Chinese electric-vehicle maker Nio Inc. late Thursday reported quarterly sales slightly above Wall Street expectations, vowing to make 2022 a year of “reacceleration” for its business and to sell its ...
Tag: Chinese
Is Luckin Coffee the Chinese answer to Starbucks after robust Q4 2021 results?
China’s Luckin Coffee Inc. (OTCMKTS:LKNCY) announced a revenue of RMB2.432 billion or US$381.7 million in Q4 2021. The revenue was an increase of 80.7% from the previous year. The company also narrowe...
Chinese Internet Giants Tencent And Alibaba Are Tightening NFT Rules, Here’s Why
Chinese internet giants Tencent and Alibaba have tightened certain rules on their respective NFT marketplaces, as part of preemptive measures to avoid any further regulatory crackdowns in the country....
Chinese Platform WeChat Removes NFT Platforms: Lack of Regulatory Clarity
Chinese Social Media Platform WeChat has recently opted to upgrade its policies to restrict or remove NFT platforms. Scepticism is hovering around the NFT space concerning Regulatory clarity, an...
ACGA discusses outlook for U.S.-listed Chinese firms
The delisting of U.S.-listed Chinese stocks may come in the next two to three years, according to Jamie Allen of the Asian Corporate Governance Association. “There doesn’t seem to be a hug...
Chinese Tech Giants Pull the Plug on NFTs to Wade Off Regulatory Crackdown
Known for the government’s broad-based crackdown on tech companies, China’s native tech companies, including WeChat from Tencent and WhaleTalk from Ant Group, have started changing their receptiveness...
Chinese Tech Giants Pulls the Plug on NFTs to Wade Off Regulatory Crackdown
Known for the government’s broad-based crackdown on tech companies, China’s native tech companies, including WeChat from Tencent and WhaleTalk from Ant Group, have started changing their receptiveness...
Chinese Tech Giants Updates Rules to Curb NFT-Induced Crackdown
The move from the Chinese tech giants is a proactive approach to be on the good side with the regulators who have been seeing many reasons to crack down on the country’s technology outfits in recent m...
U.S. Will Restrict Visas For Chinese Officials Involved In Uyghur Repression, Blinken Says
Topline The State Department will impose visa restrictions on Chinese government officials it believes are complicit in the repression of minority groups, dissidents and activists in China or in the U...
Chinese Stocks Drop Again As Worries Remain| Investor’s Business Daily
Chinese stocks tumbled Monday, including internet giants such as Alibaba (BABA), Baidu (BIDU) and JD.com (JD), despite upbeat comments by government officials last week. X The positive comments from C...
Chinese internet giants remove NFT platforms fearing gov’t crackdown
China’s leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing gove...
Sanctions-hit Chinese facial recognition firm DeepGlint in muted trading debut in Shanghai, with US$1 billion market cap
Chinese artificial intelligence (AI) company DeepGlint, which once targeted a US$300 billion valuation, made its trading debut in Shanghai on Thursday, but quickly saw its share price decline amid the...
Chinese market rally disguises concerns over deglobalisation
After a day on which US-listed Chinese stocks had exploded 33 per cent higher and the Hang Seng Technology Index had staged its biggest ever one-day gain, a veteran Asia investor at one of the world’s...
Global Exodus From Chinese Markets Prompts Xi to Change Tack
(Bloomberg) — It took one of the biggest stock-market routs in Chinese history, but President Xi Jinping may finally be heeding the concerns of international investors. Most Read from Bloomberg ...
Russian consumers rush to snap up Chinese smartphone stocks as the rouble’s value sinks
Major Chinese Android smartphone brands are seeing robust demand this month in Russia, boosted by increased local consumer spending on essential electronics devices, as international sanctions against...
As Chinese Stocks Surge, U.S. Signals Hard Line on Delistings
(Bloomberg) — The U.S. accounting watchdog is insisting that Beijing provide complete access to audits of Chinese companies that trade in New York, setting a high bar for any deal that allows th...
Chinese Stocks Roar As Regulation Fears Ease
Chinese stocks surged Wednesday to their best day since 2008 as government officials signaled their regulatory crackdown could end soon. X Alibaba (BABA), JD.com (JD), Baidu (BIDU) and other Chinese s...
Chinese stocks trading in the U.S. rocket higher after China signals support for the shares
A pedestrian walks past the Alibaba headquarters building in Beijing. Sheldon Cooper/SOPA Images | LightRocket | Getty Images Shares of Chinese companies listed publicly in the U.S. surged Wednesday a...
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — Chi...
Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales
Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global pet...
Chinese Police Cracked a $16 Million Crypto Pyramid Scheme: Report
The Shanghai Public Security Bureau and the Yangpu Public Security Bureau conducted a joint investigation on pyramid schemes using cryptocurrencies. Shortly after, the authorities busted an online pla...
First Batch Of Chinese Streaming Platform MangoTV’s NFT Sold Out In Seconds
On Monday, a Chinese video streaming platform, MangoTV that has 50.4 million subscribers, disclosed the launch of its non-fungible token (NFT) marketplace. MangoTV is China’s fourth most popular...
Panic Selling Grips Chinese Stocks in Biggest Plunge Since 2008
(Bloomberg) — Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing’s close relationship with Russia and renewed regulatory risks spa...
Chinese Stocks in U.S. Spiral After Brutal Selloff in Asia
(Bloomberg) — U.S.-listed Chinese stocks resumed a steep selloff on Monday as concerns about Beijing’s close relationship with Russia added to losses spurred by its crackdown on tech giants and ...
Chinese Education Sector Faces Testing Times Based On Fenbi’s Falling Valuation
Students preparing for the master’s entrance exam in Hainan. (Photo by Sheldon Cooper /SOPA … [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Almost a yea...
Chinese shares plunge as Shenzhen goes into lockdown – live updates
Shenzhen – Daniel Berehulak/Getty Images 08:17 AM Why Shenzhen matters The lockdown of Shenzhen is a big deal: the city is a major producer of electronic and automotive components, so prolonged ...
Chinese Stocks Plunge After SEC Stokes Delisting Concerns
A further step by the Securities and Exchange Commission toward forcing companies from China off American exchanges helped trigger the worst decline in U.S.-listed Chinese stocks since the global fina...
Omnibus Bill: The House to Focus on Provisions on Ransomware and Chinese Yuan
An Omnibus Bill passed the House of Representatives and is directed towards the Senate. The Bill consists of provisions on China’s Central Bank Digital Currency and requirements regarding ransom...