Chinese fintech giant Ant Group has been ordered by regulators to drastically change its business model and return to its roots as a payment services provider, as the state squeeze continues on the … (…
Tagged By beijing
Citizen journalist in China who reported on COVID-19 sentenced to 4 years
Zhang Zhan, a 37-year-old citizen journalist who reported on crowded hospitals and the conditions in Wuhan earlier this year, was sentenced Monday to four years over the offense of “picking quarrels … ( read original…
China sentences citizen journalist to four years in prison for Wuhan lockdown reports
Zhang Zhan’s critical coverage offered a rare window into the desperation of residents at the initial center of the coronavirus outbreak. ( read original story …)
China jails citizen journalist over coronavirus coverage
A Chinese court on Monday sentenced citizen journalist Zhang Zhan who reported on the coronavirus outbreak in the central Chinese city of Wuhan to four years in prison. ( read original story …)
Western diplomats gather outside court, US calls for release as trial of Hong Kong fugitives detained at sea begins in Shenzhen
As the high-profile trial of 10 of the 12 Hong Kong fugitives held in neighbouring Shenzhen began on Monday afternoon, diplomats from multiple Western countries gathered outside the court building, … ( read original story…
Vietnam prepares for supply chain shift from China
When the Trump administration began piling tariffs on Chinese goods two years ago, Vietnam looked set to be one of the countries that would benefit most from companies looking to diversify from Asia’s … (…
Drugmakers agree to halve prices to get on China state insurance list
Drugmakers have agreed to cut prices by around 50% on average for more than 100 medicines in order to have them included in China’s state medical insurance scheme from March, potentially heralding a … (…
IPOs will remain strong for China A-shares and Hong Kong markets in 2021: CIO
There is huge demand from domestic and institutional investors in the new economy sector looking for initial public listings, says William Ma of Noah Holdings (Hong Kong). ( read original story …)
Breakingviews – Ant and Beijing begin delicate, dangerous dance
Ant and Beijing have begun a delicate, dangerous dance. Having forced the financial technology giant to suspend its initial public offering last month, officials have laid out demands that will curb … ( read original…
Beijing in emergency mode after five new coronavirus cases found in Chinese capital
China’s southern technology hub of Shenzhen reported one asymptomatic case on Sunday, a patient who made two business trips to Beijing this month. ( read original story …)
China’s ambassador to the UK Liu Xiaoming set to resign after combative tenure
One of China’s original “wolf warrior” diplomats is set to resign, ending a combative tenure dominated by controversies over Beijing’s policies in Hong Kong and Xinjiang. ( read original story …)
How China’s swift recovery boosted it to fashion capital status
The past five years have seen countless luxury brands scrambling over each other to get into the lucrative fashion market of China, partnering with Chinese companies like Tmall. But recently … ( read original story…
Markets shock in 2020 gives way to IPO boom
Proceeds in Asia, at $73.4bn, would have been far higher if payment company Ant Group had not halted its blockbuster $37bn IPO after it ran afoul of Chinese regulators. Ant’s absence handed … ( read…
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