Chinese ride-hailing giant Didi Global on Thursday reported a $4.7 billion loss in the third quarter, as its revenues plummeted because of a regulatory crackdown by Beijing.
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China’s troubled ride-hailing giant Didi reports $4.7 bn Q3 loss
China’s Dec factory activity likely flat – Reuters poll
China’s factory activity likely neither grew nor shrunk in December, a Reuters poll showed, amid disruptions from COVID-19 outbreaks and as the economy lost momentum in the fourth quarter. The …
Crypto mining reportedly rises in Thailand due to Chinese crypto ban
Retail cryptocurrency mining in Thailand has apparently received a boost due to the capitulation of Chinese miners triggered by the country’s new crypto mega ban enforced in September. Thai entreprene …
China to allow foreign automakers full ownership of brands from next week
The world’s largest automotive market will end a 28-year-old policy, allowing foreign automakers to have full control of their operations without the need …
Didi Global reports widening losses as Beijing restrictions bite
Ride-hailing firm’s operating losses hit $6.3bn as Chinese regulators pursue customer-data inquiry …
Roundup: Digital economy to play spearhead role in China-Singapore economic cooperation
China’s application would enormously enhance the global attention towards digital economy and help maintain and strengthen its competitiveness in this field, said Pang Yan, co-director of the Business …
Reporter looks back at China’s fight against COVID-19 in 2021
As COVID-19 spreads and mutates, China has continued to work to control the virus within its borders in 2021. CGTN’s Liu Jiaxin has closely followed China’s epidemic control strategy and efforts this …
Huawei and SMIC are rumored to build a fab in Shenzhen
Under U.S. sanctions, the development of Huawei’s semiconductor business is down, especially the inability to manufacture chips. The industry recently reported that Huawei intends to …
China Says CICC Failed Its Due Diligence on Lenovo’s Proposed Shanghai Listing
By Yifan Wang China’s securities regulator said China International Capital Corp. had failed to conduct proper due diligence during Lenovo Group …
Mild Upside Seen For China Stock Market
The China stock market headed south again on Wednesday, one day after ending the two-day losing streak in which it had slumped more than 25 points or 0.7 percent. The Shanghai Composite Index now …
China Sees ‘Unprecedented’ Difficulty in Stabilizing 2022 Trade
Outlook for trade is less certain, as overseas appetite for China goods is set to weaken if global economic recovery loses steam.
China issues 1st white paper on export controls, lambasts US abuses
China issues 1st white paper on export controls, lambasts US abuses. Global Times. Move highlights nation’s stance on global cooperation, against bullying tactics. By GT staff rep …
China’s Covid-19 lockdown in Xi’an hits chipmakers Samsung, Micron
Two of the world’s biggest chipmakers are warning that Covid-19 outbreaks and stringent lockdowns in a major Chinese industrial hub are hampering their operations.