The firms entered the Chinese market with great fanfare in the early 2000s only to wither in the face of competition from China’s faster-moving internet titans. Amazon has been in talks to merge its e…
Tagged By blockchain
China’s Bitcoin Ban, Crypto Endowments, & Arbitrage bots
Considering the cryptocurrency trade’s rampant speculation, fraud, and energy consumption, China has good reason to end crypto mining. Unlike the internet where the Communist party was able to … ( read original story …)
Amazon, facing entrenched rivals, says to shut China online store
Amazon bought Chinese online shopping website Joyo.com in 2004 for $75 million, rebranding the business in 2011 as Amazon China. But in a sign of Tmall’s dominance, Amazon opened an online store on … (…
China EV maker Byton says business as usual despite management upheaval
SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Byton, which is facing a management shake-up and questions about funding an expansion, said it has received over 50,000 orders globally for its … ( read original…
China selfie app firm Meitu forays into skincare to counter drop in users
as China’s smartphone market has run out of steam, shrinking nearly 16 percent in 2018. The firm announced a deal in November to outsource manufacturing of the smartphone business to Xiaomi Corp and … (…
As China’s economy slows further, Beijing opens the bank vaults
China’s already sluggish economy slowed even more in the … from a sudden burst of confidence in the strength of the country’s economy among Chinese business leaders. Instead, the positive glimmers … ( read original…
China to One Day Turn the Renminbi into a Crypto, Claims Blockchain Author
Blockchain Research Institute Executive Chairman Donald Tapscott suggested that it’s only a matter of time before the renminbi makes its way onto the blockchain, telling Bloomberg: “In 20 … ( read original story …)
Amazon to close domestic marketplace business in China: sources
(Reuters) – Amazon.com Inc plans to close its domestic marketplace business in China by mid-July, people familiar with the matter told Reuters on Wednesday, focusing efforts on its more lucrative … ( read original story…
U.S. firms no longer ‘positive anchor’ for Beijing ties: AmCham in China
BEIJING (Reuters) – Frustrated U.S. businesses can no longer be counted on as a “positive anchor” in U.S.-China relations, a top U.S. business lobby said on Wednesday, arguing any deal to end trade … (…
China’s car market to return to growth this year, executives say
SHANGHAI (Reuters) – China’s car market will return to growth in the second half of this year due to government support although the days of high single or double-digit growth are over and … (…
Singapore’s OCBC Seeks Partner for China Securities Business
(Bloomberg) — Oversea-Chinese Banking Corp. is looking for a Chinese firm to team up with on a securities joint venture on the mainland, the latest foreign bank seeking to capitalize on the nation’s … (…
IBM Hosts First APAC MOBI Colloquium to Promote Standards and Accelerate Adoption of Blockchain in Human Mobility
“Blockchain and decentralized ledger technology has great potential to make mobility greener, safer, and more accessible for cities around the world, especially for nations with rapid urbanization … ( read original story …)
China’s first quarter growth unexpectedly steadies, but too early to call clear recovery
BEIJING (Reuters) – China’s economy grew at a steady 6.4 percent pace in the first quarter from a year earlier, defying expectations for a further slowdown, as industrial production jumped sharply and … ( read…
