… of Italian luxury fashion brand Prada, faces a whopping 299 million yuan ($46.1 million) in fines and back taxes due to tax evasion, according to state-run media. The case has attracted attention …
Tagged By business
Indonesian logistics major J&T Express mulls shifting IPO from US to Hong Kong
The plan comes as companies with interests in China and looking to list overseas face intensifying scrutiny from regulators in Beijing. While J&T Express is based in Jakarta, the company is backed by …
China’s crackdown on crypto slashed competition for North American bitcoin miners – and earnings are soaring to record highs as a result
China’s crackdown on cryptocurrency mining gave miners outside the region tremendous opportunities for growth. Second-quarter earnings reveal that non-Chinese mining firms crushed revenues and …
China plans to ban overseas IPOs for tech firms with data security risks
Beijing said last month it planned to strengthen supervision of all firms listed offshore, a sweeping regulatory shift that came after a cybersecurity investigation into ride-hailing giant Didi Global …
VeChain is launching its carbon reporting blockchain platform.
VeChain supply chain management platform has announced a new service for companies to revisit their data management practices in …
China’s central bank official says cryptocurrencies have no actual value
An official of China’s central bank does not recognize that Bitcoin and other cryptocurrencies have actual value.
China’s SenseTime prepares for Hong Kong IPO despite tech regulations and US blacklist
China’s artificial intelligence start up SenseTime Group has identified the mainland’s tightening technology regulatory regime as a key risk for investors in its proposed Hong Kong initial public …
Data security law: China orders state firms to migrate to government cloud services
Notice comes just days before a national legislation comes into effect, with penalties of up to 10 million yuan for violations.
China to Cleanse Online Content That ‘Bad-Mouths’ Its Economy
China kicked off a two-month campaign to crack down on commercial platforms and social media accounts that post finance-related information that’s deemed harmful to its economy. The initiative will …
Geekvape invests several billion yuan to build an intelligent manufacturing industrial park in China’s Greater Bay Area
Chinese e-cigarette brand Geekvape announced a new investment valued at several billion yuan in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) with the support of the Shenzhen Municipal …
China’s Biggest AI Firm SenseTime Group Files for Hong Kong IPO
SenseTime Group Inc. filed plans for an initial public offering that would list China’s largest artificial intelligence company on the Hong Kong exchange. China International Capital Corp., Haitong …
China targets U.S. IPOs, algorithms, cloud in latest tech takedown
China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the United States, seeking to tighten up regulation of their use of algorithms and …
Chinese Cos.’ US IPOs Plunge Amid Regulatory Crackdowns
U.S.-listed initial public offerings by Chinese companies have ground to a halt amid regulatory crackdowns in both countries, with no sign as to when listings might resume, while existing listed …
