Alibaba is developing a deposit-token payment system designed to streamline global commerce while working within the increasingly strict stance Beijing has taken toward stablecoins, according to new …
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Alibaba Explores Bank-Backed Deposit Token as China Tightens Grip on Stablecoins
Alibaba ($BABA) is quietly exploring a blockchain-based deposit token for international payments, according to comments shared by company …
China Mobile lands SEA-H2X subsea cable in Hong Kong
China Mobile has landed the Southeast Asia-Hainan-Hong Kong (SEA-H2X) subsea cable in Hong Kong. The Chinese telecoms firm this week announced the successful landing of the cable in Tseung Kwan O, …
US Lawmaker Challenges Morgan Stanley Over Chinese IPO Tied to Forced Labor
Chairman John Moolenaar questions Morgan Stanley’s role in underwriting Zijin Gold’s IPO amidst forced labor concerns, urging scrutiny of US financial ties with such companies. He highlights risks to …
Alibaba weighs deposit token as China clamps down on stablecoins: Report
The cross-border e-commerce arm of Chinese tech behemoth Alibaba is working on a deposit token amid mainland China’s crackdown on stablecoins, according to CNBC. Alibaba president Kuo Zhang told CNBC …
US House Panel Warns Morgan Stanley Over China Firm’s Forced Labor IPO
Select Committee on China Chairman John Moolenaar is probing Morgan Stanley’s role in the IPO for Zijin Gold, a subsidiary of a firm on the US forced labor list, citing a history of human rights…
US lawmaker presses Morgan Stanley over IPO ties to Chinese firm listed under Uyghur Forced Labor Act
Chairman John Moolenaar (R-MI) of the Select Committee on China addressed a letter to Morgan Stanley CEO Ted Pick, seeking additional information regarding the company’s involvement in underwriting …
iPhone 17 reverses year-long sales slump in China
Phone sales in China jumped 22% in the first month after the iPhone 17 launch, reversing last year’s 5% decline with the iPhone 16.
‘They’re just so much further ahead’: How China won the world’s EV battery race
In 2005, China only had two EV battery manufacturers. Twenty years later, it produces more than three-quarters of the world’s lithium-ion cells. How did it happen?
China cracks down on exports of ‘zero mileage’ new cars exported as used
China’s Commerce Ministry has announced stricter controls on exports of new vehicles being exported as if they are used …
Experts: Starbucks, Burger King Stake Sales Driven by Localization and Competition, Not China Exit
The plans of global chains such as Starbucks and Burger King to sell majority stakes of their China business reflect deeper localization efforts and increasingly fierce market competition — not a …
Applied Materials’ shares drop as stringent US export curbs weigh on China business
Applied Materials shares slid 5% before the bell on Friday as the chip equipment maker forecast reduced spending in China next year due to stringent U.S. export curbs.
China Mobile and ZTE complete Pre6G GigaMIMO field trial, achieving breakthroughs in network capacity and user experience
Pre6G GigaMIMO brings enhanced large-scale spatial multiplexing to commercial reality, with trial results showing a 2–6x user experience improvement and a 26.5% throughput increase on a 5G-A network.
