LOS ANGELES — A group of six Southern California businesses run by a fugitive Chinese billionaire was ordered Monday to pay $1.83 billion in restitution for scheming to evade payment of duties on …
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T Scientific to acquire 60% of S.Korean crypto exchange Hanbitco for $19.5 mln
South Korean mobile services company T Scientific announced it will purchase a 60.36% stake in PlutusDS, operator of local cryptocurrency exchange Hanbitco.
China’s “bulletproof” coffee IPO is full of holes
Star Plus Legend banks on the founder’s pop-star son, Jay Chou, hawking butter-infused, or bulletproof, java and other diet fads. Beijing’s crackdown on celebrity influence, however, threatens $57 mln …
The Bank of East Asia wins big at the Global Brands Magazine Awards
The Bank of East Asia has won the “Best Personal Banking Brand”, “Best Banking Product” and “Best Bank for Customer Experience” in Hong Kong, for the year …
China strives to establish unified domestic market
China is taking solid steps to accelerate the building of a unified domestic market that is efficient, rules-based, open and encourages fair competition amid headwinds and pressures from a complicated …
Seeking to lower its reliance on China, Apple starts iPhone 13 production in India
Reuters says that Apple has started some iPhone 13 units in India and hopes to reduce its reliance on the Chinese facilities used by its Taiwan-based manufacturers, …
China Slashes LNG Purchases on High Prices and Pandemic Slowdown
China is slashing liquefied natural gas purchases as soaring global prices deepen import losses and pandemic lockdowns throttle domestic demand. Imports in the first quarter fell 14% from the same …
Blockchain innovations in the commodities markets: Stepping up during a turbulent time
Historically speaking, financial advisors and investors turned to commodities in tumultuous times to provide a non-correlated hedge against volatility in the equity and fixed income markets. While …
Executives are warned that China’s economic policies could present major challenges to local manufacturers
Greater Milwaukee Committee members were warned that China could present manufacturers with a larger problem than Russia.
SONAR sightings for April 11: Kansas City to Dallas, US import/export update, more
The highlights from Monday’s SONAR reports are below. For more information on SONAR — the fastest freight-forecasting platform in the industry — or to request a demo, click …
Crypto Price Check: Bitcoin Moves in Downward Step With Stock Market
Cryptocurrency prices were sliding Monday, moving in the same direction as the major stock indexes. Bitcoin was down 6.4% to $40,416 at last check, according to CoinGecko, while ethereum was dropped 8 …
China Calls Charges Carmakers Have Ties to Forced Labor ‘Smears’
Those U.S. researchers’ conclusions are nothing but ill-intentioned smears against China,” Foreign Ministry spokesman Zhao said.
How to Incorporate your Business in China Without Being Physically Present
Expanding into unknown markets can be time consuming, risky, and complex. Those concerns increase even more in times of a global pandemic. This article discusses how to set up your business in China …
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