China’s crude oil imports will average 10.8 million barrels per day (bpd) in 2023, matching the previous record high from 2020, according to the think tank of the country’s leading energy group.
Tagged By business
Boss of failed crypto firm accused of China bribe
Fried, head of failed crypto firm FTX, has been accused of bribing at least one Chinese official. In new charges unveiled in the US, officials accuse the entrepreneur of authorising a bribe of “at …
FTX founder Bankman-Fried charged with paying $40 million bribe to China
On Tuesday, Bankman-Fried is accused in new indictment of paying $40 million bribe to unlock frozen crypto in China. (AP Photo/John Minchillo, File) NEW YORK — FTX founder Sam Bankman-Fried was …
China tech giant Alibaba to split into six companies, pursue IPOs
Both Alibaba’s announcement and Ma’s return came as Beijing attempts to reignite confidence in China’s approach to business. The country’s economy has suffered in the wake of a significant regulatory …
Smuggler tries to sneak 239 CPUs past Chinese customs by strapping them to his body
Facepalm: One might imagine that with so many individuals caught smuggling hardware into China, people would decide it just wasn’t worth the risk. But no. Not only has another person tried to avoid …
Alibaba stock jumps 10% as the Chinese tech giant begins its biggest reorganization ever and eyes new IPOs
The news comes just a day after cofounder Jack Ma was seen in China for the first time in nearly a year after Beijing’s crackdown on top tech firms. Alibaba plans to divide its business…
Jack Ma’s Alibaba empire to be broken up after Beijing crackdown
China’s regulatory crackdown has weighed on Alibaba’s share price, which has fallen around 70pc since November 2020, when Mr Ma attracted the ire of Beijing officials … and potentially to seek its …
Alibaba to split into 6 groups, separate IPOs expected
Alibaba founder Jack Ma has kept a low profile since late 2020, when a speech he made attacking Chinese regulators was followed by Beijing pulling the plug on Alibaba affiliate Ant Group’s planned IPO …
Alibaba, China’s E-Commerce Giant, Will Split Into Six Units
Anyone can read what you share. By Daisuke Wakabayashi China’s Alibaba Group said on Tuesday that it would become a holding company with six different business groups, in a major reshuffle of the …
Alibaba to split $329b empire into six in historic overhaul
It hived off Alipay in 2010, an unpopular move at the time that nonetheless lead to the creation of Ant Group Co. The fintech affiliate controlled by Ma was on the verge of pulling off…
China’s Alibaba Unveils Corporate Restructuring
The six new business clusters will be: Cloud Intelligence (cloud computing, AI and its Slack equivalent Ding Talk); Taobao Tmall Commerce (mainland China e-commerce and digital malls); Local Services …
China to upgrade national blockchain standards by 2025
The information comes from a draft of its guidelines published on the ministry’s website, which also calls for public opinion on the matter of blockchain development from “all walks of life.” China …
Alibaba says will split into 6 groups, separate IPOs expected
Alibaba founder Jack Ma has kept a low profile since late 2020, when a speech he made attacking Chinese regulators was followed by Beijing pulling the plug on Alibaba affiliate Ant Group’s planned IPO …
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