Despite China’s cryptocurrency ban in 2019, Hong Kong could be the key to bringing more digital asset activity back to the East Asia region, according to blockchain analytics firm Chainalysis.
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China’s BYD poised to overtake Tesla as world’s biggest seller of electric vehicles
HONG KONG – BYD is poised to overtake Elon Musk’s Tesla as the world’s biggest seller of electric vehicles (EVs) as the Chinese automaker’s global sales push gains greater traction.
LVMH’s duty-free unit bets on China luxury hub with mega mall
It’s part of a series of commitments the company is making in the country, DFS China president Nancy Liu said. The expansion highlights global brands’ increasing understanding that China’s wealthy …
Micron on the docket as US Senators head to China amid probe
The bipartisan group of lawmakers is heading to China next week and among other things will raise the issue of Micron’s ability to do business in the company, Bloomberg reported, citing Senator Mike …
US reportedly warns China on chipmaking tool export curb update
As the anniversary of the US’s export ban against China approaches, the White House is reportedly expected to impose stricter curbs on advanced technologies in early October, which the US had warned …
Notebook brands run into challenges moving production beyond China
Notebook brands are being met with challenges trying to relocate notebook production outside of China. Dell has recently encountered quality issues that have impeded its mass production in Vietnam.
China flexes green thumb as it pursues agricultural self-reliance
As the world’s largest durian consumer market, China imported 825,000 tonnes of the fruit in 2022, according to customs data. The Ministry of Agriculture announced in late August it would widen its …
Ramaswamy’s GOP debate rivals tied his business to China, Hunter Biden. What’s behind the attacks?
“This is nonsense,” Ramaswamy responded to Scott. As with many claims about Hunter Biden, President Joe Biden’s son, whose foreign business dealings have drawn Republican scrutiny, the claims are …
China’s ‘opening up’ policy risks becoming an empty promise without going beyond simple business deals
Whether China’s continued opening-up policy is successful is not about choosing the right labels, but whether the rest of the world buys into them. In the early 1980s, Hong Kong investors, out of …
UBS’ Tokenized Money Market Fund Goes Live on Ethereum Blockchain
Leading Swiss asset management bank UBS has announced the debut of its first live pilot of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain in Singapore.
One man’s crisis of confidence in China
China’s economy has not been recovering as fast as hoped for after the zero-COVID policy ended, partly due to a lack of confidence.
How China Cut Off One of Ukraine’s Most Important Weapons
In July, China introduced export controls, which went into effect on September 1, on certain types of drones and equipment in order to safeguard “national security and interests.” At the time, …
How will China’s proposed data export rules affect businesses?
The Cyberspace Administration of China (CAC) has announced new regulation for data imports and exports. In its notice, the CAC has asked for public feedback on the drafted regulations. The draft …