U.S-listed shares of Alibaba Group Holding Ltd. and Nio Inc. were among Chinese names trading higher in morning action Friday after the Securities and Exchange Commission announced that it has struck ...
Tag: Chinese
Huobi Halts International Operations. Incubates Chinese NFT Platform – iBox.
After halting out country operations iBox to process refunds till September 2022. The international platform of iBox was selling NFTs denominated in USDT stablecoin iBox is a widely popular Chin...
U.S., China Near Deal to Allow Audit Inspection of N.Y.-Listed Chinese Companies
SINGAPORE—The U.S. and China are nearing an agreement that would allow American accounting regulators to travel to Hong Kong to inspect the audit records of Chinese companies listed in New York, accor...
Chinese financiers skeptical of Beijing’s property rescue call
China’s efforts to free its economy from the weight of its troubled property sector seems to be getting new epilogues each day. The scare of a US-style 2008 collapse is pushing the government to intro...
Richest Chinese Billionaire’s Flagship Posts Double-Digit Profit Rise In Tough Economy
Nongfu Spring Chairman Zhong Shanshan in 2013. (Photo by STR/CNS/AFP via Getty Images) CNS/AFP via Getty Images You don’t get to be China’s richest man without a lot of business acumen, and Zhong Shan...
Billionaire Ren Zhengfei Urges Huawei To Focus On Survival Amid Global Recession
Ren Zhengfei gives an interview while visiting Taiyuan, north China’s Shanxi Province, on February 9, 2021. Xinhua News Agency/Getty Images Ren Zhengfei, the billionaire founder of Chinese smart...
The largest Chinese e-commerce company you have never heard of is about to enter the U.S. with a model to challenge Amazon’s dominance
Chinese e-commerce company Pinduoduo improbably climbed the ranks of China’s e-commerce industry to become one of the country’s most powerful tech firms, even though it launched years later than estab...
Chinese Mining Firm Canaan Inc Doubles Revenue Despite Bitcoin Ban
Canaan Inc, a Chinese cryptocurrency mining giant and computing resource provider, has reported a better than expected revenue, despite the ban on crypto mining and transaction activities in China. As...
Binance CEO CZ lashes out at Chinese media, The Block for spreading FUD
Crypto exchange giant Binance‘s CEO Changpeng Chao (CZ) posted a thread on his Twitter account, lashing out at the major Chinese news site 163 for publishing fake news on Binance to spread FUD. The CE...
Chinese property developers’ cash flows have plunged by more than 20%
Analysts generally expect state-owned enterprises will perform better than non-state-owned developers in the latest real estate slump. Pictured here in Guangxi, China, on Aug. 15, 2022, is a real esta...
Russia’s ‘Fake’ Robot Gun Dog — And The Real Armed Robots
One of the unexpected stars of Russia’s Army-22 trade show was a robot dog dressed as a ninja and carrying an RPG-26 rocket launcher. However, the Twittersphere quickly spotted that the outfit looked ...
China’s Electric Car Makers Poised To Raise Their Game In Europe
LYNK&CO 01 SUV car on the Auto Expo. LYNK&CO, is a new high-end auto brand jointly developed by … [+] GEELY Automobile and Volvo Motor. (Photo by Zhang Peng/LightRocket via Getty Images)...
China’s biggest Wall Street bull just liquidated his Alibaba stake amid fire sale of five Chinese stocks
Bridgewater Associates founder Ray Dalio, perhaps China’s biggest bull on Wall Street, unloaded his firm’s entire stake in e-commerce giant Alibaba amid a fire sale of its holdings in U.S.-listed Chin...
ETH Falls Below $1,900 as Markets React to Weakening Chinese Economy – Market Updates Bitcoin News
Ethereum fell below $1,900 earlier today, as crypto markets continued to react to disappointing economic data from China. Figures for July showed that both retail sales and industrial production in Ch...
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...
What a Chinese Blockade of Taiwan Would Mean for Global Business
Beijing considers Taiwan, a democratically ruled island near mainland China, as part of its territory. When U.S. House Speaker Nancy Pelosi visited Taiwan this month to support its government, Beijing...
The ‘writing is on the wall’ for ‘Chimerica’ on U.S. stock exchanges as $318 billion of Chinese equity flees Wall Street
For months, federal regulators have increased pressure on Beijing and Chinese companies that trade on U.S. stock exchanges to comply with American listing rules. But on Friday, five of China’s biggest...
Taiwan Turns to Ethereum IPFS Tech to Thwart Chinese Cyberattacks
Looking to boost its cybersecurity defenses against cyberattacks from China and other adversaries, Taiwan’s Ministry of Digital Affairs has adopted IPFS technology to safeguard its infrastructur...
Chinese Crypto Tycoon Wants $3 Billion for Huobi Stake Deal
Leon Li, the co-founder of global crypto exchange Huobi is wrapping up plans to sell most of his shares in the company valued at $3 billion Bloomberg reports. According to Houbi group spokesperson, Li...
Delisting of Chinese ADRs Is Part of the New Cold War
There’s battle lines being drawn…Nobody’s right if everybody’s wrong. It’s time for a little Buffalo Springfield, as the tensions between the U.S and China heat up. Accor...
Three Chinese corporate giants are leaving the New York Stock Exchange
Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies...
Wave of Chinese companies including PetroChina and Sinopec say they will de-list from NYSE
PetroChina PTR, +1.81%, China Life Insurance LFC, +2.32%, Sinopec SHI, +0.50% and Aluminum Corp. of China ACH, +0.98% have separately announced their intention to delist from the New York Stock Exchan...
American Universities Are Losing Chinese Students To Rivals: U.S.-China Business Forum
“What we’re seeing at the moment is softness in the enthusiasm of Chinese students and their parents … [+]s to enroll in U.S. institutions,” John Quelch, dean of the University of Miami He...
Taiwan Carries Out Artillery Firing Drills Amid Chinese Military War Games
Topline Taiwan’s military carried out artillery firing drills in its southernmost region on Tuesday in response to China’s unprecedented live fire exercises around the island which had been sche...
Chinese Crisis Affecting Bitcoin Drastically
The Market for Bitcoin is a Hazardous Assets The present dispute between China and Taiwan over Taiwan’s sovereignty is having an impact on the price of bitcoin. After Nancy Pelosi, the speaker o...
China Carries Out Biggest-Ever Military Drills Around Taiwan
Topline The Chinese military on Thursday carried out missile strikes as part of its biggest-ever military drills surrounding Taiwan, just a day after a U.S. delegation led by Speaker Nancy Pelosi visi...
Prominent Chinese Ethereum Miner Wants to Resist Merge, Create Fork
As Ethereum takes its final steps toward the merge—the network’s much-hyped move to proof of stake—an influential crypto miner is looking to create a movement to resist that transition. Chandler Guo, ...
Ethereum POW Fork Is ‘Coming Soon’, Says Chinese Miner
A Chinese Bitcoin miner has claimed that a Proof of Work (POW) fork for Ethereum is “coming soon” as Ethereum prepares to migrate to its Proof of Stake (POS) consensus mechanism. If Ethereum is able t...