A number of protests have broken out in China after some local banks suddenly went offline last month. “I can’t access the app right now,” said a Shanghai man who deposited 2 million yuan in Yu Zhou X...
Tag: Chinese
Chinese Banks Overflow With Cash That Nobody Wants to Borrow
(Bloomberg) — Chinese authorities are facing an uphill battle convincing companies and households to boost borrowing as long as Covid outbreaks and lockdowns continue to crush confidence. Most R...
Chinese Crypto Laws Stressing STEPN To Gum Up Mainland Users
Anurag Batham is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the cryp...
Chinese Mining Billionaire To Invest $300 Million In Zimbabwe Lithium Project
A grinding mill installed at the Arcadia Lithium mine on January 11, 2022 in Goromonzi, Zimbabwe on … [+] January 11, 2022. Tafadzwa Ufumeli/Getty Images Shanghai-listed mining company Zhejiang ...
Is the United States bill seeking to Ban Chinese CBDC Digital Yuan?
Tensions among both countries can take another turn after the entry of this hot issue where a US bill is seeking to remove the Digital Yuan from App stores At many instances, Chinese institutions and ...
Alibaba Shares Jump As Chinese E-Commerce Giant Posts Record Transactions
Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, Photographer: … [+] Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP Alibaba’s stock jumped in Hong Kong afte...
STEPN to block Mainland Chinese users by July 15
STEPN, a cryptocurrency trading game that offers nonfungible tokens (NFTs), will ban users in mainland China in order to comply with Chinese regulatory standards. Starting from mid-summer, the move-to...
Recovering despite lack of Chinese visitors
Air travel in Singapore is recovering and has reached around 40% of pre-Covid levels despite China’s border restrictions, Transport Minister S. Iswaran said. China’s passenger traffic is s...
What Didi’s ‘train wreck’ delisting means for US-listed Chinese companies
Just 11-months after making a splash in a $4.4 billion IPO, Didi shareholders made official Monday what has long been considered inevitable and approved a plan to delist its shares from the New York S...
Chinese buyers not living in lockdown shake off EV price hikes
Guangzhou-based Xpeng is one of several Chinese electric car companies that’s started to expand overseas. Feature China | Future Publishing | Getty Images BEIJING — In a sign Chinese drivers are...
Arweave gains traction of Chinese content creators
Arweave, a blockchain-based storage solution, may be a new form of blockchain supported by Moore’s Law of the declining price of information storage. Users pay directly for 100 years of storage at low...
Chinese green bond issuers must improve disclosures to ensure growth of sustainable finance market, report says
Chinese green bond issuers lag behind global peers in revealing how the proceeds are used, highlighting the need for improved disclosures in the world’s second largest climate bonds market, acco...
Chinese producers lament loss of once-lucrative Russian deals
At a machinery exporter in the Chinese megacity of Nanjing, He Liyuan was dubbed “sales champion” last year – a distinction that the sales manager earned while focusing on the Russia...
Chinese, Australian Investors Battle for Largest Lithium Deposit
(Bloomberg) — Most Read from Bloomberg Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from ...
Arweave Attracts More Chinese Content Creators in Fight Against Censorship
In China, residents turn to NFTs stored on the blockchain using Arweave to record moments of the pandemic and other censorable media. Arweave, a blockchain-based storage solution, is a new type of blo...
Chinese firms ‘told to stop work on Russian Arctic LNG 2 project’ due to EU sanctions
At least five Chinese companies will have to stop work on Russia’s Arctic LNG 2 project in northern Siberia by the end of this month, according to an industry publication, due to EU sanctions ag...
Alibaba Leads Chinese Tech Stocks Into Another Slump. Why More Pain Could Come.
Text size Alibaba stock is down almost 30% this year. Greg Baker/AFP via Getty Images Chinese tech stocks can’t catch a break. Overseas markets have followed Wall Street lower on Thursday after the ug...
A Non-Alcoholic Baijiu Enters The Fray
Baijiu is the world’s most consumed spirit. Now, a non-alcoholic iteration plans to expand it’s … [+] presence. Lyre’s Lyre’s, the world’s most valuable non-alcoholic spirits b...
Covert Chinese Bitcoin Miners Still Account For 21% of Network Hashrate: Report
China has reemerged as a major Bitcoin mining hub, with covert miners accounting for more than one-fifth of the network’s hash rate, according to data from the Cambridge Digital Assets Programme (CDAP...
J.P. Morgan Says Buy Tencent and Alibaba. Why They’re Now Positive on Chinese Tech Stocks.
Text size Regulatory change had come sooner than the analysts had anticipated. Greg Baker/AFP via Getty Images Tencent Holdings and Alibaba Group saw their stock jump Tuesday after catching an upgrade...
This Chinese City tops in Digital Yuan Transactions worth $3m in the testing phase!
Asian Economic Superpower China has been keeping its best foot forward in order to dominate the digital currency space Most probably, the efforts of Chinese financial institutions to stay ahead in the...
Here’s Why JPMorgan Upgraded Alibaba, Other Chinese Stocks Months After Calling Them ‘Uninvestable’
Motley Fool 2 Reasons Why Sea Limited Stock Is Falling Today Shares of Sea Limited (NYSE: SE), a digital entertainment and e-commerce company, were tumbling today likely for two reasons. First, some i...
Chinese Wind-Turbine Companies Seek Global Growth as Western Rivals Struggle
TARANTO, Italy—Chinese wind-turbine makers have grown big on the back of their rapidly growing home market. Now they want to expand abroad, putting further pressure on Western wind-turbine makers, whi...
Bitcoin Protected Under Chinese Law, Says China High Court
A new ruling from the Shanghai High People’s Court in China added a new twist to its view on cryptocurrency after declaring Bitcoin as a virtual asset protected by Chinese law. The Court also deemed B...