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Monday, May 10, 2021
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TikTok Hires Thousands to Challenge E-Commerce King Alibaba
Zhang Yiming built ByteDance Ltd. into the world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target: Alibaba.
The age of cyber warfare is a threat to us all
In his recent State of the Nation address, Vladimir Putin said that if challenged by another state, Russia’s response would be swift, harsh and ‘asymmetrical’. An unusual word, but anyone who has been paying attention to the developments...
China Vanke Explores Property Management IPO
China Vanke is again preparing to publicly list its property management wing in Hong Kong, with the hope of raising up to $2 billion.
US-China tensions hinder ByteDance IPO plan, sources say
TikTok and Douyin owner ByteDance face difficulties in restructuring to meet US and China regulations, sources said, while demands from various stakeholders are also complicating the company’s plans to go public.
The world is 'on the verge of the abyss’, says UN
The UN Secretary-General António Guterres gives a stark warning as the climate crisis looks set to worsen.
China fines internet giant Alibaba for 'abusing its dominant position'
The Alibaba Group, the world's biggest e-commerce company, was fined €2.3 billion by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries.
Bulls and bears tussle as China's stock markets stumble
Long-term potential clouded by tighter liquidity and curbs on tech sector
The woman building HSBC's 3,000 roaming banker army
HSBC has started hiring hundreds of bankers under a new venture to seek out wealthy clients across China.
Is Alibaba's fate a warning to China’s tech giants?
It's been a tough week for Chinese tech firms.
Exclusive: China's Ant explores ways for Jack Ma to exit as Beijing piles pressure
Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing’...
Special Report - Learning FinTech beyond Hong Kong
The technological sector associated with finance needs to advance further in Macau, but it should not be dependent on what happens in the neighbouring Special Administrative Region.
China Cracked Down on Its Internet Giants. The Rebound Will Be Slow.
China’s definition of anticompetitive practices looks elastic, leaving markets to guess which internet player might be severely punished in the future.
China Internet Companies Move To Comply With Regulations & Rebound
Several Chinese internet companies responded to yesterday’s meeting and statement from the State Administration for Market Regulation that they would move quickly to comply with regulations within the one-month grace period.
China is aiming to achieve the historic release of the “digital yuan” in 2022 to coincide with the Beijing Winter Olympics. By creating the world’s first sovereign digital currency, China aims to challenge the preeminence of the dollar s...
Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators
Chinese online insurance technology firm Waterdrop Inc is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people familiar with the situation told Reuters.
China fines Alibaba record $2.75 billion for anti-monopoly violations
China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
Exclusive: China's antitrust regulator bulking up as crackdown on behemoths widens
China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters.
Huawei To Shutter Cloud Computing, AI Business Groups Amid Restructuring As US-China Trade War Bites
The news reveals troubles faced by the Shenzhen-based firm, namely amid the ongoing US trade war on China and ongoing COVID-19 pandemic, according to media reports.
China mulls new bourse to lure overseas-listed firms
Beijing is exploring options to establish a new stock exchange that targets firms listed overseas and could bolster the global status of its onshore share markets, Reuters reported, citing sources.
Chinese apps join celebs in backlash against Western fashion brands over Xinjiang
China’s top ride-hailing app dropped Swedish fashion retailer H&M from its listings as Chinese celebrities stopped endorsing foreign labels in a growing uproar over Western accusations of “forced labour” in Xinjiang.
H&M and Nike are facing a boycott in China
H&M, Nike and other big Western apparel brands are facing a boycott in China because of the stand they've taken against the alleged use of forced labor to produce cotton in the country's western region of Xinjiang.
Why did Alibaba's Jack Ma disappear for three months?
Jack Ma was about to become the richest man in China.
Musk says Tesla would be shut down if its cars spied in China, elsewhere
Tesla Inc chief executive Elon Musk said on Saturday his company would be shut down if its cars were used to spy, his first comments on news that China’s military has banned Teslas from its facilities.
China's Xi Jinping warns of tech crackdown, Alibaba pulled from app stores
CCP officials on Monday warned of tech giants 'growing in an inappropriate manner'
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