Why it matters: The investment is co-led by a group of capital funds owned by the Shanghai municipal government including China’s biggest automaker, SAIC. It brings WM Motor’s total funding to more … ( read…
Tagged By beijing
China to boost new consumption based on new business forms
The General Office of the State Council has issued a guideline on accelerating the development of new consumption based on new forms of business. More should be done to implement the strategy of … (…
Xi Jinping wants China’s private companies to fight alongside the Communist Party
President Xi Jinping has sent a message to China’s private businesses: You can make money, but only if you follow my rules. ( read original story …)
Blockheads: Filecoin fork, US and UK outspend China on blockchain
Chinese Filecoin miners threatened to fork the massively popular network, the BSN will integrate two dozen public chains, and a new … ( read original story …)
‘Hooligan logic’: Chinese state media hardens stance on TikTok deal, casts doubt over Beijing’s approval
Chinese state media accused the U.S. of “hooligan logic” in its push for certain conditions in the TIkTok deal and cast doubt over whether Beijing will approve the terms. ( read original story …)
Beijing’s 2022 Winter Olympic preparations on track despite Covid-19
BEIJING, Sept. 22 (Xinhua) — The COVID-19 pandemic has wreaked havoc on global sport this year, as a number of events were canceled or postponed, but China’s preparations for the 2022 Winter Olympic … (…
High-level U.S. visits to Taiwan annoy China – but did not cross the red line, says analyst
A high-level State Department official to Taiwan last week angered China, but it probably didn’t cross any “red line,” said Eurasia’s Group’s Kelsey Broderick. ( read original story …)
HK Leader Says Cannot Demand Rights Protection for 12 Arrested by China
Hong Kong has no legal basis to demand that any particular rights be extended to 12 Hong Kong people detained in China as they tried to flee by boat and they will have to face…
China’s Race to Eradicate Rural Poverty
The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Hosted by Emily Chang. “The David Rubenstein Show: Peer-to-Peer Conversations” … ( read original story …)
Tycoon who denounced China’s leader over coronavirus is sentenced to 18 years in prison
SEOUL — China on Tuesday sentenced an outspoken critic of President Xi Jinping to 18 years in prison on graft charges, signaling Beijing’s determination to crush dissent. Ren Zhiqiang, 69, a former … ( read…
Greater Bay Area cities Guangzhou, Huizhou report increases in property sales and prices, as Shenzhen tightens curbs, pushes out demand
Property sales and prices in the Greater Bay Area cities of Guangzhou and Huizhou rose in August amid a surge in demand from homebuyers in neighbouring Shenzhen, which has reintroduced property curbs, … ( read…
China hands 18-year jail term to Xi critic for graft
China sentenced an influential former property executive who once referred to President Xi Jinping as a “clown” to 18 years in prison for graft, a court said on Tuesday. Ren Zhiqiang, the former … (…
Asset managers set to launch China’s first Star 50 Index ETFs
China’s securities regulator has given the nod to the first four exchange traded funds to track Shanghai Stock Exchange’s Nasdaq-styl. China Asset Management, E F … ( read original story …)
