More and more Asian companies have announced share buybacks in recent weeks. Chinese internet giant Alibaba has said it will increase its share buyback program from $15 billion to $25 billion. Sheldon...
Tag: Chinese
Alibaba, Tencent, Other Chinese Stocks Are in Free Fall. It’s About Xi Jinping.
Shares in Chinese companies were plunging Monday as markets reacted to the consolidation of power by President Xi Jinping, after he was confirmed to a historic third term as leader of the world’s seco...
Chinese yuan down to lowest since 2007 as Xi ensures his reign for the foreseeable future
As inflation batters, global economies, central banks, and the Federal Reserve (Fed) all scrambled to raise rates in an attempt to rein in inflation. Such aggressive moves by the Fed pushed Chinese tr...
Chinese streaming platform implements smart contracts to handle copyright issues
China’s iQIYI — a streaming platform similar to Netflix — is looking to implement Ethereum (ETH) smart contract standard ERC-3475 to handle copyright issues. The news was announced on DeBond’s medium ...
Xi Jinping’s Power Grab Spooks China Investors
Xi Jinping waves as he leaves after speaking at a press event with members of the new Standing Committee of the Politburo at The Great Hall of People on October 23, 2022 in Beijing, China. Kevin Fraye...
Chinese Markets Tumble as Xi’s Tightening Grip Alarms Investors
(Bloomberg) — China’s yuan weakened and country’s stocks tumbled to the lowest level since the depths of the 2008 global financial crisis in Hong Kong, a stark rebuke of President Xi Jinping’s m...
European Auto Makers Face 2023 Profit Hit While Industry Seeks China Import Action
The rear of a DS E-Tense Performance electric concept car at the Paris Motor Show. The biennial … [+] Paris Motor Show is also known as the Mondial de l’automobile. Photographer: Nathan La...
Chinese Markets Are Sinking Fast as Xi Fails to Boost Confidence
(Bloomberg) — The selloff in Chinese assets is intensifying as this week’s Communist Party Congress disappoints traders wanting relief from a strict Covid-Zero policy and help for an economy mir...
Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar – Finance Bitcoin News
Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against t...
Transactions in Chinese Digital Currency Exceed 100 Billion Yuan
58 mins ago | 2 mins read Altcoin News The central bank stated that 360 million transactions were involved in the outlay. 5.6 million businesses across 15 provinces and municipalities now accept digit...
Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says – Finance Bitcoin News
Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants...
Over $13 Billion Spent In Chinese Digital Yuan, Central Bank Reveals
Over $13 Billion Spent In Chinese Digital Yuan, Central Bank RevealsTransactions using Chinese CBDC surpass 100 billion yuanOctober 13, 2022The People’s Bank Of China revealed that transactions using ...
U.S. Suppliers Halt Operations at Top Chinese Memory Chip Maker
BEIJING–U.S. chip-equipment suppliers are pulling out staff based at China’s leading memory-chip maker and pausing business activities there, according to people familiar with the matter, as they grap...
Chinese Investors Craze For Oryen Network Over Tamadoge And Big Eyes Coin
A big rush among Chinese investors to purchase Oryen network (ORY), Tamadoge (TAMA), and Big Eyes Coin (BIG) has surprised many, but these Chinese investors seem to be ahead of the curve. An investiga...
First Digital Yuan Land Transfer Executed in Chinese Province of Fujian
The Fuzhou University of International Studies and Trade paid 51 million yuan in the first land transfer fee paid in the digital yuan CBDC. The province of Fujian in China has executed its first digit...
Chinese chip stocks tumble after U.S. calls for new curbs on high-end tech
A worker at a chips factory in Chongqing, China, on March 30, 2022. Future Publishing | Future Publishing | Getty Images The U.S. said it would grant a temporary license from Oct. 21 through to April ...
Can Chinese Wisdom Justify $661 Price?
Tao Te Ching takes its name from the ancient book of Chinese wisdom, but is this microcap memecoin with its ultra low circulating supply the way, or no way at all? To find out more, Be[In]Crypto lifts...
Chinese Tech Billionaire Richard Liu Settles Sexual-Assault Case in Minnesota
MINNEAPOLIS—A legal battle that Chinese feminists had seen as pivotal for the country’s embattled #MeToo movement ended abruptly just before a jury was set to hear the case in a Minnesota courtroom. R...
Chinese Invasion Of Taiwan Not ‘Imminent’
Topline Defense Secretary Lloyd Austin said Sunday he does not believe a Chinese invasion of Taiwan is imminent, while declaring the U.S. was committed to “helping Taiwan develop the capability to def...
Dallas Man Charged in $26 Million Real Estate Scam Involving Chinese Investors
A Dallas real estate developer accused of scamming Chinese investors out of more than $26 million was indicted Tuesday on charges of wire fraud and securities fraud. Timothy Lynch Barton, 59, presiden...
Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD – Bitcoin News
Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the curre...
Bitcoin Tumbles After Crossing $20K in Topsy-Turvy Trading; How Chinese Universities Teach Blockchain
But Xi’s ambition had and continues to have an inherent contradiction. While blockchain technology is admired by the Chinese, its most popular application, cryptocurrencies, is now illegal. In the pas...
Chinese police arrest crypto criminals for laundering over $5B
As the nation increases measures to curb illegal financial flows, Chinese police have dismantled a huge criminal organization reportedly responsible for a 40 billion yuan (US$5.6 billion) crypto money...
Chinese Crypto Billionaire Jihan Wu Buys Singapore’s Fort Knox
Jihan Wu owned crypto mining firm, Bitdeer Technologies, bought a maximum-security vault, Le Freeport in Singapore. Wu purchased Le Freeport for $28.4 Million and made the business expansion into the ...
Weaker Demand for Chinese Goods Spells End of Shipping Boom
(Bloomberg) — The cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles, dimming prospects for container carriers that turned in ...
Singapore’s Temasek leads investment in Chinese start-up Well-Link
In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassb...
Chinese police seize criminal gang suspected of laundering over $5 billion in crypto
The Hengyang County Public Security Bureau in China conducted a news conference on September 23, 2022, to discuss the “100-day operation” of the summer public security crackdown. Nine cases were publi...
Chinese police seize criminal suspected of laundering over $5 billion in crypto
The Hengyang County Public Security Bureau in China conducted a news conference on September 23, 2022, to discuss the “100-day operation” of the summer public security crackdown. Nine cases were publi...