Elon Musk’s Tesla sold over 75% of their Bitcoin holdings at the end of Q2. The company stated that its crypto holdings have been converted into fiat during the sales that happened between April and…
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China fines Didi Global $1.2bn for violating data security laws
China’s cybersecurity regulator said on Thursday it has fined Didi Global Inc 8.026 billion yuan ($1.19 billion), concluding a probe that forced the ride-hailing giant to delist from New York within a …
China fines ride hailing giant Didi Global $1.65 billion for violating data security laws
Investigation found Didi had illegally collected millions of pieces of user information. Read more at straitstimes.com.
Chip 4 alliance: Will South Korea pick the US or remain an ally to China?
Proposed by the US, the Chip 4 is a strategic alliance of four global chip powerhouses that also includes South Korea, Japan and Taiwan.
Biden set to address tensions with China as Pelosi trip to Taiwan ‘not a good idea’
JOE BIDEN will speak with President Xi Jinping by the end of the month to address tensions between the two countries over trade and Taiwanese independence.
Xiconomics: How China’s Push for Economic Stability Bolsters Global Recovery
On the shop floor of Shaoxing’s Buting textile company in east China’s Zhejiang province, processing and manufacturing machines are humming around the clock. Container trucks loaded with colorful …
China fines Didi more than $1 billion for breaking data security laws
China’s cybersecurity authority fined ride-hailing giant Didi in apparent closure of a yearlong probe that prevented the company from adding new users.
China’s move to increase coal supplies won’t affect decarbonisation
By boosting domestic coal production, China is ensuring supplies in a tight global market. Experts say these measures are short term and not a risk to the low-carbon transition.
Elon Musk reveals Tesla sold 75% of its bitcoin after crypto market crash
Elon Musk is a big fan of cryptocurrency, but it’s been revealed his electric car company Tesla has sold off a huge chunk of bitcoin that it purchased for $US936 million ($A1.4 billion). The sell-off…
Zhuhai Painter Technology’s IPO to debut on Beijing Stock Exchange
Jul 21, 2022 (China Knowledge) – Zhuhai Painter Technology (836871 … Its price-to-earnings ratio (PE) stands at 14.14. During subscription the IPO was 425 times oversubscribed. Shenwan Hongyuan …
China May See An Unprecedented Drop In LNG Imports Next Year
China’s LNG imports could see an unprecedented decline this year as a result of high landing prices for the superchilled fuel, increased coal-fired power production, and increased domestic gas supply …
Biden Plans Talks With China’s Xi Soon
“I think I’ll be talking to President Xi within the next 10 days,” Biden told reporters as he returned from a climate-related trip to Massachusetts. The long-discussed call between the two leaders, …
Manolo Blahnik Wins 22-Year China Trademark Battle
The British stiletto maker says the “meaningful” victory means it can finally start selling to the country’s 1.4-billion-strong market.
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