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Friday, Sep 24, 2021
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Alipay users can make payments at offline merchants in Hong Kong
Ant Bank has announced that it has launched cross-border payment services for its subsidiary e-wallet Alipay (Macao), so users can pay at offline merchants in Hong Kong.
Alibaba pledges $15.5 billion to help China achieve 'common prosperity'
Alibaba is pouring 100 billion yuan ($15.5 billion) into China's drive to achieve "common prosperity," marking the latest big pledge from a Chinese company to support President Xi Jinping's campaign.
The secretive Chinese upstart 'making fast fashion look slow'
Every night before bed, Anushka Sachan whips out her phone to log into an app.
China bans men it sees as not masculine enough from TV
China’s government banned effeminate men on TV and told broadcasters Thursday to promote “revolutionary culture,” broadening a campaign to tighten control over business and society and enforce official morality.
China cuts amount of time minors can spend playing online video games
Under-18s will be allowed to play online games for one hour on Fridays, weekends and holidays
Hong Kong chosen to host Asia’s premier tech summit for next 5 years
It is unclear how international delegates will be able to attend the annual RISE Conference next March if stringent border control measures remain in place.
City made rich by China’s tech boom snared in Xi’s crackdown on corruption
President Xi’s crackdown on China’s billionaires has ensnared the most senior party official in a city that fuelled the country’s tech boom.
China plans to ban US IPOs for data-heavy tech firms
China’s stock regulator plans to propose new rules that could thwart internet companies’ plans to list in the U.S.
A Chinese technology giant is donating all its profits to charity
One of China's biggest tech firms has pledged to hand over its entire profit for the last quarter to rural development projects in the country as Beijing steps up the pressure for wealth redistribution.
China Big Tech ‘less powerful’ under Beijing’s tough new data privacy law
The PIPL, along with China’s Data Security Law that comes into effect next week, will put an end to the freewheeling, data-driven business expansion of Chinese internet giants.
The party’s over: China clamps down on its tech billionaires
The startling rise to wealth of the nation’s entrepreneurs has been an affront to Beijing’s political philosophy and increasingly, a threat to the communist party
Anticorruption watchdog investigates Hangzhou party boss
Zhou Jiangyong, 54, has been accused of serious violations of discipline and law.
China passes one of the world’s strictest data-privacy laws
China has approved a sweeping privacy law that will curb data collection by technology companies, but that policy analysts say is unlikely to limit the state’s widespread use of surveillance.
Two Big US Investment Funds Adopt Soros’ Strategy of Dumping Chinese Stock Assets
The shift in American capital movements is taking place amid a massive sell-off of shares of Chinese companies, prompted in no small part by Beijing's perceived crackdown on private IT and education firms.
Western Business Media Fume as China Unveils Five-Year Plan Featuring More Corporate Regulation
Chinese regulators have gradually worked to close taxation loopholes and improve regulatory regimes in recent years, particularly amid the continued escalation of tensions with the United States, which has engaged the fledgling economic ...
China roundup: Alibaba’s sexual assault scandal and more delayed IPOs
A sexual assault case at Alibaba has sparked a new round of #MeToo reckoning in China. Industry observers believe this is a watershed moment for the fight against China’s allegedly misogynist tech industry. Meanwhile, social media operat...
Hong Kong stocks extend drop on crackdown woes before July economic reports
Hong Kong stocks declined amid lingering concerns about regulatory crackdown in China, while traders braced for key data on China’s economic pulse amid a resurgence in delta cases.
China investors turn to renewables, chips, to avoid regulators' attention
Investors in China are turning to semiconductors, renewable energy and consumer-focused firms in the belief they offer safe-harbour from a blizzard of regulatory action that has battered confidence and forced funds to overhaul their port...
Alibaba to Fire Manager Accused of Raping Colleague, Beijing Recalls Ambassador to Lithuania, Hong Kong Teachers’ Union to Disband
Illicit trading of human placenta in China continues despite ban, and Evergrande in talks to sell stakes in EV and property services units
Hong Kong stocks erase gains as China imposes curbs to stem Delta cases
Hong Kong stocks fell as mainland traders turned net sellers again on Stock Connect amid concerns about the spread of Delta variant in several mainland provinces.
Shopify and Alipay Enable Hong Kong Merchants To Tap Over 1.2 Billion Shoppers Across Asia
Alipay today announced that it has expanded partnership with Shopify to the multinational e-commerce platform’s Hong Kong merchants, who can now enjoy inclusive payment gateway services tapping into altogether more than 1.2 billion users...
Hong Kong stocks skid on Tencent setback as state media slams gaming ‘opium’
Hong Kong stocks declined as traders remain skittish on the extent of Beijing’s regulatory crackdown. The latest attack on mobile-gaming addiction sent Tencent and NetEase tumbling.
Firm controlled by JD.com founder cleared to set up Chinese cargo airline
A company controlled by the founder of China's e-commerce giant JD.com Inc (9618.HK) has been granted approval to set up a new cargo airline based in the eastern province of Jiangsu, China's aviation regulator said on Tuesday.
China's war on everything turns towards its own tycoons, with Jack Ma being a prime example
The aggressive economic approach the Chinese Communist Party has taken to its perceived enemies is also being used against some of its most wealthy citizens, writes Ian Verrender.
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