China’s three major mobile operators added 28.4 million 5G package subscribers in January taking their combined total to 757.9 million, almost half of the nation’s total mobile users. Total mobile …
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China 5G connection growth continues
Alibaba leads China tech stocks drop amid regulatory action fear
Alibaba led the decline in Chinese technology stocks following a Bloomberg report that authorities have begun another round of checks on its fintech business arm. The tech stocks have been dropping …
China asks state companies to check investments in Jack Ma’s Ant
Ant, an affiliate of Alibaba Group, has been subjected to a sweeping restructuring by China, whose initial public offering (IPO) of $37 billion, which would have been the world’s largest …
Hong Kong IPO issuers forced to accept lower valuations as geopolitical tension, coronavirus fifth wave sap investors’ demand
China’s cybersecurity review system came under the spotlight last summer after ride-hailing giant Didi Chuxing defied the wishes of Chinese regulators by going ahead with a US$4.4 billion IPO in New …
Fresh fears over Beijing regulatory crackdown drive China tech rout
SHANGHAI (Reuters) – Investor worries over the potential for a fresh wave of regulatory crackdowns by Beijing set off steep drops in Chinese tech shares on Tuesday. Chinese authorities have told state …
China’s finance ministry talks up tax breaks and spending on homegrown tech
China will cut taxes and fees on a greater scale this year, while focusing on supporting the nation’s tech development, Finance Minister Liu Kun said Tuesday. Escalating tensions with the U.S. have …
Senior Chinese officials are managing the response to Hong Kong’s Covid-19 crisis from a villa in Shenzhen
They are doing so from the Shenzhen Kylin Villa, located at the foot of a mountain in the city’s Nanshan district, which has for decades been used for official gatherings. Do you have questions about…
Blooming Flower Afternoon Tea at Sheraton Shenzhen Nanshan
From March 1-April 30 the ever stylish the Lounge at Sheraton Shenzhen Nanshan will host its Blooming Flower Afternoon Tea. Applying the shape and fragrance of flowers into bespoke afternoon tea, …
China strikes a different tone as the West condemns Russia over Ukraine
China’s envoy to the United Nations on Monday called for “all parties” to exercise restraint and avoid “fueling tensions” in Ukraine, but stopped short of condemning the Kremlin’s recognition of …
China’s Foreign Minister Wang speaks with U.S. Secretary of State Blinken about Ukraine
China’s Foreign Minister Wang Yi and U.S. Secretary of State Antony Blinken discussed tensions in Ukraine in a phone call Tuesday, according to official statements from both the U.S. and China. Just …
Commemorative coins, banknotes for Beijing 2022 gain popularity
The banknote features a watermark of Bing Dwen Dwen, the Olympic mascot. Many people waited in line for the limited edition commemorative coins and banknotes before the bank opened in Shanghai. Due to …
Crypto Platform Amber Group’s Valuation Hits $3 Billion
“Digital assets are becoming an increasingly important category to watch, especially for institutional investors,” Steven Ji, Partner of Sequoia China, commented. Amber Group, one of the …
China asks state firms to check investments in Jack Ma’s Ant – sources
Ant, an affiliate of Alibaba Group, has been subjected to a sweeping restructuring by China, whose initial public offering … on the central government relaxing its scrutiny over Ma’s business empire …
