Still, Alibaba has made some headway with its cloud business over the past few years. It is the number one player by market share in China and number two in Asia-Pacific, just behind Amazon, according…
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Alibaba reportedly cutting 7% of jobs in cloud unit on track toward IPO
In March, Alibaba had said it would restructure by splitting into six different units, a bid to raise the overall valuation following a tough crackdown by China on the tech sector. Those units were …
New Crypto Rules Suggest Hong Kong Is ‘Testing Ground’ for China, Say Experts
Incoming crypto regulations in Hong Kong, which would let retail users invest in tokens, may be an experiment for mainland China.
Micron: US expresses ‘serious concerns’ after China bans its largest memory chipmaker
Beijing imports more than $300bn (£242.2bn) worth of foreign chips every year. Beijing’s decree comes a day after Group of Seven (G7) leaders singled out China on issues including Taiwan, nuclear arms …
Russia Energy Exports To China To Grow By 40 Percent: Deputy PM
Russian energy deliveries to China were set to grow by 40 percent this year, Deputy Prime Minister Alexander Novak said Tuesday, as Moscow seeks to deepen ties with Beijing in the face of Western …
In China’s words, it’s open for business. In actions, not so much.
China’s commerce minister is expected to meet Biden administration officials and try to drum up business interest. That’s a particularly hard sell right now.
China Blasts Japan Over Export Curbs on Chipmaking Technology
China lashed out at Japan over Tokyo’s new export restrictions on some chipmaking technology and said it would take action to defend its interests, just days after it banned some domestic firms from …
6th China International Import Expo roadshow attracts over 400 attendees in Los Angeles
Over 400 attendees from local governments, chambers of commerce and enterprises took part in the 6th China International Import Expo (CIIE) held here on Monday. The organizer of the CIIE expects more …
MOC: China opposes Japan’s export controls on chip-making equipment
China firmly opposed Japan’s export controls on 23 types of chip-making equipment and urged Tokyo to immediately correct the mistake, China’s Ministry of Commerce said on Tuesday. China reserves the …
Bitcoin gains after China signals crypto trading plan for Hong Kong
Bitcoin has risen over 2% as investors eye the ongoing stalemate over the US debt ceiling and anticipate a positive crypto move in China.
In the Race to ‘Net Zero,’ China Shouldn’t Overlook the Private Sector
In 2021, China surpassed the European Union to become the global leader in green energy exports. In 2022, Chinese solar exports grew by 68%, lithium battery exports by 87%, and electric cars by nearly …
Business group: Companies in China want ‘clarity’ after security rule changes, raids on consultants
A business group says foreign companies in China want “greater clarity” about changes in China’s cybersecurity and other rules and how the ruling Communist Party will enforce them after they were ratt …
China Buying of Chipmaking Gear From Singapore Hits 8-Month High
China discord in at least one respect: semiconductor sales.China imported $407 million worth of chipmaking machinery from Singapore in April, according to the latest Chinese customs data. It was the …
