The indictment said Chinese law enforcement authorities in early 2021 froze certain Alameda cryptocurrency trading accounts on two of China’s largest cryptocurrency exchanges. The accounts, it said, …
Tagged By import
Tech giants caught between escalating U.S.-China tensions
Apple CEO Tim Cook for the first time since the pandemic traveled to China this weekend, where he touted the company’s strong relationship with the country at a business conference organized by the …
Chip equipment exports to China tumble as U.S. pushes decoupling
TOKYO — Exports of semiconductor-manufacturing equipment from the U.S. and Japan to China fell for the first time in three years in 2022 as Washington stepped up its trade restrictions on advanced …
MNCs View China International Import Expo as Launch Pad into Chinese Market
SHANGHAI, March 28, 2023 /PRNewswire/ — CIIE, as the world’s first national-level import-themed trade expo launched in 2018 … at the expo for long-term business relations with China. The fifth CIIE …
China’s Alibaba to break up business empire into six units, IPOs expected
“It releases additional value,” said Kenny Ng, a strategist at China Everbright Securities in Hong Kong. “With this expectation, investors will be more positive on Alibaba. It may reflect a new round …
Column: China’s 2023 crude oil imports set for 6.2% rise, but risks prevail
China’s crude oil imports will average 10.8 million barrels per day (bpd) in 2023, matching the previous record high from 2020, according to the think tank of the country’s leading energy group.
Boss of failed crypto firm accused of China bribe
Fried, head of failed crypto firm FTX, has been accused of bribing at least one Chinese official. In new charges unveiled in the US, officials accuse the entrepreneur of authorising a bribe of “at …
FTX founder Bankman-Fried charged with paying $40 million bribe to China
On Tuesday, Bankman-Fried is accused in new indictment of paying $40 million bribe to unlock frozen crypto in China. (AP Photo/John Minchillo, File) NEW YORK — FTX founder Sam Bankman-Fried was …
China tech giant Alibaba to split into six companies, pursue IPOs
Both Alibaba’s announcement and Ma’s return came as Beijing attempts to reignite confidence in China’s approach to business. The country’s economy has suffered in the wake of a significant regulatory …
Smuggler tries to sneak 239 CPUs past Chinese customs by strapping them to his body
Facepalm: One might imagine that with so many individuals caught smuggling hardware into China, people would decide it just wasn’t worth the risk. But no. Not only has another person tried to avoid …
Alibaba stock jumps 10% as the Chinese tech giant begins its biggest reorganization ever and eyes new IPOs
The news comes just a day after cofounder Jack Ma was seen in China for the first time in nearly a year after Beijing’s crackdown on top tech firms. Alibaba plans to divide its business…
Jack Ma’s Alibaba empire to be broken up after Beijing crackdown
China’s regulatory crackdown has weighed on Alibaba’s share price, which has fallen around 70pc since November 2020, when Mr Ma attracted the ire of Beijing officials … and potentially to seek its …
Alibaba to split into 6 groups, separate IPOs expected
Alibaba founder Jack Ma has kept a low profile since late 2020, when a speech he made attacking Chinese regulators was followed by Beijing pulling the plug on Alibaba affiliate Ant Group’s planned IPO …
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