House to try suspending cap on borrowing authority next week WASHINGTON (AP) — House Democrats said Friday they planned to take action next week to suspend the cap on the government’s borrowing …
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China Digest: Outdoor furniture brand Outer raises $50m; BEASTER nets over $30m
Outer’s funding round attracted new investors including Tribe Capital, Adrian Cheng’s C Ventures, and Upfront Ventures.
Demand in China could boost natural rubber prices
LONDON—Far East natural rubber markets continued to decline in the two weeks to Sept. 10, as the August decline in Chinese imports fueled concerns over slowing demand. On Sept. 9, rubber futures in …
China Township start-up advances to final round of Coolest Thing Made in Michigan contest
DB Delivery Solutions, the China Township-based startup, has made it to the final round of the “Coolest Thing Made in Michigan” contest from the Michigan Manufacturers Association. The company has …
Amazon Kicks Out 600 Chinese Brands for Fake Reviews
Chinese brands and shut down 3,000 merchant accounts since May in a crackdown on violations including fake reviews, a company vice president for Asia said. Most of the sellers were involved in paid or …
Top China Audio App Flags Risks From Regulatory Crackdown Ahead of IPO
China’s largest podcast and audio app operator Ximalaya Inc., which is seeking an initial public offering in Hong Kong, has warned prospective investors that it could fall foul of online publishing …
Shanghai Pilots Offshore Use of Digital Yuan on Conflux Blockchain
The city of Shanghai opened a blockchain research lab out of the Shanghai Maritime University for enhanced fintech innovation.
Shanghai Man: China declares victory over crypto — Is this the end of the crackdown? – Cointelegraph Magazine
Victory for the regulators After a tumultuous summer of crackdowns, the Chinese regulators are declaring their victory in eliminating illegal cryptocurrency trading activities in the country. This …
Podcast Leader Ximalaya Mounts New IPO Bid Closer to Home in Hong Kong
Ximalaya’s ditching of its New York listing plan in favor of Hong Kong could mark the start of a new trend for Chinese tech firms that previously favored the …
Wall Street’s Love Affair With China Is Headed For Trouble
Throughout 2020, even as back-to-back U.S. administrations were mobilizing “China Free” supply chain initiatives and sanctioning Chinese companies and individuals for a host of issues—from the South …
China’s wheat imports reach highest level in more than two decades
China is the world’s largest consumer of wheat, accounting for 19 percent of global wheat consumption in marketing year 2020/21 (July–June), more than four times the U.S. share. China also became a …
CAPPMA head: China’s exports will continue to decrease
Imports of seafood into China dropped by 15 to 17 percent in 2020 [and] the margin of decrease will be similar this year. The volume of imports has not recovered to its 2019 levels. The…
Outer Finds $50M In Funding For Outdoor Living Brand
Santa Monica-based direct-to-consumer brand Outer, which sells outdoor living furniture and related products, has raised $50M in a Series B funding round, the company said this week. The funding was …
