Two people hold two Shein bags after entering SHEIN’s first physical store in Madrid, Spain, June 2, 2022. Cezaro De Luca | Europa Press | Getty Images Chinese fast-fashion giant Shein hopes to ...
Tag: Chinese
Chinese Investors Might “Buy the Dip” When Bitcoin Hits $18,000: Survey
Arman Shirinyan Some traders and investors believe that there is still room to fall for Bitcoin and Ethereum The 70% dip of Bitcoin on the cryptocurrency market might not be enough for some crypto inv...
Cardano Founder Mocks Chinese Banking Crisis with Ironic Statement
Gamza Khanzadaev Cardano founder points out irony of traditional finance amid China’s ongoing protests The founder of Cardano, famous crypto-entrepreneur Charles Hoskinson, ironically commented ...
Luxury Takes Center Stage At China’s Fourth Busiest Airport You’ve Probably Never Heard Of
Chongqing Airport in China serves a large municipality of over 30 million inhabitants. (Photo by He … [+] Penglei/China News Service via Getty Images) China News Service via Getty Images More Ch...
Alibaba And Tencent Fined In China Tech Crackdown
Getty Images Key takeaways Stocks in China plunged Monday as the country’s anti-monopoly authority announced multiple fines for failure to report past merger activities Alibaba and Tencent (a Chinese ...
Chinese companies look to U.S. and Asia as growth slows at home
BEIJING — Some Chinese consumer brands are looking for growth overseas, in markets like the U.S. and Southeast Asia. Take Miniso, a Guangdong-based seller of toys and household products. Sometimes cal...
Chinese Homebuyers Across 22 Cities Refuse to Pay Mortgages
(Bloomberg) — Across China, homebuyers are refusing to pay mortgages as property developers drag on construction projects, escalating the country’s real estate crisis and risks of bad debt for b...
Why Bitcoin? Chinese Protesters Demand Frozen Deposits
Over 1,000 Chinese protesters stormed Zhengzhou, a city in China’s central province Henan, on Sunday to express their disapproval of the fund freeze carried out by local banks, and also retrieve their...
BABA shares fall over 9% as Chinese government fines the company
Alibaba (NYSE: BABA) has had a tough start to the week losing over 9% during the trading session on July 11. The drop seems to be related to the fine the company received from the Chinese regulatory b...
Chinese Electric Car Giant BYD’s Slump Fuels Speculation on Warren Buffet Adjusting Holdings
(Bloomberg) — BYD Co. shares sank the most in nearly two years after a stake matching the size of Berkshire Hathaway Inc.’s position in the Chinese electric-car giant appeared in Hong Kong’s cle...
Chinese Court Says That Wage Payment in USDT Is Against the Law
Last year wasn’t a smooth ride for crypto in China, if anything, it was the opposite. Starting with prohibiting financial institutions from making any transactions in crypto to stopping domestic minin...
The case for Bitcoin strengthens as Chinese bank depositors riot over frozen accounts
Social media footage shows crowds of angry people in Zhengzhou, the largest city in Henan province, protesting the freezing of accounts by some rural banks. Local media reported that the deposits held...
Wind And Solar Production Grow As AI Fights Wildfires And Tesla Stares Down Its Chinese Rivals
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Los Angeles Times via Getty Images Last w...
STEPN Price Drop Soon? Chinese User Account Removal Nears
STEPN’s upcoming closure of services to China mainland users is nearing. Owing to the regulatory policies by the Chinese government, STEPN had in May this year said it would stop providing GPS to Chin...
Chinese EV Billionaire Shrugs Off Lockdown Pain To Add $7 Billion Fortune
Chinese electric car maker BYD is not only surviving the disruptions caused by the country’s Covid lockdowns, but the company appears to be thriving like never before. BYD’s stock has jumped just over...
Here’s why Chinese stocks BABA, BIDU, JD rose
China’s Ministry of Finance is entertaining the idea of giving local governments the opportunity to sell special bonds. If this idea comes to fruition, it would mean that the governments will sell 1.5...
Here’s why Chinese stocks BABA, BIDU, JD rise
China’s Ministry of Finance is entertaining the idea of giving local governments the opportunity to sell special bonds. If this idea comes to fruition, it would mean that the governments will sell 1.5...
Chinese Court Declares All Salary Payments in USDT Stablecoin Illegal – crypto.news
A Chinese court has deemed the Tether USDT stablecoin unsuitable for salary payments following the nation’s blanket ban on all types of crypto transactions. China’s Cold Relationship with Cryptocurren...
Chinese Court Reaffirms Stablecoins are Not Legal Tender
It is already about a year since China banned transactions involving digital currency transactions, and a Chaoyang Court in Beijing has further reiterated that cryptocurrencies are not a legal tender ...
‘Chinese Tesla’ To Drive Lifestyle-Based Nio House Across Europe
The Nio House in Oslo is less a dealership and more a brand statement of intent. (Photo by Zhu … [+] Sheng/Xinhua via Getty Images) Xinhua News Agency via Getty Images Last Fall a new pretender ...
No Coins For You! Chinese Court Declares Salary Payments In USDT Stablecoin Illegal ⋆ ZyCrypto
Advertisement     Although Chinese authorities previously banned cryptocurrency trading and mining outright and caused the closure of many crypto-related businesses in...
BYD, Chinese EV Rivals Turning Into Tesla’s Toughest Competition
BYD began selling its Han electric sedan, priced from about $32,000 in China, earlier this year. BYD Elon Musk’s Tesla was the clear global leader in electric vehicle sales at the start of 2022, power...
Salary payments in USDT stablecoin ruled as illegal in the Chinese court
Despite the Chinese government banning all kinds of cryptocurrency transactions last year, some firms apparently still use stablecoins like Tether (USDT) to pay their employees. Beijing’s Chaoyang Dis...
1 Billion Chinese Resident’s Data Being Sold For 10 Bitcoins by Hacker
According to current figures, the asking sum totals $202,806. Claims have been made that the Shanghai National Police database was hacked. An unidentified hacker allegedly took approximately 23 teraby...
Chinese Tech Giants Alibaba, Tencent to Require ID Checks for NFT Purchases
Tencent, Ant Group, Baidu, JD.com, and several other leading Chinese tech companies last week issued a “self-disciplined development proposal” for the “digital collectible industry” that would introdu...