China’s e-commerce pioneer Alibaba Group Holding Ltd. decided to postpone the transaction because of poor market conditions.
Featured Posts Title
Explainer – Russia, China, Taiwan and Japan’s World War Two legacy dispute
Shifting US alliances push rivals China and India together
China’s wealthy brace for a widening tax net as Beijing closes in
Explainer-how China’s oil majors helped Beijing prepare for an energy crisis
In a Club of Emerging Powers, China and India Vie for Influence
China-Philippines tensions simmer after Beijing rebukes Manila over Seoul clash
Night view of Shougang Park in Beijing
Recent Posts
Alibaba scraps Cainiao IPO plans, proposes acquisition: ‘Poor market conditions’
China’s industrial profits rise 10.2% in Jan-Feb
China’s industrial firms posted higher profits in the opening months of the year, official data showed on Wednesday, suggesting an economic recovery was gaining momentum despite persistent …
China ‘Very Close’ to Ending Australia Wine Tariffs, Business Chief Says
The Chinese government is “very close” to lifting the heavy tariffs on Australian wine imports, a business lobby said, while tempering expectations about all producers returning to the market after …
European flying car technology sold to China
The tech behind a flying car, originally developed and successfully test-flown in Europe, has been bought by a Chinese firm. Powered by a BMW engine and normal fuel, the AirCar flew for 35 minutes …
Apple iPhone shipments in China fell 33% in February, state data show
It extends a slump in demand for the iPhone in its most important overseas market. Read more at straitstimes.com.
China’s Xi to meet foreign business leaders amid jitters over economy
Last year, foreign direct investment in China fell 8 percent as companies scaled back operations … also made some firms question whether they are truly welcome, while the COVID-19 pandemic drew …
More Chinese Companies to Be Added to U.S. Import Ban List
A list of companies banned over forced labor concerns is expected to grow in the next few months, says Laura Murphy, a Homeland Security adviser.
Alibaba scraps logistics arm’s IPO after market turmoil worsens
It’s the second time Alibaba has nixed a high-profile debut for one of its main businesses. Read more at straitstimes.com.
IPOs Still Face a High Bar, Despite Upbeat Debuts
Startup CEOs are feeling practically poetic after watching Reddit and Astera Labs trade up following their public debuts in recent days. It feels like “the sun peeking through the clouds after a long …
China’s UK Hacking Hardens Cold War Battle Lines
Conservative MP Tim Loughton, former Conservative leader, Iain Duncan Smith and SNP’s former defense spokesman Stewart McDonald from the Inter-Parliamentary Alliance on China, hold a press conference …
China, battling low birth rates and high costs, encourages frugal nuptials
YOUNG couples in China planning “simple” weddings, rather than traditional banquets with hundreds of guests, was one of the top hits online after an article urging more frugal nuptials was published …
Crypto miner, Pennsylvania hit with lawsuit over pollution from bitcoin mine
An environmental community group on Tuesday sued Stronghold Digital Mining Inc , claiming the company’s bitcoin mine in northeastern Pennsylvania that burns waste coal and old tires for energy is …
Scotland and its crypto laundering schemes – A tale
Forget the misty lochs and rugged highlands usually associated with Scotland. Let’s dive into a swampier terrain, where the only dragons lurking are digital, …
