Meicai, a Chinese app that supplies farm-to-table produce for restaurants, is starting a new round of layoffs which will affect around 40% of the company’s workforce, Chinese media outlet iFeng …
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China to create own NFT industry based on state-backed blockchain infrastructure, main developer says
The BSN-Distributed Digital Certificate does not support crypto-transacted NFTs, and will allow businesses and individuals to build apps and portals to manage tokens The new infrastructure has the …
Bitcoin price LIVE – Crypto could pass $100,000 in value after recovery sees it pull away from ‘death cross’
BITCOIN is bouncing back after a massive crash in recent days, with some experts especially bullish on its potential. Some experts think the cryptocurrency could hit a target value of $100,000 …
China’s zero-Covid strategy hurts consumer spending more than manufacturing
Manufacturers are less affected by city lockdowns since factories are typically spread out in suburban industrial parks, according to an economist at the EIU.
CUHK Business School Research Finds the Rise of Rail Along China’s Belt and Road Stimulates the Maritime Freight Market and Local Economies
“As China continues the rapid development of its high-speed rail … the two modes of transport operate in a way that is complementary to each other. CUHK Business School comprises two schools – …
Sequoia Capital China Snatches South Korean Brand We11done
At the same time, 60 percent stake of the brand’s operator Rare Market was reportedly sold to Sequoia Capital for $84 million.
Market exchange rates in China — Jan. 13
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. The central…
Badiucao Explains How China Exports Its Propaganda and Censorship to the West
In this interview Badiucao explains the role of his art, linked to a past of family persecutions since the Mao era. How did this former law student become a dissident artist under the wing of…
Sequoia Capital China Acquires Majority Stake in We11done
The deal will help Seoul-based We11done to accelerate growth of its direct-to-consumer business across China, Europe and the US, BoF can reveal.
Buyout Firm TPG Prices IPO Within Range at $29.50 a Share
Private equity firm TPG Inc. priced its initial public offering at the midpoint of a marketed range, according to a person familiar with the matter.Most Read from BloombergFrequent Boosters Spur …
China to Supply Nearly 40 Percent of Bangladesh’s Petroleum Imports
Dhaka officials approved contracts to buy diesel, gasoline and jet fuel from five countries for the first half of 2022.
General Motors (GM) Posts Solid China Sales, Launches CarBravo
General Motors (GM) delivers robust sales growth across its brands in China. It launches the path-breaking used-vehicle website, CarBravo, offering a novel shopping experience to customers.
South Korea’s supply chain reliance on China leaves it more exposed than the US, Japan: report
Some 29.3 per cent of South Korea’s material parts imports came from China in 2020, higher than Japan and the United States, a new report says South Korea’s import reliance is most pressing in four…
