Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market…
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Tesla Is Offering Cash Rebates in China. The EV Price War Might Not Be Over.
Tesla said it would offer Chinese buyers a cash rebate if they had a referral from an existing owner, a day after joining an agreement to end a price war.
Blockchain Gaming Studio Mugen Interactive Partners with Mysten Labs and Launched the First GameFi Prediction Protocol on Sui Network
Hong Kong, China, July 07, 2023 (GLOBE NEWSWIRE) — Mugen Interactive, an emerging blockchain gaming studio, launched their first game, Legend of Arcadia, on Sui, in partnership with Mysten Labs, a …
VW China’s Boss Says Discounting EVs Will Ultimately Hurt Local Consumers
It is with this in mind that VW will not make aggressive price cuts to its EVs in China purely in an effort to increase sales and grow its various brands. Instead, it is more…
Taiwan June exports slump the most in 14 years on weak China, US demand
Taiwan’s exports fell more than expected in June, slumping the most in almost 14 years, as the island struggled with persistent weakness in demand from the U.S. and China for its hi-tech products. As Taiwan…
Trade War Heats Up With China’s Export Restrictions on Two Critical Minerals
“China will impose export restrictions on industrial products and materials containing gallium and germanium from August 1 to ensure its national security and interests,” China Daily, a mouthpiece for the Chinese Communist Party,
Yellen criticizes China’s ‘punitive’ actions against US companies, urges market reforms
U.S. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticized the world’s second-largest economy for its recent harsh actions against U.S. companies and new export controls on some critical minerals.
Yellen appeals to China to revive talks and not let technology tensions disrupt ties
Yellen appealed for “regular channels of communication” at a time when relations are strained amid disputes over technology, security and other irritants.
China’s export curbs on raw materials are concerning, Yellen says on Beijing trip
Beijing’s newly unveiled export controls on two strategic raw materials critical to the global chipmaking industry are a “concern,” US Treasury Secretary Janet Yellen said on the first day of her trip …
Yellen criticizes China’s treatment of U.S. companies during visit to improve relations
U.S. Treasury Secretary Janet Yellen has criticized China’s treatment of U.S. companies and new export controls on metals used in semiconductors.
China to end Ant Group’s regulatory revamp with fine of at least $1.1 billion, Reuters reports
The People’s Bank of China has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020.
Yellen raises concerns in China over treatment of U.S. firms, export controls
U.S. Treasury Secretary Janet Yellen expressed concern Friday while in China over Beijing’s treatment of foreign firms and newly imposed export controls on key metals in the manufacturing of semiconductors.
Kexing Biopharm Makes it into China’s Top 20 Biopharmaceutical Enterprises (Blood Products, Vaccines and Insulin) for Two Consecutive Years
Kexing Biopharmaceutical (688136.SH) has accomplished the impressive feat of being recognized on June 27 as one of “China’s Top 20 Biopharmaceutical Enterprises” …
