However, that’s not necessarily the case in China, the largest automotive market in the world, where domestic automakers and many consumers are embracing EVs. Foreign car brands that haven’t …
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Imax CEO On China Box Office, Big Screen Boom & Company’s New Side Business
Imax chief executive Rich Gelfond said he’s never seen China let as many U.S. titles into country as early as they have this year. After a slowdown in the pace that caused some angst in…
Timeline: how Micron went from a welcome business partner in China to the target of a national cybersecurity probe
With an investment of US$250m and about 2,000 employees, Micron’s Xian factory in western China was its first in the country and its second in Asia In 2022, Micron said it would close its DRAM…
Black Market for Worldcoin Credentials Pops Up in China
Worldcoin, a crypto project by OpenAI CEO Sam Altman has gained some traction in China, with users rushing to source know-your-customer (KYC) verifications on the black market. Worldcoin’s crypto …
Layer 1 Blockchain Tenet Partners With Conflux and Qtum for More Exposure in China
Conflux and Qtum users will both stake a minimum of $1 million worth of their native tokens to help secure each blockchain and receive liquid staking derivatives (LSD) that is iss …
China-based chemical firms have earned millions in cryptocurrency by supplying fentanyl substances to drug cartels: reports
Elliptic, a London-based blockchain analytics firm, says it identified more than 90 China-based chemicals firms willing to sell fentanyl precursors Most popular crypto token accepted by these …
Suspected fentanyl chemical suppliers have received $38 mln in crypto -Chainalysis
Suspected sellers of chemicals used to manufacture the deadly drug fentanyl have received tens of millions of dollars worth of cryptocurrency since 2018, according to blockchain analytics firm …
Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers
Law enforcement around the world has long pointed to China as being a source of deadly fentanyl as well as the precursors used to manufacture it. New research from both Chainalysis and Elliptic have …
Chinese Fentanyl Precursor Suppliers Received $27M in Crypto: Report
China-based suppliers of chemical precursor – ingredients used to produce synthetic opioid fentanyl – raked in more than $27 million in crypto payments, according to a research report by Elliptic.
Hong Kong firms as global crypto hub after fresh announcement; Will Conflux and Pepe pump?
The Hong Kong crypto hub narrative is heating up after one of the Special Administrative Region’s regulators made an affirming … Read More The post Hong Kong firms as global crypto hub after fresh …
LVMH, Kering Slide as China Worries Spur $56 Billion Luxury Rout
European luxury stocks including LVMH and Gucci owner Kering SA fell as a wave of Covid infections in China weighed on sentiment — extending a rout that’s wiped about $56 billion from the sector over…
Alibaba Cloud to cut 7% of staff, sending thousands of workers packing ahead of planned IPO
Alibaba’s cloud division is downsizing as it prepares to go public amid economic headwinds that pushed revenue down 2% in the first quarter. The ecommerce giant as a whole has also been reducing …
U.S.-China chip tensions have no ‘material impact’ on Lenovo’s business, says CFO
Wong Wai Ming, chief financial officer of the technology company, says world’s leading PC-maker has been complying with all the rules and regulations of the countries it operates in.
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