China Uses Surprise Data Announcements to Counter Economic Gloom:
bloomberg.com/news/articles/2024-03-24/china-is-front-running-key-data-to-control-slowdown-narrative
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| Last Updated | Mar 29 |
| Total Articles | 8 |
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TikTok will not be sold, Chinese parent ByteDance tells US: The video sharing app faces being banned in the US unless it severs ties with its China's ByteDance.
bbc.com/news/articles/c289n8m4j19o
Quick Glance: Chinese TikTok App Sale Required for National Security Measures
- A newly enacted law mandates the sale of the Chinese-owned TikTok app to address national security concerns.
- According to experts, China has intensified its online information operations in recent years to advance its broader objectives.
- China has actively sought to leverage TikTok to influence politics in Taiwan, yet these endeavors ultimately proved unsuccessful.
- While TikTok was utilized in these publicly identified Chinese operations, researchers have not observed a specific emphasis on the app compared to other popular platforms.
Top Argentine Officials to Meet PBOC Governor Next Week: Argentina’s Central Bank President Santiago Bausili and Finance Secretary Pablo Quirno are scheduled to ...
bloomberg.com/news/articles/2024-04-26/top-argentine-officials-to-meet-pboc-governor-next-week
Paid articlePaid
China warns US of rising ‘negative factors’ in bilateral ties: World is watching to see if rivalry will ‘break out into conflict’, foreign minister Wang Yi tells ...
ft.com/content/246c9e16-1dc9-432d-990c-11660f9c7d56
EU Raises Stakes With Chinese Medical-Device Probe: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-24/eu-raises-stakes-with-chinese-medical-device-probe
Quick Glance: EU Raises Stakes With Chinese Medical-Device Probe
- The EU launched a probe into Chinese medical-device procurement, prompted by concerns that the government in Beijing unfairly favors domestic suppliers, risking tensions ahead of Xi Jinping's upcoming visit.
- The investigation will collect information from companies and member states and must be concluded within nine months. If it confirms a lack of reciprocity, the EU could restrict Chinese access to its tenders.
- This move follows a decision last year to begin an anti-subsidy probe into electric vehicles made in China, potentially leading to new tariffs by July.
- Chinese leaders have rebutted European and US criticism of market distortion in favor of domestic firms, but doubts persist regarding Beijing's extensive use of public support.
TikTok ban could escalate US-China trade war, ex-White House CIO tells The Reg: Doing business in Beijing? 'You need to do a what-if scenario'
theregister.com/2024/04/26/tiktok_ban_payton/
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
China warns Antony Blinken US must choose between ‘co-operation or confrontation’
ft.com/content/ef9d2f6f-3ef6-4249-af0c-649583e0ee43
Quick Glance: Xi and Blinken Clash Over China's Backing to Russia
- Xi orders China’s biggest military reorganisation since 2015.
- He emphasizes that China is not afraid of competition as long as it is based on common progress.
- China is willing to cooperate with the US, provided it is mutual.
- A five-point consensus was reached to stabilize relations between the two countries.
US Secretary of State Antony Blinken snapped up a Taylor Swift album along with one by classic Chinese rocker Dou Wei during an unexpected detour to a Beijing ...
reut.rs/49WFGGS
No Nigerians! This 42-Year-Old Lagos School Admits Indians Only: The Indian school in Ilupeju only admits Indians. You need an Indian passport or proof of having ...
fij.ng/article/no-nigerians-this-42-year-old-lagos-school-admits-indians-only/
Two Chinese nationals charged in US with trying to export banned semiconductor machinery to China — one arrested in Chicago
tomshardware.com/tech-industry/two-chinese-nationals-charged-in-us-with-trying-to-export-banned-semiconductor-machinery-to-china-one-arrested-in-chicago
In the face of bans, ByteDance tightens grip over US TikTok operations: Relationship between TikTok, ByteDance deepens as tensions over the app’s ownership ...
ft.com/content/0e040c03-e979-4acd-a6aa-6298301dcc42
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Congress approves bill banning TikTok unless Chinese owner ByteDance sells platform
ft.com/content/d84df824-19c0-4105-ae95-816dd0618efb
WADA to launch independent review into Chinese doping case: The under-fire World Anti-Doping Agency (WADA) said on Thursday it would launch an independent review ...
reut.rs/3WbJ6SQ
Beijing auto show: Themes and highlights: China's largest auto show opened in Beijing with the biggest names showing off their latest electric vehicles (EVs) ...
reut.rs/4bcuXch
More than 1 in 5 cars sold on Earth this year will be electric: 17 million electric vehicles will be sold in 2024, according to the International Energy Agency
qz.com/ev-electric-car-global-sales-growth-iea-report-1851434801
Quick Glance: New Global Record: Electric and Hybrid Car Sales Surge in 2024
- Electric and plug-in hybrid car sales will reach a new global record in 2024 despite slowing growth in some markets, according to forecasts from the International Energy Agency (IEA).
- The IEA predicted that 17 million battery electric vehicles and plug-in hybrid electric vehicles will be sold in 2024, up over 20% from 2023.
- The IEA also mentioned that most electric cars are expected to be priced equivalently to petrol cars by 2030 as prices decrease. Tesla recently reduced prices to maintain its market share against strong competition from Chinese rivals like BYD, the world's largest battery electric car producer.
If Britain is so bothered by China, why do these .gov.uk sites use Chinese ad brokers?
theregister.com/2024/04/24/ads_on_gov_uk_websites/
Beijing auto show welcomes world as China's carmakers aim to conquer it: HONG KONG -- Beijing's premier automobile exhibition is back after a four-year ...
asia.nikkei.com/Business/Automobiles/Beijing-auto-show-welcomes-world-as-China-s-carmakers-aim-to-conquer-it
Philippines denies deal with China over disputed South China Sea shoal: The Philippines on Saturday denied a Chinese claim that the two countries had reached an ...
reuters.com/world/asia-pacific/philippines-denies-deal-with-china-over-disputed-south-china-sea-shoal-2024-04-27/
China Launches New 3-member Crew to Its Space Station: This year, the Chinese station is slated for two cargo spacecraft missions and two manned spaceflight ...
thediplomat.com/2024/04/china-launches-new-3-member-crew-to-its-space-station/
China developing super fast, stealth submarines? : Chinese scientists claim they are developing a sci-fi technology that will help Chinese submarines travel at ...
wionews.com/videos/china-developing-super-fast-stealth-submarines-714004
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
reuters.com/business/autos-transportation/xiaomi-locks-over-75000-orders-su7-car-targets-over-10000-deliveries-june-2024-04-25/
Blinken meets Chinese counterpart Wang Yi in Beijing: U.S. Secretary of State Antony Blinken met Chinese Foreign Minister Wang Yi in Beijing on Friday for talks ...
reut.rs/3UwLL8r
Hong Kong Bankers Face More Job Cuts on China Slowdown, High Pay: Hong Kong investment bankers could face more job cuts as the slowdown in China deals persists ...
bloomberg.com/news/articles/2024-04-22/hong-kong-bankers-face-more-job-cuts-on-china-slowdown-high-pay
Paid articlePaid Inside the China-US Competition for AI Experts: Who’s winning the fight for top-tier AI talent?
bloomberg.com/news/articles/2024-04-25/inside-the-china-us-competition-for-ai-experts
Three suspected Chinese spies arrested in Germany — caught stealing sensitive tech secrets
tomshardware.com/tech-industry/three-suspected-chinese-spies-arrested-in-germany-caught-stealing-sensitive-tech-secrets
Quick Glance: Germany apprehends three individuals for alleged China espionage
- The individuals were apprehended in Düsseldorf and Bad Homburg in western Germany, with searches conducted in their residences and places of work.
- Thomas R. is under suspicion of serving as an agent for an employee of the Chinese Ministry of State Security (MSS), aiming to gather intelligence on technologies with potential military applications within Germany.
- Allegedly, the company entered into an agreement with a German university for the purpose of facilitating knowledge exchange.
- During the time of their arrest, there were purported ongoing discussions regarding research initiatives that could contribute to enhancing China's maritime combat capabilities.
US food regulator gathering information on Indian spices after alleged contamination
reuters.com/world/india/us-food-regulator-gathering-information-indian-spices-after-alleged-2024-04-27/
Chinese supermarket in Abuja shut for allegedly barring Nigerians: The consumer protection agency has summoned the owner in its investigation into racism ...
bbc.com/news/world-africa-68879687
US Says China Moving Too Slowly on Protecting Intellectual Property: The Biden administration called on China to improve its protections of intellectual property ...
bloomberg.com/news/articles/2024-04-25/us-says-china-moving-too-slowly-on-protecting-intellectual-property
Nothing off the table in US response to China overcapacity, Yellen says: The Biden administration is not taking any options off the table to respond to China's ...
reuters.com/world/nothing-off-table-us-response-china-overcapacity-yellen-says-2024-04-25/
Hong Kong's Tor Investment Raises $310 Million for Asia Private Credit Fund: Hong Kong-based alternative credit manager Tor Investment Management has raised ...
bloomberg.com/news/articles/2024-04-26/tor-investment-raises-310-million-for-asia-private-credit-fund
Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion: The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore ...
bloomberg.com/news/articles/2024-04-24/chinese-metal-tycoon-s-heir-buys-62-million-singapore-mansion
Paid articlePaid Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
reut.rs/3xPcmEO
The US Senate passed legislation giving TikTok's Chinese owner, ByteDance, about nine months to divest the US assets of the short-video app ...
reut.rs/44fo9Zl
US jails Chinese student for threatening pro-democracy schoolmate: He threatened to "chop off" the hands of a Chinese student who put up pro-democracy fliers on ...
bbc.com/news/articles/cp3gz61011ko
Chinese Stocks Draw Record $3 Billion Influx by Global Funds: Sentiment has clearly turned for the better toward Chinese equities with overseas investors ...
bloomberg.com/news/articles/2024-04-26/chinese-stocks-draw-record-3-billion-influx-by-global-funds
Paid articlePaid Insight: Why BYD's EV exports sell for twice the China price: U.S. and European politicians have raised alarms that their domestic auto industries could be ...
reuters.com/business/autos-transportation/why-byds-ev-exports-sell-twice-china-price-2024-04-26/
China's ByteDance denies plans to sell TikTok in US: Earlier reports had suggested ByteDance planned to sell the app, without its powerful algorithm ...
dw.com/en/chinas-bytedance-denies-plans-to-sell-tiktok-in-us/a-68926751
Taiwan reports Chinese military activity after Blinken leaves Beijing: Taiwan reported renewed Chinese military activity near the island on Saturday with 12 ...
reuters.com/world/asia-pacific/taiwan-reports-chinese-military-activity-after-blinken-leaves-beijing-2024-04-27/
Toyota teams up with Tencent for drive into China's EV market: BEIJING -- Toyota Motor said on Thursday that it is forming a strategic alliance with Chinese ...
asia.nikkei.com/Business/Business-deals/Toyota-teams-up-with-Tencent-for-drive-into-China-s-EV-market
Paid articlePaidQuick Glance: Toyota and Tencent Collaborate for Entry into China's EV Market
- Toyota announces strategic alliance with Tencent to develop artificial intelligence, cloud computing, and big data for electric vehicles in China.
- Japanese automaker Toyota has been facing challenges in the Chinese market due to aggressive pricing and marketing by local competitors.
- Collaboration with Tencent focuses on developing in-car software crucial for next-generation vehicles.
- Demand for electric vehicles in China is rapidly growing, and Toyota aims to accelerate in this sector.
Agency bars Chinese telecom carriers from offering US broadband services: The Federal Communications Commission said on Thursday it is ordering the U.S ...
reuters.com/business/media-telecom/agency-bars-chinese-telecom-carriers-offering-us-broadband-services-2024-04-25/
Congress Speeds TikTok Ban Bill By Adding It To Ukraine, Israel, Taiwan Aid Package
forbes.com/sites/johannacostigan/2024/04/18/new-legislative-package-proposes-aid-for-ukraine-israel-taiwan-and-banning-tiktok/
A ban on single-use plastics takes effect in Hong Kong in a bid to reduce pollution
apnews.com/article/hong-kong-plastics-ban-pollution-c54df7478e84166fc7f3f69c85bfeab4
Quick Glance: Hong Kong Implements Ban on Single-Use Plastics to Combat Pollution
- New legislation prohibits Styrofoam products and single-use plastic cutlery in Hong Kong
- Single-use cutlery like forks, spoons, straws, and plates can no longer be sold or distributed
- Many restaurants have already started implementing the new measures
- The goal is to curb the throwaway culture and promote reusables to protect the environment
US House of Representatives passes bill to ban TikTok unless it divests from China
lemonde.fr/en/united-states/article/2024/04/20/us-house-of-representatives-passes-bill-to-ban-tiktok-unless-it-divests-from-china_6669028_133.html
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
China summons German ambassador after spying arrests: The German ambassador to China was summoned by Beijing on Thursday in response to several arrests in ...
reuters.com/world/europe/china-summons-german-ambassador-after-spying-arrests-2024-04-25/
Hong Kong Home Prices Rise for First Time in 11 Months After Curbs Scrapped: Hong Kong home prices rose for the first time in almost a year in March as the ...
bloomberg.com/news/articles/2024-04-26/hong-kong-home-prices-rise-for-first-time-in-11-months-after-curbs-scrapped
Paid articlePaidQuick Glance: Effect of Lifting Restrictions on Hong Kong Home Prices
- In March, Hong Kong saw an increase in home prices for the first time in almost a year following the lifting of property restrictions, leading to a revival in sales.
- The price index for private domestic homes rose by 1.06% from the previous month of February, breaking a 10-month declining trend.
- However, analysts express doubts about the sustainability of this growth as developers work to reduce excess inventory amid high borrowing costs impacting demand.
- The anticipation of prolonged higher interest rates is expected to exert further pressure on the market, potentially causing home prices to decline by an additional 5% to 10% this year if the Federal Reserve's rate adjustments fall short of expectations.
Hong Kong March home prices up 1.1%, first rise in nearly a year: Hong Kong's private home prices reversed a 10-month falling streak in March, climbing 1 ...
reuters.com/markets/asia/hong-kong-march-home-prices-up-11-first-rise-nearly-year-2024-04-26/
Quick Glance: Hong Kong Real Estate Market: Price Recovery in March
- In March, Hong Kong's real estate market saw a price recovery after the financial city lifted restrictions to boost the ailing market.
- Prices dropped by 1.8% in the first quarter, following a 20% decline from their 2021 peak due to higher mortgage rates and a weak market outlook.
- Nevertheless, prices are expected to remain subdued as property developers rushed to introduce new sales with discounts of up to 30%, attracting buying interest from the secondary market.
- A recent report by real estate agency Ricacorp revealed that 30% of transactions for second-hand homes were sold at a loss in the first quarter, with this trend likely continuing into the second quarter.
'Negative' factors building in U.S.-China ties, foreign minister Wang tells Blinken
reuters.com/world/blinken-meet-chinese-counterpart-wang-yi-beijing-2024-04-26/
Chinese EV battery maker CATL unveils LFP battery with 1,000 km range: Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron ...
reuters.com/business/autos-transportation/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range-2024-04-25/
Huawei-led Chinese firms aim to make advanced memory chips by 2026, The Information reports
reut.rs/3UhTead
China’s Distressed Pig Farmers Eye Turnaround as Herd Shrinks: Chinese farmers are keeping the fewest pigs for breeding since 2020, offering hopes that the ...
bloomberg.com/news/articles/2024-04-24/china-s-distressed-pig-farmers-eye-turnaround-as-herd-shrinks
Chinese military officials met US and Russian naval officials this week: Senior Chinese military officials held separate meetings with U.S. and Russian naval ...
reuters.com/world/china/chinese-military-officials-met-us-russian-naval-officials-this-week-2024-04-25/
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war : A made-in-China electric vehicle will hit U.S. dealers this summer offering power and ...
nbcnews.com/business/autos/volvo-landed-cheap-chinese-ev-us-shores-trade-war-rcna149349
Chinese automakers show off AI-powered 'smartphones on wheels': BEIJING -- XPeng, Geely and other Chinese automakers are showing off innovative new ...
asia.nikkei.com/Business/Automobiles/Chinese-automakers-show-off-AI-powered-smartphones-on-wheels
Hungary opens up to Chinese tech despite protests: Hungary is attempting to be a world power in manufacturing electric vehicle batteries ...
bbc.com/news/world-europe-68848770
House Passes Taiwan Aid Bill to Be Combined With Ukraine Funding: The US House passed $61 billion in fresh aid for Ukraine on Saturday, ending a six-month ...
bloomberg.com/news/articles/2024-04-20/house-passes-taiwan-aid-bill-to-be-combined-with-ukraine-funding
Paid articlePaidQuick Glance: Ukrainian President Thanks US for Weapon Aid
- Ukrainian President Zelenskyy thanked U.S. political leaders for approving an aid package for Ukraine, providing the country with a chance at "victory" in its defense against Russia.
- The House passed a bill granting Ukraine $60.8 billion in aid, with Zelenskyy urging swift Senate approval to ensure rapid assistance to frontline soldiers.
- Zelenskyy emphasized the critical need for long-range weapons and air defense systems to stabilize the situation and regain the initiative in Ukraine.
- He addressed rumors of a territorial deal with Russia, emphasizing the importance of a strategy based on concrete democratic measures to end the war.
Chinese professor at Tokyo university missing after trip home: BEIJING -- A professor at Tokyo's Asia University has gone missing after temporarily ...
asia.nikkei.com/Spotlight/Society/Chinese-professor-at-Tokyo-university-missing-after-trip-home
Paid articlePaid China’s LGFV Borrowing Costs Drop to Record Low as Investors Bet on Bailout: China’s off-the-books local government debt market has turned. Only a few months ago ...
bloomberg.com/news/articles/2024-04-22/china-s-lgfv-borrowing-costs-drop-to-record-low-as-investors-bet-on-bailout
Germany Arrests Three Suspected of Spying for Chinese State: German authorities arrested two men and a woman suspected of working for China’s ministry of state ...
bloomberg.com/news/articles/2024-04-22/germany-arrests-three-suspected-of-spying-for-chinese-state
Chinese supermarket in Abuja shut for allegedly barring Nigerians: The consumer protection agency has summoned the owner in its investigation into racism ...
bbc.com/news/world-africa-68879687
USADA wants investigation into China swimming, welcomes WADA lawsuit: The head of the United States Anti-Doping Agency demanded on Monday an investigation into ...
reut.rs/44dRuDf
China’s $700 Billion Offshore Bond Market Put to Test: A Beijing court case may have far reaching implications for international creditors in the country
bloomberg.com/news/newsletters/2024-04-23/china-s-700-billion-offshore-bond-market-put-to-test
German spy agency warns companies against being too "naive" on China: Germany's domestic spy agency told companies on Wednesday they should be on guard against ...
reuters.com/world/europe/german-spy-agency-warns-companies-against-being-too-naive-china-2024-04-24/
Beijing half marathon: Organisers investigating controversial finish: Organisers of the Beijing half marathon will investigate allegations that three African ...
bbc.com/sport/athletics/68815592
Quick Glance: Investigation Launched After Beijing Half Marathon Finish
- Following the finish of the Beijing Half Marathon, the results are now under scrutiny due to the peculiar behavior displayed by three runners from Kenya and Ethiopia.
- A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.
- The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.
- The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
Chinese student gets US prison term for threatening pro-democracy activist: A Chinese music student was sentenced on Wednesday to nine months in a U.S ...
reuters.com/world/chinese-student-gets-us-prison-term-threatening-pro-democracy-activist-2024-04-24/
Espionage affair: China rejects accusations from Germany as pure invention: Beijing doesn't want to let the espionage accusations slide and is stepping up the ...
spiegel.de/ausland/spionageaffaere-china-weist-anschuldigungen-aus-deutschland-als-reine-erfindung-zurueck-a-82b6d00f-a566-4a24-ade0-3627cd081615
Beijing auto show: Foreign automakers eager for Chinese partners: Global automakers including Volkswagen and Toyota came to this year's Beijing auto show looking ...
reuters.com/business/autos-transportation/foreign-automakers-eager-chinese-partners-beijing-auto-show-2024-04-26/
EU launches investigation into Chinese medical device market: The European Commission launched a probe into China's public procurement of medical devices on ...
reuters.com/world/europe/eu-opens-investigation-into-chinese-medical-device-market-2024-04-24/
China to host Palestinian groups Hamas and Fatah for unity talks: BEIJING/CAIRO (Reuters) -- China will host Palestinian unity talks between Islamist militant ...
asia.nikkei.com/Politics/Middle-East-crisis/China-to-host-Palestinian-groups-Hamas-and-Fatah-for-unity-talks
Beijing half marathon: Top three stripped of medals after investigation: The top three finishers of the Beijing half marathon are stripped of their medals after ...
bbc.com/sport/athletics/68853295
Quick Glance: Scandal at Beijing Half Marathon: 4 Runners Disqualified
- Following an unusual finish at the Beijing Half Marathon, the top finishers were disqualified as three runners from Africa seemingly made way for a Chinese competitor to win.
- The finish line incident caused a commotion, prompting questions about why the three other runners appeared to yield the victory to He.
- Subsequent to the investigation, all four runners were disqualified for the pacemakers deliberately slowing down in the final two kilometers of the race, aiding He's victory.
- Confirmation was provided by the organizers that although Xtep invited Mnangat, Keter, and Hailu as pacemakers, they were mistakenly registered as ordinary competitors.
China tea chain ChaPanda sinks in Hong Kong IPO as market sours: HONG KONG -- Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda ...
asia.nikkei.com/Business/Markets/IPO/China-tea-chain-ChaPanda-sinks-in-Hong-Kong-IPO-as-market-sours
Paid articlePaidQuick Glance: ChaPanda's Disappointing Hong Kong Debut Sees 40% Price Drop
- Chinese tea chain Sichuan Baicha Baidao, also known as ChaPanda, had a disappointing debut on the Hong Kong market with a significant price drop in morning trading.
- The shares opened at 15.74 Hong Kong dollars, 10% below its IPO price of HK$17.50, and plummeted close to 40% at one point, closing the morning session at HK$11.34, down by 35%.
Why China risks US sanctions arming Russia: Survival: US secretary of state Antony Blinken fired a warning salvo toward China during a G7 foreign ministers’ ...
asiatimes.com/2024/04/why-china-risks-us-sanctions-arming-russia-survival/
How Chinese firms are using Mexico as a backdoor to the US: Chinese firms are racing to set up factories in Mexico to bypass US tariffs and sanctions.
bbc.com/news/business-68825118
Exclusive: Half of Russia's payments to China made through middlemen, sources say
reuters.com/business/finance/half-russias-payments-china-made-through-middlemen-sources-say-2024-04-26/
Chinese cognac sales drive Remy Cointreau to Q4 sales beat: Remy Cointreau reported a far smaller-than-expected fall in fourth-quarter sales on Friday ...
reuters.com/business/retail-consumer/remy-cointreau-reports-better-than-expected-q4-sales-2024-04-26/
Lai Sun Weighs Stake Sale in London Office Skyscraper Project: Hong Kong developer Lai Sun Development Co. is considering options for a planned office tower in ...
bloomberg.com/news/articles/2024-04-23/lai-sun-weighs-stake-sale-in-london-office-skyscraper-project
China's flying cars ready for liftoff with EV technology: GUANGZHOU -- XPeng, EHang and other Chinese companies are commercializing flying cars this year ...
asia.nikkei.com/Business/Transportation/China-s-flying-cars-ready-for-liftoff-with-EV-technology
US government reportedly ponders crimping China's use of RISC-V: Permissive licenses may be about to collide with geopolitics
theregister.com/2024/04/24/us_commerce_china_risc_v_investigation/
Quick Glance: US Government Considers Restricting China's Use of RISC-V
- The US Department of Commerce is reportedly considering lawmakers' calls to make it harder for China to use the RISC-V instruction set architecture (ISA).
- RISC-V is permissively licensed, allowing developers to access the ISA for free and create proprietary or open source implementations for various applications.
- The Commerce Department is now reportedly examining RISC-V to review potential risks and assess appropriate actions that could address concerns effectively.
- China is already embracing RISC-V, with local chip design firms utilizing the ISA to develop desktop PC chips for Chinese schools and a server-grade processor for Alibaba Cloud.
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