Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a …
Tagged By brands
Understanding China’s Gallium Sanctions
The announcement has sparked renewed concern in the United States about its dependence on critical mineral imports from China. However, current and future production capacities in Japan, Germany, and Australia undermine the power of this…
China Consumer 2023 | UK Consumer Brands Meet Leading China Partners & Influencers
The second day of the China-Britain Business Council’s China Consumer 2023 programme took place on 5th July in CBBC’s London office and online. With British Consumer brands offered a rare platform …
Alibaba’s shares rise after China fines Ant Group almost $1 billion for ‘illegal acts’
A long-running regulatory crackdown on Alibaba’s financial arm Ant Group has ended with a fine, sending the stock up 5%.
China Ends Tech Crackdown With Fines on Tencent, Ant Group
Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market…
Tesla Is Offering Cash Rebates in China. The EV Price War Might Not Be Over.
Tesla said it would offer Chinese buyers a cash rebate if they had a referral from an existing owner, a day after joining an agreement to end a price war.
Blockchain Gaming Studio Mugen Interactive Partners with Mysten Labs and Launched the First GameFi Prediction Protocol on Sui Network
Hong Kong, China, July 07, 2023 (GLOBE NEWSWIRE) — Mugen Interactive, an emerging blockchain gaming studio, launched their first game, Legend of Arcadia, on Sui, in partnership with Mysten Labs, a …
VW China’s Boss Says Discounting EVs Will Ultimately Hurt Local Consumers
It is with this in mind that VW will not make aggressive price cuts to its EVs in China purely in an effort to increase sales and grow its various brands. Instead, it is more…
Taiwan June exports slump the most in 14 years on weak China, US demand
Taiwan’s exports fell more than expected in June, slumping the most in almost 14 years, as the island struggled with persistent weakness in demand from the U.S. and China for its hi-tech products. As Taiwan…
Trade War Heats Up With China’s Export Restrictions on Two Critical Minerals
“China will impose export restrictions on industrial products and materials containing gallium and germanium from August 1 to ensure its national security and interests,” China Daily, a mouthpiece for the Chinese Communist Party,
Yellen criticizes China’s ‘punitive’ actions against US companies, urges market reforms
U.S. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticized the world’s second-largest economy for its recent harsh actions against U.S. companies and new export controls on some critical minerals.
Yellen appeals to China to revive talks and not let technology tensions disrupt ties
Yellen appealed for “regular channels of communication” at a time when relations are strained amid disputes over technology, security and other irritants.
China’s export curbs on raw materials are concerning, Yellen says on Beijing trip
Beijing’s newly unveiled export controls on two strategic raw materials critical to the global chipmaking industry are a “concern,” US Treasury Secretary Janet Yellen said on the first day of her trip …
ADVERTISEMENT
