HONG KONG (June 22): Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around US$10 billion into mobile carrier China Unicom, sources said, part of efforts…
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China Unicom counts Alibaba, Tencent among investors in drive to raise US$10 bil — sources
China Unicom counts Alibaba, Tencent among investors in drive to raise US$10b
HONG KONG: Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around US$10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing…
China’s top banking regulator tells banks to push forward with reform
BEIJING China’s top banking regulator has told banks to reform by tackling China’s “zombie firms”, control regional housing market bubbles and push forward with debt to equity swaps, according to a statement posted on the…
Billionaires in China lose their fortunes in IPO frenzy
BEIJING • It took just three weeks for Mr Ding Lieming to … their billionaire status amid swings in the country’s initial public offerings (IPOs). The IPO booms and busts, fuelled by a mix of…
Miniature crossbow craze causes alarm for parents in China
BEIJING — Powerful mini-crossbows that shoot toothpicks and needles are the new must-have toy for schoolkids across China — and a nightmare for concerned parents and school officials. Several cities including Shenzhen and Qingdao have…
China’s domestic car brands start to shine as SUVs set to drive growth
After weighing his options, Guangdong resident Zhihao Huang, 28, decided to go for the GAC Trumpchi instead of a Honda Accord in February. For slightly over 210,000 yuan (US$30,730), he thought GAC’s flagship sport utility…
Billionaire fortunes suddenly vanish in China IPO frenzy
An investor reacts as he looks at screens showing stock market movements at a securities company in Beijing. The IPO booms and busts, fuelled by a mix of government intervention and unbridled speculation, are becoming…
China cracks down on latest fad toy: toothpick crossbows
Parents’ worries aren’t unfounded. A 10-year-old in Xinjiang, west China was hurt by a toothpick crossbow in his right eye last Sunday, resulting in an irreversible eyesight loss, reports the local Urumqi Evening News. Easy…
China’s authorities tighten noose around online video content
China’s internet shares tumbled after news of the unusually harsh clamp down spread, with Weibo Corp’s down 6.1 percent, while SINA Corp, which has a stake in Weibo, fell 4.8 percent. That amounted to a…
China’s Central Bank Has Begun Cautiously Testing a Digital Currency
China’s digital currency is designed to avoid this problem. In a paper published in Tsinghua Financial Review, an academic journal, and posted online recently, Yao Qian, deputy director of the Technology Department of the People’s…
China tightens online video controls, jolting investors
In January, the government announced the launch of a 14-month crackdown on cloud-hosting and content-delivery services. The technology ministry said it forbids use of virtual private networks and leased lines to circumvent government filters and…
China’s road-straddling bus bites the dust
according to China News. A local government official told CNN she didn’t know who was in charge of tearing up the tracks. She said her office has been unable to contact TEB Technology, the company…
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