According to local news outlet Sohu.com, on Tuesday, the state-owned Bank of China announced a new program to bridge primary school education with smart contracts. In a combined partnership with local...
Tag: China
Tencent Rumored Meituan Sale Weighs On Hong Kong, Can The China Real Estate Phoenix Rise From The Ashes?
China Last Night KraneShares Key News Asian equities were largely higher as the Philippines had a strong day while Japan and Hong Kong were off. Hong Kong was up through mid-day/intra-day with a high ...
Alibaba, JD.com, and Bilibili Fall on Report Tencent to Sell Meituan Stake
Text size Tencent holds a 17% stake in food delivery company Meituan. GREG BAKER/AFP via Getty Images Alibaba, JD.com and some of China’s biggest companies saw billions wiped off their value Tuesday...
Tencent Shuts Down China NFT Platform Citing Increasing Scrutiny
Chinese social media giant Tencent Holdings has closed its non-fungible tokens (NFT) platform Huanhe after just one year of operation. The move comes as regulatory scrutiny of NFTs mounts in the count...
The World’s Largest Hedge Fund Sold 5 Chinese Stocks. Here’s Why.
Text size Bridgewater Associates no longer owned stock in Alibaba Group Holding as of June 30, according to a regulatory filing. Alibaba’s headquarters in Hangzhou, China, is pictured above. STR...
Disney, Poshmark, Vroom and more
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Check out the companies making headlines in midday trading Monday. Poshmark — Shares of the ...
China Declares Fresh Military Drills Around Taiwan After More U.S. Lawmakers Visit
Topline China on Monday announced plans to restart military drills around Taiwan in response to a U.S. Congressional delegation’s weekend visit to the island that Beijing considers part of its territo...
So, Just How Bad Is China Right Now, Really?
Since Covid struck in 2020, it seems China has been on a different cycle compared to the rest of the world. It experienced the slowdown before the rest of the world and then started growing out of it ...
Economy Takes Center Stage, Prompting The PBOC To Take Action
China Last Night KraneShares Key News Asian equities were mixed overnight as India was closed for Independence Day and South Korea was closed for Liberation Day. Mainland China and Hong Kong both boun...
Stocks Struggle After ‘Underwhelming’ Data From China Sparks Global Recession Fears
Topline The stock market moved slightly lower on Monday as disappointing economic data out of China led to rising concerns about a global recession and a drop in oil prices; meanwhile, investors are l...
Oil Prices Plunge To Six-Month Low As New Data Shows China Economy Unexpectedly Deteriorated Last Month
Topline Oil prices plummeted to the lowest level in months on Monday morning after worse-than-expected data from China showed its economy unexpectedly slowed last month—fueling concerns that weaker ma...
What Stocks Are Making Moves Monday? Li Auto, NIO, Peloton, and More.
Text size A trader works on the floor of the New York Stock Exchange. Michael Nagle/Bloomberg Stock futures were trading lower Monday after China cut interest rates following data that showed the worl...
Oil Extends Losses as Traders Weigh China Outlook, Iran Supply
(Bloomberg) — Oil extended losses at the start of the week as traders weighed concerns about Chinese demand and the prospect for more Iranian supply. Most Read from Bloomberg West Texas Intermed...
China Surprises With Rate Cut as Data Shows ‘Alarming’ Slowdown
(Bloomberg) — China’s central bank unexpectedly cut its key interest rates as it ramps up support for an economy weighed by Covid lockdowns and a deepening property downturn. Most Read from Bloo...
Stocks Set to Rise as Traders Await Key China Data: Markets Wrap
(Bloomberg) — A global rebound in stocks looks set to support Asian bourses as trading gets underway Monday ahead of key reports on China’s economic activity and liquidity operations by the nati...
China Crisis Wipes Out $90 Billion of Developer Market Value
(Bloomberg) — Chinese developers have suffered a meltdown of at least $90 billion in stocks and dollar bonds this year, with a bursting housing bubble and an intensifying debt crisis threatening...
Illumina Stock Crashes As Covid, China Hammer Second-Quarter Results
Illumina stock crashed Friday after the DNA sequencer broadly lagged Wall Street’s quarterly forecasts and slashed its outlook for the year. X The struggles stem from macro challenges, Canaccord...
Doing Business In China Is Getting Harder: U.S.-China Business Forum
Sean Stein Forbes China At the start of 2022, American companies on the ground in China were optimistic about the business outlook, surveys found. Confidence had rebounded to pre-2017 levels, based in...
American Companies Escape China Sanctions Over Pelosi Visit: U.S.-China Forum
National Committee on U.S.-China Relations President Steve Orlins at the 4th U.S.-China Business … [+] Forum. Ethan Covey Photography When China was unhappy with South Korea over its decision to...
CHIPS And Science Act Is Now Law. That Doesn’t Mean Policymakers’ Work Is Done.
The legislative graveyard is filled with examples of bills that Congress failed to fully fund. WASHINGTON, DC – AUGUST 9: U.S. President Joe Biden coughs while speaking before signing the CHIPS ...
‘Moon Man’ Becomes The (Pretty Great) Blockbuster China Needed
TAIYUAN, CHINA – JULY 25: Actor Shen Teng (L3), actress Ma Li (R3) and actor Huang Cailun (R2) attend the road show of film ‘Moon Man’ on July 25, 2022 in Taiyuan, Shanxi Province of...
9 Chip Stocks That Look Like Buys
Text size Nvidia now expects July quarter revenue to be $6.7 billion, up only 3% from the year-ago period. The company had previously forecast $8.1 billion in revenue. Dreamstime These are troubling t...
Peloton, Toast, Illumina and more
Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making the ...
Several Large Chinese-Owned Companies Announce Plans To Delist From NYSE
Topline In an apparently coordinated action, at least four major state-owned Chinese companies said Friday they intend to delist their stocks in the U.S., as Beijing appears unwilling to bend to incre...
Why SOE ADR Delisting Is A Good Thing, Real Estate Policy Lifts Sector, MSCI’s Quarterly Index Review, Week In Review
China Last Night KraneShares Week in Review Asian equities were largely higher this week as China released better-than-expected trade data, indicating that the global economy could be recovering somew...
Google Searches For Extreme Weather Events Peaked This Summer As U.S. Battled Floods And Heatwaves
Topline Online search interest in phrases like “heat wave” hit an all-time peak this summer as record-breaking high temperatures and extreme weather events across the U.S. are increasingly drawing pub...