Chinese e-commerce giant Alibaba has called off discussions with potential investors for a $1 billion pre-IPO round for its Southeast Asia e-commerce arm Lazada, Bloomberg reported on Wednesday, …
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Investors fear more regulatory crackdowns on China’s tech giants
After enduring the government’s regulatory storm that began in late 2020, companies ranging from e-commerce giant Alibaba to gaming mogul Tencent to ride-hailing giant Didi have largely kept a low …
As sanctions start, Russia’s trade flow shifting towards China
The United States is poised to unleash a wider array of sanctions against Russia if Moscow escalates the conflict in Ukraine, denying key Russian financial institutions and companies access to U.S.
Trump’s China policy failed
While it is true that some industries lost jobs to Chinese competition over the past two decades, it is also true that other industries gained jobs due to trade with China and oth …
Verdict: Trump wasn’t right about China
Trump’s entire conception of the China challenge was fallacious. Trump thought the problem China posed was that it sold us too many things, resulting in a bilateral “trade deficit,” which meant that …
Chinese influencer Ping Rong was fined roughly $10 million for tax evasion as China continues its crackdown on the booming live-streaming industry
She’s the latest celebrity to be targeted as China continues its scrutiny of the rich as part of a “common prosperity” drive to narrow the wealth gap.
China shares rise as inflows recover; Meituan lifts Hang Seng
Chinese A-shares and Hong Kong’s main Hang Seng Index rose on Wednesday, as global investors regrouped a day after the Ukraine crisis sparked a sell-off, and as Chinese state media sought to reassure …
China tutors brave class on corporate reinvention
An education crackdown decimated businesses like New Oriental, which laid off 60,000 staff and reversed into a $876 mln half-year net loss. Its new ventures include e-commerce. Yet tales of extreme …
China’s Covid-zero policy forces some NZ businesses to suspend exports
Despite the risk of catching the coronavirus from food being considered highly unlikely, as part of China’s Covid-19 zero policy food producers who experience positive cases at their sites are …
Jinhui Mining Gains Nearly 44% In China Stock Debut As IPO Mints New Billionaire
Shares in Jinhui Mining, a China processor of lead, zinc, silver and other minerals, rose by nearly 44% on their first day of trading at the Shanghai Stock Exchange on Tuesday, adding a newcomer to…
Rogues’ charter: Ukraine crisis could see China create third ‘shadowy’ tanker trade
Broker BRS says Chinese importers could turn to veteran ships if mainstream owners fear sanctions against Russian business …
China Fines Another Live-Streamer After Tax Evasion Probe Widens
The latest penalty came after the watchdog fined top live-streamer Viya a record $210 million in December, accusing her of concealing personal income and making false declarations …
Why Nike and Adidas no longer dominate in China
Chinese consumers are no longer patronizing Nike and Adidas like they used to, a trend that is purportedly driven by nationalistic rejection of forced labor accusations against the country. The …
