withheld information from Beijing on the threat of the coronavirus, US intel reportedly finds
The Trump administration has accused China’s government of covering up the virus, but US intel is said to have found nuances as the outbreak unfolded. ( read original story …)
China Blockchain Technology Market 2020-2023 / Growth, Emerging Trends, And Forecast
China is leading global blockchain patent applications. Digitally-minded opportunists are the breakthrough of blockchain in China. The local governments of China are looking forward to working with … ( read original story …)
Data Sheet on Global Blockchain Technology Market 2020-2023 / Industry Growth, Current Trends and Forecast
Increasing applications in sectors like Banking and Financial Services, Healthcare, Supply Chain Management, Energy, … ( read original story …)
Chinese insurance tech firm Waterdrop raises $230 million, plans U.S. IPO
The sources could not be named due to confidentiality constraints. Founded in 2016, Beijing-headquartered Waterdrop distributes insurance policies online via Waterdrop Insurance Mall, provides … ( read original story …)
Does China want Trump or Biden in the White House? It’s complicated.
As Democrats rally support for their nominee, opinions are divided in Beijing on whether the incumbent or the challenger would present more of an opportunity for China. ( read original story …)
China’s Outstanding Loans to Small Businesses up 27.5% Year-On-Year by End-July
Interest rates on those loans averaged 5.27% in July, 0.91 percentage points lower than a year ago, the People’s Bank of China said in … personal finance, careers, investing, real estate and … ( read…
China’s July new stock accounts more than double to 2.43 million as traders continue their headlong dive into market to sustain rally
The Chinese population is continuing its headlong plunge into the stock market, a second monthly surge that sustains the momentum behind one of the world’s best-performing major benchmarks this … ( read original story …)
UPDATE 1-China’s top court slashes maximum legal private lending rate
China’s Supreme People’s Court on Thursday slashed the upper limit on private loan interest rates that will be protected by law, in a move to crack down on usurious loans and lower the borrowing costs…
Australia government may block China Mengniu’s milk brands deal – media
Australia’s government may block China Mengniu Dairy Co Ltd’s purchase of some of the country’s best-known milk brands, the Australian Financial Review reported on Thursday, citing unidentified … ( read original story …)
GM bets on EVs, new tech to reverse China slide
General Motors is overhauling its Chinese lineup with a greater emphasis on electric vehicles and smart-driving technology to stem a slide in sales after more than two decades of growth in a country … (…
China, U.S. to hold trade talks in coming days: China commerce ministry
China and the United States have agreed to hold trade talks “in the coming days” to evaluate the progress made on their Phase 1 trade deal at the six-month mark after it was reached in…
