But rarely can they destabilize an industry or imperil a fast-growing sector of the economy. Yet, that may have just happened, or be about to happen, in two long-anticipated IPOs: Didi Global and …
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Chinese youth snub foreign brands in favor of ‘China chic’
Of the 236 brands that drew more than 100 million yuan in sales during the midyear event, over 70% were Chinese, the company said. Luxury products in particular enjoyed a boost from affluent shoppers …
New online business is booming in China
Behind these impressive numbers is a booming online business – or we can call it “new industries, new business forms and new business models.” The “three new concepts” in China have seen significant …
Russell: Bearish or bullish? China’s variegated June commodity imports
(The opinions expressed here are those of the author, Clyde Russell, a columnist for Reuters.) China’s imports of major commodities in June presented a mixed picture of weakness and strength, …
Europe’s new tax on high-carbon imports is bad news for China
The most controversial of these proposals is the so-called carbon border adjustment, which would be the world’s first, requiring importers of certain goods to pay a tax to access the bloc. The exact …
China chip imports surges in June as firms stock up amid global shortage
Semiconductor imports in China have maintained its growth momentum in June 2021. The region noted high imports to meet the massive demand of integrated circuits (IC) of the country for the production …
As China and Ukraine vow infrastructure cooperation, Kyiv offers to be Beijing’s ‘bridge to Europe’
Volodymyr Zelensky has restated Ukraine’s position supporting the unity of China and Xi Jinping said China supported the territorial integrity of Ukraine.
How China and India are helping shape the future of CBDCs and Bitcoin
China could be ready to launch the digital yuan in early 2022, and India is building a CBDC framework while also warming up to Bitcoin.
Lalamove considers shifting planned US$1 billion IPO to Hong Kong amid heightened scrutiny by Beijing
Hong Kong logistics start-up Lalamove is considering moving its planned US$1 billion initial public offering to Hong Kong as a crackdown on technology firms and a series of new rules on overseas …
China’s crackdown on Didi may signal tougher curbs on tech
The Peterson Institute’s Martin Chorzempa believes the state wants greater control of information, but he doesn’t expect delisting from foreign exchanges.
China Crypto Mining Crackdown Continues to Eastern Province
Anhui, a province in eastern China, has become the latest in the country to crack down on cryptocurrency mining.
Chinese brands to use UTG in foldable smartphone arriving in H2 2021
Major smartphone brands in China will apparently shift to UTG (Ultra Thin Glass) for their upcoming foldable handsets. These OEMs will opt for these panels as voer windows on flexible phones launching …
Tech: What Didi’s IPO flop means for Grab and GoTo
IT had been billed “the IPO of the year” and the largest China listing in the US since e-commerce giant Alibaba Group Holding Ltd’s debut in 2014. Yet, when Beijing-based Didi Global Inc, the Uber…
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