Chinese technology firm NetEase has put a pin in its $1bn Hong Kong listing for its music streaming service Cloud Village due to recent volatility in the tech market, according to reports.
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NetEase unit Cloud Village pauses Hong Kong IPO as China’s antitrust scrutiny weighs on internet firms’ fundraising plans
The operator of NetEase Cloud Music originally planned to raise as much as US$1 billion, after winning the Hong Kong stock exchange’s approval, the Post had previously reported. Cloud Village’s …
China sues Tencent over WeChat Youth Mode
Beijing prosecutors have filed a civil legal action against Tencent over claims its messaging-app WeChat’s Youth Mode does not comply with laws protecting minors. Youth Mode prevents younger users …
China’s exports are doing ‘reasonably well’ despite slowdown in growth in July, professor says
Michael Pettis of Peking University explained that the pandemic has distorted year-over-year economic data due to “enormous base effects.” …
China goes from Driver to Brake for crude oil, iron ore and copper
China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data …
China Telecom eyes 2021’s biggest IPO to raise $8.4B
Months after being delisted in the United States amid Washington’s stand-off with Beijing, China Telecom could raise more than $8 billion in a …
China warned against living with Covid-19
Former health minister Gao Qiang advocates continuing with elimination goal, including against the Delta variant.
E China’s Yangzhou enforces strict COVID-19 containment curbs E China’s Yangzhou enforces strict COVID-19 containment curbs
Zhang Cansong used to work at a restaurant. But now he helps east China’s Yangzhou City fight COVID-19 as a community volunteer.
COVID-19 lab-leak theory: Gain-of-function is a hot topic, but a bad explanation
By then, Fauci had already become a pandemic bogeyman for the American right, in part for undercutting former President Donald Trump’s rosy assessments of the COVID-19 situation and also for …
China’s Summer of Stock Market Turbulence: A Timeline
China’s overhaul of tutoring companies ignited a volatile few weeks for stock markets both onshore and in Hong Kong, leaving investors on edge. After steep losses, traders are looking out for what …
Delta variant broke down Australia and China’s defenses. Does it spell the end of the zero Covid strategy?
A few months ago, some Asia Pacific countries seemed smug about containing Covid-19. The contagious delta variant has broken down their defenses — and shown coronavirus isn’t something that can be …
A rape allegation at China’s Alibaba spurs furor over sexual assault, binge drinking
The incident is the latest in a string of high-profile cases that have roiled the Chinese public and boosted a fledgling #MeToo movement.
China’s antitrust regulator to fine Meituan about $1 bln -WSJ
China’s antitrust regulator is preparing to impose a fine of about $1 billion on Meituan (3690.HK) for allegedly abusing its dominant market position, the Wall Street Journal reported on Friday, …
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