China Last Night KraneShares Key News Asian equities were mostly lower overnight after the US market decline yesterday. Growth equities, including internet stocks, saw positive performance on Tuesday,...
Tag: China
Lithium Prices Skyrocket As China Cements Leadership Position
Lithium prices are through the roof, and they’re not going down any time soon. As an essential component of electric cars and solar power, the demand for lithium-ion batteries is going to keep on clim...
Here’s how Chinese media is covering Ukraine
The Shanghai branch of the Communist Party newspaper, People’s Daily, on Feb. 27, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — In China, tightly controlled coverage of Ru...
China Shunning Russian Coal With Banks Nervous Over Sanctions
(Bloomberg) — Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on ...
What Russia trades with the US, China, Brazil and the world — Quartz
The west continues to roll out sanctions against Russia for invading Ukraine. There are restrictions on the paths its airlines can fly, the banking systems it can use, and even the soccer tournaments ...
Chinese Self-Driving Truck Startup Secures $188 Million In Funding From Sequoia China And Legend Capital
Inceptio’s autonomous driving heavy-duty trucks. Courtesy of Inceptio Autonomous driving truck startup Inceptio Technology has raised a $188 million funding round led by Sequoia Capital China an...
Baidu Stock Jumps Even as Earnings Miss Estimates. Here’s What to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Baidu & IQiyi Report Q4, China PMIs Higher Than Expected
China Last Night KraneShares Key News Asian equities were mostly higher overnight. Internet and growth stocks rose overnight as Baidu reported positive Q4 2021 earnings that beat estimates. China rele...
Baidu Stock Jumps Even as Earnings Miss Estimates. There Are Big Things to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Yuan steady after strong China manufacturing PMI data
The USD/CNY price had a difficult January as the Chinese yuan continued its comeback against the US dollar. The index dropped to a multi-month low of 6.3023, which was about 1.12% below the highest le...
Is The Worst Over For China’s Internet Giants?
Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Monday, Feb. … [+] 21, 2022. (Photo by Qilai Shen/Bloomberg) © 2022 Bloomberg Finance LP China’s largest i...
Bitcoin Mining More Damaging To The Environment After China Ban, Study Says
The China bitcoin mining ban that took place mid-last year was no doubt a heavy blow to the space. It saw the hash rate from the region which was once termed the mining capital of the world crumble to...
Know how China Mining Ban had increased Bitcoin’s Carbon Footprint
Beijing’s crackdown on the crypto mining business has increased Bitcoin’s carbon footprint. According to the survey, the percentage of renewable energy utilized to power mining activities has dropped...
Ghost Of John Maynard Keynes Haunts Japan’s Economy
Japan’s Prime Minister Fumio Kishida gestures as he speaks during a news conference at the prime … [+] minister’s official residence in Tokyo on October 4, 2021. TORU HANAI/POOL/AFP ...
Bitcoin network’s carbon emission jumped 17% after China ban: Report
Bitcoin network’s proof-of-work mining consensus has been a topic of evironmental, social and governance (ESG) debates for a long time and a new study may only add to the growing controversy around BT...
New Study Claims China Ban Has Worsened Bitcoin’s Carbon Emissions
One of the most over-flogged issues within the crypto space is the issue of carbon emission associated with Bitcoin mining. Before now, Bitcoin miners were mostly concentrated in China. Mining activi...
China breaking: Crypto traders to serve over 10 years in jail
BEIJING, May 18 (Reuters) – China has prohibited financial institutions and payment businesses from offering services connected to cryptocurrency transactions and has urged investors against participa...
China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims – Mining Bitcoin News
Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-frie...
China Made Cryptocurrency Fundraising Illegal, And Those Who Break It May Face Prison Time
The court defined substantial amount fundraising as over 100,000 yuan ($15,800). If the fundraiser involves a large sum of 50 million yuan, a loss of at least 25 million yuan, or 5,000 people, it is c...
Opportunity Or A Fool’s Errand?
Emily Pickrell, UH Energy Scholar Bolivian President Evo Morales (R) receives from Mining Minister Roberto Echazu, the first … [+] laboratory samples of lithium carbonate, a compound used in med...
China outlaws crypto fundraising, offenders could face jail sentences
Under new legal interpretation from China’s Supreme People’s Court, raising funds using cryptocurrency is deemed as an illegal activity in the country, according to South China Morning Post. The new b...
China now threatens jail for raising funds for crypto
Chinese lawmakers have gone a step further in trying to ensure that cryptocurrencies are stamped out once and for all in the country. Those found guilty of raising funds for crypto projects can now fa...
Mainland China Outperforms Hong Kong As Investors Assess Geopolitical Risk, Internet Stocks Rebound, Week In Review
China Last Night KraneShares Week In Review Asian equities began the week lower on fears of a Russian invasion of Ukraine and came under further pressure Thursday when the invasion materialized. Mainl...
Li Auto Posts Second Straight Quarterly Profit. The Stock Is Rising.
Text size Li Auto ONE Courtesy of Li Auto Chinese electric-vehicle maker Li Auto reported a profitable fourth quarter even as the company ramped up spending on vehicle development. The results looked ...
China’s Overtime Culture Under Scrutiny After Tech Worker’s Death
People walk past the headquarters of ByteDance, the parent company of video sharing app TikTok, in … [+] Beijing on September 16, 2020. GREG BAKER/AFP via Getty Images ByteDance, operator of the...
China criminalizes crypto fundraising, offenders will face jail sentences
TL;DR Breakdown: Crypto fundraising in China has now become a criminal offence. Offenders could be punished with jail sentences. After banning cryptocurrency trading and mining, China has now declare...
China Passes Law That Criminalizes Fundraising In Digital Assets
China has passed a new policy that will make fundraising with cryptocurrencies and other forms of digital assets illegal in the country. The new policy, initiated by the Chinese Supreme Court, is aime...
China CBDC Is No Government Version of Bitcoin; Terra’s Luna, Other Altcoins Jump
At the time of publication, bitcoin was trading below $37,500, down about 2% over the past 24 hours. Ether, the second-largest crypto by market cap, was changing hands below $2,600, down about 1% duri...
Beyond Meat (BYND) Q4 2021 earnings miss estimates, stock tumbles
Packages of Beyond Meat Inc.’s plant based meat products, Beyond Burger and Beyond Sausage, are displayed at a supermarket on November 19, 2020 in Katwijk, Netherlands Yuriko Nakao | Getty Image...
Alibaba Reaches 1.3 Billion Annual Active Consumers, Russian Invasion In Ukraine Sends Asia Equities Lower
Key News Asian equities were a sea of red overnight as Russia began an offensive in Ukraine, citing support for breakaway eastern provinces, but launching airstrikes as far away as Kyiv. Alibaba repor...