In addition to using cash and digital payment platforms such as Alipay and WeChat Pay, participants in the fourth Digital China Summit have another payment option: the digital renminbi (RMB), if they …
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China’s Ant-backed bike-sharing giant Hello Inc. files for U.S. IPO
Chinese bike-sharing giant Hello Inc. filed for an initial public offering in the U.S. on Friday after reporting net losses for three consecutive years.
China is switching its investment focus in Africa from oil to minerals
Beijing has more options on where to source its crude these days, but is still reliant on Africa for its copper, cobalt and other rare minerals, analyst says.
China Huarong Delays Release of 2020 Results Past April Deadline
China Huarong Asset Management Co. said its 2020 earnings results would be delayed past an April 30 deadline, potentially further fraying investors’ nerves after mounting worries over potential …
China could rule world’s technology, UK cyber spy chief says
The West must urgently act to ensure China does not dominate important emerging technologies and gain control of the “global operating system”, Britain’s top cyber spy said on Friday. In an unusually …
China: EximBank augments credit backing for small, micro-businesses
The Export-Import Bank of China (China EximBank) has augmented loan backing for small and micro-businesses, with exceptional finances surpassing 100 billion yuan (about USD15.4 billion) under a …
Bitcoin crashed, recovered, crashed again, and China’s change of heart around the crypto
On Saturday, April 17, $7.6 billion in crypto long positions were liquidated in one hour as bitcoin plunged to $51,500, data from bybt.com showed. Ether fell 6.53 % to $2,166 the next day, losing $151…
Foreign media take a trip to explore the history of the CPC
Why is the Zunyi Conference so important as a turning point in the history of the Communist Party of China (CPC)? Why is the CPC still so attractive to many young people today?” Eager to…
China Mobile profit up 2.3 pct in Q1
China Mobile, one of the country’s leading telecommunication operators, reported a profit growth of 2.3 percent year on year in the first quarter (Q1) of 2021. Profits attributable to equity …
China farm region becomes ‘lingerie capital’
So goes the street-corner discussion in Guanyun, a sleepy coastal county that for generations followed the rhythms of wheat and rice cultivation, but today concerns itself with global preferences on …
ByteDance’s IPO Plans Snarled by Regulatory Demands, SCMP Says
TikTok parent ByteDance Ltd.’s plans for an initial public offering have been put on hold as it seeks to comply with regulatory demands from both China and the U.S., the South China Morning Post …
Can Western brands recover from consumer backlash in China?
For many years foreign companies operating in China have faced social media-fuelled consumer backlashes, sometimes over instances of cultural insensitivity and sometimes over political controversies.
China science, technology news summary — April 25
The following is a summary of published science and technology news of China. MARS ROVER. China’s first Mars rover has been named Zhurong, announced …
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