Alibaba revenue tops expectation on pandemic-driven online boom
China’s top e-commerce platform Alibaba Group Holding Ltd (9988.HK), reported a forecast-beating 64% surge in quarterly revenue on Thursday, as more people shopped online due to the coronavirus pandemic. But the strong performance was overshadowed by intense regulatory crackdown that resulted in the suspension of a $37 billion IPO of its affiliate Ant Group and a […]
U.S. removes Xiaomi from blacklist, reversing late China jab by Trump
The U.S Department of Defense will remove China’s Xiaomi Corp (1810.HK) from a government blacklist, a court filing showed, marking a noteworthy reversal by the Biden administration of one of Donald Trump’s last jabs at Beijing before exiting office. The filing stated that the two parties would agree to resolve their ongoing litigation without further contest, bringing […]
Despite highest birth rate, Shenzhen shows challenge of reversing China’s demographic decline
From her four-bedroom flat in an affluent Shenzhen neighbourhood Sharpay Huang, 28-years-old and four months pregnant, is already weighing up how long to wait before having a second child. After graduating from a U.S. college, starting a banking career and getting married, her confidence is typical of many young professionals in the thriving southern technology […]
A Chinese county has banned birthday parties in order to save money!
Birthday parties and other events were specifically prohibited in a county in southwestern China, apparently in response to demands from the central government to be more financially secure. As a result, new funeral and wedding laws were enforced, such as prohibiting cash gifts worth more than 200 yuan (£22, US$31). The laws only extend to […]
Chinese rocket debris set for re-entry by early Sunday – U.S. R&D centre
Remnants of China’s largest rocket launched last week are expected to plunge back through the atmosphere late Saturday or early Sunday, a U.S. federally funded space-focused research and development centre said. China’s foreign ministry said on Friday that most debris from the rocket will be burned up on re-entry and is highly unlikely to cause […]
EXCLUSIVE China urges U.N. states not to attend Xinjiang event next week
China has urged United Nations member states not to attend an event planned next week by Germany, the United States and Britain on the repression of Uyghur Muslims and other minorities in Xinjiang, according to a note seen by Reuters on Friday. “It is a politically-motivated event,” China’s U.N. mission wrote in the note, dated […]
China’s netizens call for crackdown after “blind box” pet rescue
Chinese netizens have urged authorities to crack down on the illegal practice of delivering animals via “blind boxes” after local media reported that 160 puppies and kittens had been rescued from a warehouse in the city of Chengdu on Monday.
G7 mulls a message to China: the West ain’t over just yet
The Group of Seven rich democracies will on Tuesday discuss ways of countering challenges from China and Russia without trying to contain Beijing or escalate tension with the Kremlin, two of its top diplomats said. Founded in 1975 as a forum for the West’s richest nations to discuss crises such as the OPEC oil embargo, […]
EXCLUSIVE Tesla, under scrutiny in China, steps up engagement with regulators
Electric vehicle maker Tesla Inc (TSLA.O), facing scrutiny in China over safety and customer service complaints, is boosting its engagement with mainland regulators and beefing up its government relations team, industry sources said. Tesla’s change of strategy leading to more behind-the-scenes interaction with policymakers in Beijing compared to relatively little previously shows the seriousness with which […]
China says its carrier group conducts exercise in South China Sea
China’s Shandong aircraft carrier task group recently conducted an exercise in the South China Sea, the country’s People’s Liberation Army (PLA) said on Sunday. China has repeatedly complained about United States Navy ships getting close to islands it occupies in the South China Sea, where Vietnam, Malaysia, the Philippines, Brunei and Taiwan all also have […]
