Smartphone shipments in mainland China plunged by 17% in the second quarter from a year earlier to 74.9 million units, underscoring how the country’s biggest brands increasingly need to look abroad …
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China stocks: New Oriental, TAL Education scrap earning releases, media calls amid regulatory storm
Two of China’s biggest tutoring services have scrapped upcoming earnings events, citing ‘regulatory developments’, as Beijing’s crackdown on the sector continues to create turmoil.
China’s central bank says it will keep pressure on crypto market
The Peoples Bank of China will also supervise financial platform companies to rectify their practices according to regulations, it said in a statement on Saturday. Policy makers met on Friday to …
Traditional Changsha food brands evolve with time to attract consumers
Changsha, an ancient city dating back to 2,400 years ago, is the destination of choice for many famous food brands. There is something that is uniquely attractive in the city for food entrepreneurs.
Joe Biden, US lawmakers working on parallel tracks to bolster China tech policy
The administration puts together a team of advisers to devise a policy that strikes a balance between national security and technological innovation.
China’s auto makers log profit surge in H1
China automobile manufacturing sector registered a stellar profit growth in the first half H1 of 2021 according to the China Ass …
US SEC says Chinese IPO hopefuls must provide additional risk disclosures
The US securities regulator will not allow Chinese companies to raise money in the United States unless they fully explain their legal structures …
China fixed broadband services revenue to grow at CAGR of 3.6%
Driven by a continuous rise in high fiber-to-the-home (FTTH) subscriptions and FTTH average revenue per user (ARPU), China’s fixed broadband service revenue is poised to increase at a compound annual …
China factory activity slows in July, hit by extreme weather
Chinese factory activity weakened in July to its lowest level since the start of the pandemic, data showed Saturday, as manufacturing was impacted by slowing demand, weak exports and extreme weather.
The First Foreign Film to Hit China in Weeks? A British Christmas Movie About a Cat
The first import to break through China’s nearly two-month political moratorium on foreign films apparently won’t be “Black Widow” or “Space Jam: A New Legacy.” Instead, Beijing is opening its …
US regulators step up scrutiny of IPO hopefuls from China
Chinese companies hoping to sell their shares in the United States must start making more disclosures about their potential risks before U.S. regulators will allow them to list their stock …
China’s Big Tech Crackdown Shouldn’t Be Cheered by Antitrust Fans in the West
An onslaught of antitrust and data-security crackdowns have threatened the country’s biggest ride-sharing platforms, cryptocurrency exchanges, and messaging services.
ByteDance founder Zhang Yiming retreats from corporate roles as firm’s IPO plan remains in limbo
Zhang Yiming, 38, relinquished his roles at three affiliated companies, months after announcing he would step down as ByteDance chief executive at the end of this year.
