China will firmly follow through on the pledge to further open up its economy, and its recent market regulatory actions are aimed at creating a more market-oriented, law-based international business …
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China’s service trade rises in first seven months
China’s service trade rose by 7.3 percent year on year to nearly 2.81 trillion yuan (about 435.02 billion U.S. dollars) in the first seven months of the year, the Ministry of Commerce said Thursday.
Molecular Data Inc. partners with investment firm to establish Blockchain data centres
Molecular Data Inc. (Nasdaq: MKD) has joined forces with a US investment firm that develops global blockchain data centres and renewable sustainable energy projects. The partnership will address …
China Roundup: Probe on ride-hailing firms, new rule for payment firms on IPOs, and more
In other news, JD Logistics has partnered with Walmart’s wholesale brand for deliveries through its unmanned vehicles.
Leading Fulfillment Company NextSmartShip Releases GREEN Packaging Solution for DTC Brands
NextSmartShip, a leading GLOCAL fulfillment service provider, announced a refreshing e-commerce green packaging solution. This signifies …
China’s Alibaba to invest $15.5 bln towards “common prosperity”
Chinese e-commerce giant Alibaba Group (9988.HK), will invest 100 billion yuan ($15.5 billion) by 2025 in support of “common prosperity”, the government-backed newspaper Zhejiang Daily reported on …
Graphic: Rising Bitcoin Hashrate Lifts All Crypto Mining Stocks
As the Bitcoin hashrate rebounds, Bitfarms and Marathon reported 3-figure increases year-over-year; Riot saw a 1,540% increase over Q2 2020 …
China’s services trade fair to bolster global confidence in economic recovery, say experts, business leaders
Photo taken on Aug. 31, 2021 shows the venue of the China International Fair for Trade in Services (CIFTIS) at Shougang Park, a steel mill-turned cultural and sports complex, in Beijing, capital of …
China orders ride-hailing firms to correct unfair tactics
Chinese regulators have ordered ride-hailing platforms to correct unfair market tactics amid a crackdown on the internet sector that has spooked investors and shaved billions off the valuations of …
Explainer: How unions work in China
Chinese tech giants Didi Global Inc and JD.com (9618.HK) have set up unions for their staff in landmark moves in the country’s tech sector where organised labour is rare.
World Business Watch: COVID-19 hits China’s gambling hub, business remains muted in casinos
The global ban and travel ban have dented business in China’s gambling hub Macau which is one of its kind recreational centre in Asia as well.
Tesla’s China output halted for days in August on chip shortage – Bloomberg News
Tesla Inc temporarily halted some operations at its Shanghai factory last month as the global shortage of semiconductors hit the electric car maker, Bloomberg News reported on Thursday, citing people …
Mainland Chinese traders come to rescue of short video firm Kuaishou, Hong Kong’s worst-performing mega IPO
Kuaishou Technology, Hong Kong’s worst-performing jumbo listing this year, surged to its highest level in almost a month on Thursday after the stock became available for trading by mainland Chinese …
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