China Mobile has laid out $179 million for a stake in Beijing-based telecom software firm AsiaInfo – an unusual step that appears to be an industry cross-subsidy. It is not unheard for an operator to…
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China 5G smartphone market hits new peak
China Mobile had 15.4 million and China Telecom 10.7 million. China Unicom did not release figures. Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining … (…
Blockchain Bites: DLT’s Great Leap Forward, Bitcoin Hoarders and a16z’s New Fund
China is taking charge in the digitization of the world economy, while Maker faces a $28M class action lawsuit. Get the latest bite-sized news. ( read original story …)
Cryptocurrency in Focus: VeChain Makes Sure Covid-19 Masks Are Legit
It almost sounds like the plot of a movie: A crypto company founded by a former Louis Vuitton China executive is getting a boost after devising technology to spot counterfeit KN95 masks amid the ……
French luxury brand Hermès pulls in $2.7 million in a day at a flagship store in China as wealthy shoppers splurge after the coronavirus lockdown
It indicates a way to close an interaction, or dismiss a notification. French high-fashion retailer Hermès brought in 19 million renminbi, or $2.7 million, on the day its flagship store reopened in … ( read…
Code words, chaos, sky-high prices in China’s mask market
Desperate to find a new supply of protective face masks, executives at an American health-care services company last month began poring over videos shot inside Chinese factories — and listening … ( read original story…
Code Words, Chaos, High Prices in China’s Mask Market
Desperate to find a new supply of protective face masks, executives at an American health-care services company last month began poring over videos shot inside Chinese factories — and listening … ( read original story…
Code Words, Chaos, Sky-High Prices: Inside China’s Mask Market
Desperate to find a new supply of protective face masks, executives at an American health-care services company last month began poring over videos shot inside Chinese factories — and listening … ( read original story…
Trump administration moves to revoke China Telecom’s US license on security grounds
By Cynthia Brumfield CSO | Highlighting the diminished opportunities for Chinese telecom and technology providers in the US, the Department of Justice (DOJ) announced last week that the Trump … ( read original story …)
International Policy Experts Blast China’s Coronavirus Coverup, Call it Their ‘Chernobyl Moment’
Continued autocratic one-party rule in the People’s Republic of China has endangered everyone,” they wrote in an open letter. ( read original story …)
Breakingviews – Corona Capital: China bonds, Thiam pay, Soccer M&A
As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, ……
China unicorns’ valuations slide as virus-fearing investors seek early exits
Valuations of Chinese unicorns have fallen below levels reached in the firms’ most-recent fundraising rounds, secondary market offerings by existing investors show, highlighting the strain on backers … ( read original story …)
Inside China’s Plan to Power Global Blockchain Adoption
China is about to launch its national blockchain platform, part of Beijing’s grand strategy to lead the digital transformation of the world economy. ( read original story …)
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