Public chain startup Conflux, backed by Huobi and Sequoia, has received a $5 million research grant from the Chinese government. ( read original story …)
Tagged By beijing
Jack Ma vs Xi Jinping: the future of private business in China
In a series of calls and meetings with Jack Ma, Ant’s founder, bank executives and regulatory officials demanded that its Yu’E Bao fund be reined in. “Yu’E Bao was pulling a lot of money from…
Exclusive: China plans further Hong Kong crackdown after mass arrest – sources
The arrest of more than 50 democrats in Hong Kong last week intensifies a drive by Beijing to stifle any return of a populist challenge to Chinese rule and more measures are likely, according to…
BlackRock and Vanguard face heavy burden of US sanctions on China
BlackRock and Vanguard face having to offload billions of dollars worth of investments in order to comply with the US government’s decision to blacklist Chinese companies with military connections. ( read original story …)
Carmaker Nio is ‘well positioned’ to capture a lot of China’s electric vehicle market, analyst says
Chinese electric car start-up Nio released its first sedan, the et7 with self-driving technology features that it claims surpass that of Tesla. ( read original story …)
China’s top court demands greater scrutiny to prevent monopolies
China’s top court has demanded more scrutiny is needed to crack down on monopolies and unfair competition. The Supreme People’s Court stated that extensive work needs to be done to determine and … ( read…
China’s Xi congratulates North Korea’s Kim on new title
Chinese President Xi Jinping has congratulated North Korea leader Kim Jong Un on being elected as general secretary of the ruling Workers’ Party, Chinese state media said on Monday. ( read original story …)
Weber on UBS’ Business, China Opportunity, Banking Consolidation
UBS’ Chairman Axel Weber says China represents a golden opportunity for the bank on the back of strong recovery and accelerated opening of the market. In a wide ranging interview, Weber also discussed … (…
Beijing demands WHO conduct coronavirus ‘origin-tracing’ in other countries as investigators arrive in China
World Health Organization experts are scheduled to arrive in China this week to investigate the origins of the coronavirus pandemic after agreeing to a “basic consensus” that the research will involve … ( read original…
China’s Very Distressed Developers Are Also Very Clever
Watched closely by Beijing regulators, the real estate sector has found twisty ways to pile up even more debt and avoid scrutiny. ( read original story …)
Analysis: Tesla’s Model Y to emerge disruptor as China EV sales zoom in 2021
New models will help electric vehicle sales in China zoom this year, after tepid business in a virus-riddled 2020, and analysts predict Tesla’s Model Y pricing will emerge as a major disruptor in the ……
China’s Richest Man Absent from Public Life after Tensions with Authorities
SHANGHAI – China’s wealthiest entrepreneur, Alibaba Group co-founder Jack Ma, has not been seen in public since October 2020 amid deteriorating relations between his business conglomerate and the … ( read original story …)
Hong Kong mass arrests: A stark step in Beijing’s ‘drive for control’
Hong Kong police arrested more than 50 politicians and activists Wednesday, in a sign of how drastically Beijing has curtailed political freedoms. ( read original story …)
