Beijing asks Didi to delist in New York over data security concerns November 26, 2021 Chinese regulators have pressured top executives of ride hailing giant Didi to pull together a plan to delist from the New York Stock Exchange over data security fears, according to reports. Beijing’s Cyberspace Administration of China (CAC) – the body that has cracked down on the likes of Ant Group and Alibaba in the last [...]
Peng Shuai: What we know, the IOC and the Olympic Games November 24, 2021 The curious case of Peng Shuai gets curiouser and curiouser as the days roll by. From initial allegations, to a prolonged period away from public view, to a court-side appearance, to a video call with International Olympic Committee (IOC) president Thomas Bach. It’s almost unbelievable. The timeline began on 2 November, when Peng accused a [...]
Alibaba shares slide five per cent as earnings fall short of forecasts November 18, 2021 Alibaba shares tumbled five per cent after the company’s third quarter financials disappointed investors. In results released today, Chinese tech giant Alibaba revealed that revenue for the three months to October 2021 was $31.1bn (£23bn), up by 29 per cent compared to a year prior, but a far cry from analyst predictions of $32.1bn Net [...]
China mulls cybersecurity review for companies seeking Hong Kong IPO November 14, 2021 China has ramped up its oversight of mainland companies holding data that seek a listing in Hong Kong with a proposed new law mandating a cybersecurity review. Under the the new draft regulation, published by China’s cyberspace regulator today, officials would impose a cybersecurity review on such companies if a listing is deemed to have [...]
China exports surge despite port disruptions at regional lockdowns November 8, 2021 Asia markets have got the week off to a quiet start this week, with the latest China trade data for October giving a mixed insight into the world’s second biggest economy. The last couple of months have proved to be “fairly resilient” ones for China trade, despite disruption at Chinese ports, and the various lockdown restrictions [...]
China opposes U.S. block of China Telecom November 3, 2021 China “resolutely opposes” Washington’s revocation of China Telecom licence to operate in the United States, the information ministry said, urging a reversal of the move. “This is an unreasonable suppression of Chinese enterprises by abuse of state power and a serious breach of international economic and trade rules,” the Chinese regulator added. The decision made by [...]
Yahoo exits China due to challenging business environment November 2, 2021 Yahoo said it had stopped allowing its services to be accessible from mainland China as of 1st November "in recognition of the increasingly challenging business and legal environment."
China’s small cities barred from reaching for the stars with sky scraping vanity projects October 28, 2021 China has put limits on smaller cities, restricting their ability to build “super high-rise buildings”, for fear of indulging in too many vanity projects. The country, home to the largest number of tall buildings in the world, has already banned buildings taller than 500 metres – which joins another ban on “ugly architecture” from earlier [...]
Ericsson to make further reductions in China after Q3 results October 20, 2021 The Swedish telecommunications company plans to reduce its operations in China after suffering a fall in sales post Huawei ban, as well as ongoing supply chain disruptions.
‘No Sino-phobes’: UK will not ‘pitchfork’ business from China despite Hong Kong and human rights October 19, 2021 Boris Johnson has told the Chinese business community the UK has no intention to “pitchfork away” investment from China despite ongoing differences with Beijing over human rights and Hong Kong. Ahead of the Global Investment Summit in London, later today, the Prime Minister said China would continue to play a “gigantic part” in UK economic [...]