The company hopes to reverse the fortune of other China-based food-delivery companies, including Missfresh and Dingdong Maicai, which have seen their valuations plummet after going public. It remains …
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China’s Xi Misses Donald Trump, Too. It’s Not Just Putin.
Putin, of course, must also be missing Trump, a political neophyte Moscow played time and time again. Had Trump still been around, the U.S. might not be helping Ukraine at all. Over in Riyadh, Saudi…
China’s NFT market is taking off, but regulations stand in the way
Referred to as “digital collectibles”, NFTs face considerable restrictions in China. With a willing customer base, brands are advised to focus on phygital couplings that offer the collectible as a …
China’s Baidu is shrugging off US chip export restrictions
It’s been a tough year for tech companies. The S&P China Tech 50 Index is down nearly 36% this year. The Nasdaq-100 Technology Sector Index is down by almost the identical percentage.
What’s in the Commerce Department’s Recent Export Controls on Technology Bound for China?
The Commerce Department’s Oct. 7 export controls aim to restrict China’s access to advanced semiconductors, supercomputers, and semiconductor manufacturing equipment to prevent the Chinese government …
FTX customers in mainland China make up 8 per cent of total, a court filing shows, defying Beijing’s crypto ban
A filing for the first day of FTX’s bankruptcy hearing shows a breakdown of its customer base, with 22 per cent in the Cayman Islands The customer base in mainland China is larger than in…
Nickel IPO puts Jakarta at centre of China EV boom
A Hong Kong stock market debut puts Jakarta at the centre of China’s electric-car boom. Lygend Resources & Technology , a Chinese nickel trader, is looking to raise up to $594 million in an initial…
New York Governor Hochul Signs Moratorium to Curb Crypto Mining
(Bloomberg) — New York Governor Kathy Hochul has signed one of the most restrictive laws in the US on regulating cryptocurrency mining, becoming the first state to impose such a ban.
China widens COVID curbs, iPhone factory unrest adds to economy worries
Chinese cities imposed more curbs on Wednesday to rein in rising coronavirus cases, adding to investor worries about the economy, as fresh unrest at the world’s largest iPhone plant highlighted the …
China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct …
China’s Baidu says it expects ‘limited’ impact from U.S. chip curbs
“We think the impact is quite limited in the near future,” said Dou Shen, executive vice president and head of Baidu AI Cloud group.
Blockchain tech innovation forum held in Chengdu
CHENGDU, China, Nov. 23, 2022 /PRNewswire/ — A forum focusing on the innovation and development of blockchain technology was held in Chengdu, the capital of Southwest China’s Sichuan province, on Nov …
China widens COVID curbs, Apple factory unrest adds to economy worries
Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors’ worries about the economy just as fresh unrest at the world’s largest …
