ByteDance Ltd. is offering to buy back as much as $3 billion of its own shares from investors at a valuation of about $300 billion, giving existing backers a way to cash out after plans…
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Invesco raises $5.4 billion in China investments in first half; flags economic risks
U.S. asset manager Invesco’s Chinese joint venture withstood a volatile first half and attracted $5.4 billion from local investors, but the country’s persistent zero-COVID policy poses a threat to the …
China’s consumer, factory activity improve but still weak
Chinese consumer spending and factory output edged up in August but still were weak, official data showed Friday, and forecasters warned the second-largest economy is vulnerable to repeated shutdowns …
Chinese court unbans crypto trading but there’s a catch
A Chinese court unbans crypto trading for its citizens in a case that involved Litecoin but it should not be used as a legal tender.
China to further improve business environment, lower costs for companies
China has rolled out new measures to optimize its business environment, aiming to ease current strains on small businesses and cement the foundations of economic recovery, according to a guideline …
Reform and opening-up, dual engine for China’s economic growth
The persistent efforts in reform and opening-up transformed China into the engine and pillar of the global economy.
Kenya’s China-Built Railway to Lose Business, Shifting Cost to Taxpayers
President Ruto’s decision to shift cargo clearance operations back to Mombasa has many concerned the railway will lose business to trucking companies …
Report: China’s share of global trade growth to plunge in next 5 years
China’s share of all trade growth will drop to 13% over the next five years from 26% over the past six years, a new report from DHL and NYU’s Stern School of Business predicts.
China plays both sides in crypto: Trading is legal, crypto payments illegal
A court in Beijing ruled that locals are permitted to trade in cryptocurrencies, the catch was that crypto cannot be used as a substitute for money. Despite several bans on Bitcoin and …
The Download: The Merge arrives, and China’s AI image censorship
We won’t know right away whether the Merge lives up to its transformative promise. Power dynamics are still a concern, and some of the scaling efficiencies that supporters are most excited about may …
Inside Puyi Optical’s Success in China
The eyewear retailer from Hong Kong has become an important ally to brands who are serious about their eyewear business in the world’s biggest luxury market.
China Mulling U-Turn for More Fuel Exports to Revive Growth
(Bloomberg) — China is considering allowing its oil refiners to export more fuel in an attempt to help revive its economy, which would be a reversal from a focus on minimizing emissions. Most Read …
U.S. Senate to grill SEC’s Gensler over climate, China and crypto
An aggressive regulator is critical to maintaining the United States as the “gold standard” for capital markets, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler will tell the U.S.
