The company made the announcement on its official WeChat account without elaborating on the reasons behind the decision.
Tagged By business
China’s state-backed BSN pushes new public blockchain network unlinked to cryptocurrencies for international markets
“If you don’t trust us, check the code,” He said. “I talked to probably 10 public chains, asking them to join and help build a non-crypto chain with us,” He told the South China Morning…
Tech Insider: Layoffs at Tencent and Zhihu, Airbnb Shutters China Business
Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene. Airbnb gives up on China business . Airbnb Inc. said on …
Airbnb to shut business in China from July 30
China’s efforts to curb the spread of Covid-19 has also led to business disruptions across the country, with several cities locked down, including the major economic hub of Shanghai. CNBC first …
VEGOILS-Palm surge over 3% amid uncertainties over Indonesia’s export policies
Malaysian palm oil futures jumped on Tuesday to hit a near two-week, lifted by signs of buying from China and uncertainties over the resumption of Indonesian exports even after the three-week ban was …
Western Companies Really Don’t Know What To Do in China as the Covid Lockdown Drags On
It will leave brands and supply chain with lower-than-expected sales and profits for 3Q22/2H22, leading to further downside risks to the stock price. Apple’s gradual exit from China may …
SoftBank-Backed Oyo Is Said to Shelve Plans for IPO in 2022
If the company picks up the process again by year end, the earliest possibility for an IPO would be in 2023, they said. The Gurgaon-headquartered company, which filed preliminary IPO documents …
China will Export a Large Quantity of Coke in May amid the Dropping Coke Prices
Recently, the General Administration of Customs released the import and export data for April 2022. In April, China exported 638,000 mt of coke, a decreas …
At Quad summit, Australia’s new PM scolds China over trade tariffs
New Prime Minister Anthony Albanese rebuked China on Tuesday for imposing hefty tariffs on Australian exports two years ago, in remarks made while attending a regional security conference in Tokyo a …
China Customs Released April Coking Coal Import Data
According to data from the General Administration of Customs, in April 2022, China imported 4.2564 million mt of coking coal, of which 40% came from Russia, which was 1.7067 million mt, an increase of …
Beijing banned crypto mining, so China miners went underground
Beijing’s decision to ban cryptocurrency mining in September last year looked to be the end for an industry where China led the world. Not so, it seems, as companies running the power-hungry …
China’s yuan eases, weighed by rising economic slowdown worries
China’s yuan eased against the dollar on Tuesday, as investors continued to grapple with the domestic COVID-19 situation, and more investment banks trimmed their growth outlook for the world’s …
China to Maintain Net Export of Refined Zinc in May
According to the latest customs data released by the General Administration of Customs, in April 2022, China’s refined zinc imports were 1,500 mt down 92.8% month-on-month and 96.23% year-on-year.
