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Saturday, Jan 22, 2022
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Ant Group is connected to former Hangzhou party secretary's corruption case
Ant Group is connected to a corruption scandal involving the former party secretary of Chinese technology hub Hangzhou, the Financial Times reported on Friday, citing public records and sources.
China's New Regulations For Entertainment, Tech Giants' Expansion: Report
A new directive by China seems to be most problematic for Alibaba and Tencent as both have hatched vast online transfer, deposit-taking and insurance services, said the report.
"No Mercy" To Corrupt: China Warns As It Ramps Up Corruption Crackdown
Beijing has warned of further investigation into corruption in the financial sector and state-owned enterprises.
China state planner to punish monopolies in internet platform industry
China's central government has issued a series on opinions aimed at better cracking down on monopolies, unfair competition, and user data issues in China's sprawling internet platform economy.
US Examining Alibaba's Cloud Unit For National Security Risks: Report
The focus of the probe is on how the company stores US clients' data, including personal information and intellectual property. The potential for Beijing to disrupt access by US users to their information stored on Alibaba cloud is also ...
China names its most successful financial app
One-fifth of China’s population has already installed the central bank’s pilot e-CNY wallets
Analysis: China is still the ultimate prize that Western banks can't resist
For many companies, doing business in China is getting trickier by the day. But Western banks and asset managers are more than willing to up their bets on the world's second biggest economy, convinced that the opportunities remain too go...
Hong Kong’s NFT start-ups vie to be next Bored Apes in a crowded space
Working professionals in Hong Kong are leaving job security behind to start their own NFT projects, but their rapid rise in the span of a few months has increased concerns of a bubble.
America builds military bases around the world. China builds economic ones
Beijing’s new deal with Rabat, which could turn Morocco into a key trade hub for Europe and Africa, shows how China is using strategic thinking rather than military muscle to extend its influence globally.
Meta/Facebook voted worst company of 2021: survey
Facebook, which was recently rebranded as "Meta," was rated the worst company of the year according to a recent survey.
This sector of the economy raised a record half trillion dollars in 2021
Initial public offerings, or IPOs, in which a company’s shares are sold to investors on one or more stock exchanges, raised a record $594 billion in 2021 globally, according to data providers.
China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal
A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.
It's 'game over' for U.S.-listed Chinese companies, global asset manager says
Chinese companies listed on Wall Street will likely to be cut off from U.S. capital markets in the next three years, says TCW Group's David Loevinger.
'Potential for damage incalculable': Experts sound alarm over cyber vulnerability in widely used software
While the first victims hit by hackers were Minecraft players, experts warn the cyber vulnerability could soon be exploited by spies and organised criminals.
Critical software bug sets ‘internet on fire’
Cybersecurity experts have raised the alarm about a previously unknown critical flaw in a commonly used software tool that could potentially allow hackers to compromise millions of devices connected to the internet.
China sets rules to safeguard drivers' rights in ride-hailing industry
China outlined new rules on Tuesday to safeguard the rights of drivers in its giant ride-hailing industry, requiring operators of the services to provide them with social insurance and make their earnings public.
How driverless cars will change our world
Self-driving vehicles are steadily becoming a reality despite the many hurdles still to be overcome – and they could change our world in some unexpected ways.
Autonomous "Robotaxis" Debut On China Streets
Beijing this week approved its first autonomous taxis for commercial use, bringing dozens of the so-called "robotaxis" to the streets of the Chinese capital.
Stressed by parenting? Evolution can explain why
What can ants and meerkats teach us about parenting? Evolutionary biologist Nichola Raihani uncovers the ancient social instincts that still shape our families today.
China's Singles' Day sees surge in 'nationalist' spending
From local fashion brands to traditional medicine, hot selling items during this year's Singles' Day shopping bonanza were mostly home-grown goods, reflecting rising nationalist sentiment among Chinese consumers.
"For The Accused It's Simple": China's Blocked #MeToo Movement
China's #MeToo Movement: China's tennis star Peng Shuai had accused a former top Communist Party politician of sexually assaulting her.
Alibaba shares plunge nearly 11% after warning of slower growth
Shares of Alibaba plummeted in Hong Kong on Friday after the tech giant warned of weaker growth this year as China's economy slows and Beijing continues its regulatory crackdown.
Hong Kong shares down on Alibaba, losses limited by property
Hong Kong shares ended the session lower on Friday, dragged lower by Chinese e-commerce giant Alibaba after it reported disappointing earnings.
China's Weibo cleared for Hong Kong secondary listing -filings
Chinese social media company Weibo Corporation has been approved by the Hong Kong Stock Exchange’s listing committee to sell shares in the city, according to regulatory filings, giving it a secondary listing alongside New York.
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