The US has put limits on exports to China’s top chip manufacturer, SMIC, potentially hurting a host of Chinese tech compaines. ( read original story …)
Tagged By crypto
China’s Xpeng unveils flying car prototype at major Beijing auto show
Chinese electric carmaker Xpeng revealed it is working on a flying car model and showed off a prototype of the vehicle at the Beijing motor show – the biggest international event held for the industry…
China Unicom sees 4G users rise in August
China Unicom, one of the country’s largest telecom operators, said in a report that its 4G users reached 264 million in August, up 1.58 million from July. The number of its fixed-line broadband … (…
Chinese Government Identifies $14.5 Billion in Cash Laundered Through Crypto
China is experiencing a crypto cleansing, as the government appears keen on purging the country of all traces of cryptocurrencies. While several reasons could account for […] … ( read original story …)
Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center
China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. ( read original story …)
China’s State Media: We Should Carve Up Facebook Just Like TikTok
Mouthpieces for the Chinese Communist Party are urging leaders to target U.S. tech companies with nationalistic bans similar to what Trump has imposed on TikTok. ( read original story …)
Major telecom carriers team up on base stations
Wang Xiaochu, chairman of China Unicom, said the two companies’ 5G co-construction and sharing initiative has helped save them 60 billion yuan ($8.87 billion) in construction investment costs, which … ( read original story …)
As the Company Helps Build China’s Smart Cities, Stay With Ericsson Stock
Stock Market News, Stock Advice & Trading Tips In June, Ericsson (NYSE:ERIC) warned investors that it would take a $109 … ( read original story …)
Chindata Group Seeks $500 Million U.S. IPO
Chindata Group Holdings Limited has filed to raise $500 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A ordinary shares, acc … ( read original story …)
WeWork sells control of China business to private equity firm
WeWork has sold a majority stake in its China business to a private-equity firm in the troubled office-sharing startup’s latest effort to cut costs. The deal announced Thursday will hand control … ( read original…
Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge
Fintech giant Plaid has added support for two DeFi applications, the IRS wants to know about your crypto and stablecoins have passed the $20B milestone. ( read original story …)
IPO Launch: Chindata Group Sets Terms For $500 Million U.S. IPO
Chindata was founded to develop state of the art ‘hyperscale’ computing data centers for organizations in China and greater Asia. ( read original story …)
China’s 110M 5G subs can’t overcome industry headwinds
The China 5G train rolls on, with more than 110 million subscribers and 560,000 basestations, according to the Ministry of Industry and Information Technology (MIIT). The subscriber figure might be … ( read original story…
