“Economic headwinds coupled [with] intensifying market competition also affected our core commerce business in China,” Alibaba CEO Daniel Zhang told analysts in the call on Thursday. Yet, despite this …
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Rubio opposes Biden’s Export-Import Bank nominee over pro-China ties
Sen. Marco Rubio has announced his opposition to President Joe Biden’s nominee to lead the Export-Import Bank following a Washington Examiner report on her role as a strategic adviser for a pro-China …
China’s manufacturing advantage at risk as restrictions mount and competition intensifies, leading engineer warns
Adviser to Beijing suggests that China set up a vocational education system to train talent for advanced manufacturing as nation tries to stave off international competition Pandemic has accelerated …
To Fight Crypto Competitors, More Central Banks Eye Digital Currencies of Their Own
A growing number of central banks – in countries with some of the largest populations – are taking aim at cryptos by using CBDCs as a weapon of monetary policy.
European Union unveils $340 billion infra spend to rival China
To finance the project, the EU will use its European Fund for Sustainable Development Plus and will offer grants of up to 18 billion euros from external assistance programs …
Prisemi IPO Mints China’s Latest Semiconductor Industry Billionaire
China added its latest billionaire from the semiconductor industry on Wednesday following the listing of Shanghai Prisemi Electronics at Shares in the company rose by 53.81 yuan to close at 188.62 …
India-China trade deficit at $30 bn in April-Sept. ‘21
Trade deficit between India and China stood at $30.07 billion during April-September 2021, Parliament was informed on Wednesday. India’s exports to China during the April-September 2021 period were …
Belt and Road Initiative makes winners of all: China Daily editorial
It also alleged that “the quality of employment created by Belt and Road projects “is far from being decent”, asking, obviously in a challenging way, whether the initiative is “a true win-win …
‘China threat theory’ an ideological disorder of the US, UK: Global Times editorial
What we would like to say is that this is only the US’ opinion and that China has no intention of engaging in an arms race with the US, as it’s against the interests of…
Greenland seeks to boost profile in China with new Beijing office
Greenland opened a new office in Beijing last week with a view to boosting its profile in China. “For the past 10 years, the Naalakkersuisut [Greenlandic government] has been promoting business in …
EU unveils Global Gateway, its alternative to China’s BRI
Economies in Eastern Europe and the Western Balkans – and further afield – will now have a further option to finance important and much needed investment in infrastructure.
Blockchain Security Firm CertiK Raises $80M at Nearly $1B Valuation
Blockchain cybersecurity company CertiK has raised $80 million in a Series B2 funding round led by Sequoia Capital China that pushed its valuation to nearly $1 billion, the company announced in a blog …
Markai raises $4M from Pear VC, Sea Capital and others to buy Chinese e-commerce brands
China has attracted yet another e-commerce roll-up to enter its gargantuan e-commerce market. Markai, founded by two Stanford business school grads, has joined the fray to buy out Chinese brands …
