China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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67,925 articles matching the search query.
Australian exchanges dispel debanking fears amid Binance saga, but risks loom
Australian crypto exchanges stepped forward to stamp out fears of further contagion after Binance Australia was offboarded from its payments provider with some pointing to an absent regulatory environment.
Macao further restricts political freedoms with revisions to national security law
BEIJING (AP) — Echoing the crackdown on freedoms in neighboring Hong Kong , the former Portuguese colony of Macao has revised its legal system to face “new adverse challenges in terms of national security.”
Alibaba to Exit Cloud Business After Beijing Undercuts Potential
Alibaba Group Holding Ltd.’s surprise move to fully spin out a potentially transformative $12 billion cloud business is stirring speculation about whether the Chinese e-commerce leader bowed to market or political realities.
Hong Kong court dismisses pro-democracy publisher Jimmy Lai's legal bid to fight for UK lawyer
A Hong Kong court has rejected an activist publisher’s latest effort to use a British lawyer to defend him against national security charges as Beijing tries to crush a pro-democracy movement. Jimmy Lai, the 75-year-old founder of the now-defunct newspaper Apple Daily, faces up to life in prison if convicted under a National Security Law imposed by Beijing on the former British colony. In November, the city’s top court approved Lai hiring veteran lawyer Timothy Owen for the case. But the government voiced objection soon after and Beijing stepped in. The political saga over Lai’s choice of lawyer is widely seen as part of the city’s crackdown on dissidents following massive protests in 2019.
Alibaba Kicks Off Overhaul With Spinoff and Share Sale Targets
E-commerce giant to spin off Cloud Intelligence Group through a stock dividend while exploring IPOs for the logistics and grocery arms
Micron-Japan Deal Counters China ‘Coercion,’ Rahm Emanuel Says
Micron Technology Inc.’s deal with Japan for financial aid to make next-generation memory chips sets a precedent for countering Chinese “coercion,” according to US Ambassador Rahm Emanuel.
Hong Kong stocks slump to 2-month low as Alibaba results disappoint
Hong Kong stocks fell after Alibaba’s underwhelming revenue growth for the quarter disappointed investors, with tech bellwethers weighing further on the market.
Experts urge caution as US plans to screen outbound investment into China
The Commerce and Treasury Departments have reported plans to review outbound investments, and House legislation has been introduced to create a screening process.
China Puts Spymaster in Charge of U.S. Corporate Crackdown
Investigations into due-diligence firms show how state-security clique is gaining more control over economic policy.
Binance Australia says banking disrupted after payment provider cuts off service
The Australian arm of Binance, the world's largest crypto-currency exchange, on Thursday said some local customers will be unable to deposit or withdraw money after a third-party payment provider cut off its service. Binance on social media said users are unable to make Australian dollar deposits by bank transfer with immediate effect. "We are working hard to find an alternative provider to continue offering AUD deposits and withdrawals to our users," Binance said in a statement.
Florida Governor DeSantis Plans To Declare 2024 Bid Next Week, Walmart & Alibaba Quarterly Earnings, Deutsche Bank To Pay $75M To Settle Jeffrey Epstein Accusers' Suit: Today's Top Stories
Benzinga DeSantis Vs. Trump Official? Florida Governor Reportedly Plans To Declare 2024 Bid Next Week Florida Governor Ron DeSantis is reportedly preparing to announce his candidacy for the 2024 U.S. presidential elections. Sources familiar with the matter have revealed that DeSantis plans to formally announce his Republican nomination bid next week. He intends to submit the required documents to the Federal Election Commission, officially declaring his presidential candidacy around the same tim
Alibaba, China Life, NetEase pace Hong Kong stocks as investors hope for China policy support after weak economic data
Hong Kong stocks gained as investors anticipated more supportive government policy in the wake of weak economic data from China. Alibaba rose before its earnings release. The Hang Seng Index gained 0.9 per cent to 19,727.25 at the close of trade on Thursday. The Tech Index added 1.2 per cent, and the Shanghai Composite Index slipped 0.1 per cent. Alibaba rose 3.1 per cent to HK$88.10, with its earnings report due later on Thursday. Baidu advanced 1.4 per cent to HK$125.50, and NetEase gained 3.4
These Stocks Moved the Most Today: Take-Two, Netflix, Walmart, Alibaba, and More Market Movers
Take-Two Interactive signaled that a strong pipeline of videogame titles will drive growth, analysts grew more optimistic about Netflix's ad-plan strategy, Walmart's fiscal first-quarter earnings and revenue topped analysts' estimates, and Alibaba will spin off its cloud unit.
UPDATE 3-Alibaba misses revenue estimate, approves cloud unit spinoff
China's Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on Thursday and said it would list its cloud computing business in the next year. The company has been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance. Earlier this year, Alibaba announced plans to restructure into six units following a two-year regulatory crackdown on China's tech sector.
Alibaba Earnings Take Backseat to Breakup. What It Plans to Spin Off.
The group reported earnings of $1.56 a share on sales of $30.32 billion in the first three months of 2023, which is the group's fourth fiscal quarter.
Alibaba stock drops amid earnings beat, cloud segment spin-off
Yahoo Finance Live discusses a drop in shares of Alibaba despite the company beating estimates on the top and bottom line.
Editor’s note for Friday, November 5, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: Jack Ma might soon sell the South China Morning Post to a Chinese state-owned company; foreign journalists and foreign residents in Hong Kong are frustrated with declining freedoms; considering the future of “COVID zero” and India-China relations.
Between dimensions
Shang Chengxiang’s visions of the fantastical
ByteDance reshuffles, education unit adapts to new rules
A story from the The China Project A.M. newsletter. Sign up for free here.
The rise of Manner Coffee
In Shanghai, coffee has become an addiction. Can Manner Coffee expand to become China’s first major Starbucks rival?
Editor’s note for Thursday, November 4, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: How the beloved rural vlogger Li Ziqi become just another player in the platform economy — caught between the profit-making machine of social media and the shifting rhetoric of Chinese Communist Party politics.
China’s fourth Delta spike spreads to 19 regions, tests ‘COVID zero’ policy
With exactly three months to go until the 2022 Winter Olympics in Beijing, health officials in the capital and elsewhere are taking extreme measures to quash the latest Delta-driven spike in COVID-19. How long will China hold out as the last “COVID zero” country?
China’s leading LGBTQ advocacy group deletes social media accounts, appears to be in jeopardy
Civil society organizations in China have been on the retreat for some time, and the past year has been particularly hard on LGBTQ groups. Today, one of the country’s most prominent advocates for sexual minorities shut down its online channels.
Who is the real Wang Huning?
Wang Huning is the most important political theorist in Xi Jinping’s China. But what kind of ideology does this man, who ascended to the Politburo Standing Committee after decades of advising different CCP leaders, actually believe in?
The wild, wonderful (and very queer) world of Chinese radio dramas
In China, overt depictions of same-sex relationships are banned from mainstream media platforms. But there’s one space where these stories are allowed to be told.
The end of Byton’s electric car dreams?
A story from the The China Project A.M. newsletter. Sign up for free here.
Chinese companies reconsider U.S. IPO, look to Hong Kong
A story from the The China Project A.M. newsletter. Sign up for free here.
Editor’s note for Wednesday, November 3, 2021
A note from the editor of today’s The China Project Access newsletter.
Censors go nuclear as tennis player’s MeToo allegations against top official go viral
Chinese tennis star Peng Shuai accused former vice premier Zhang Gaoli of forcing her into a sexual relationship, sending censors into overdrive. Feminist activist Lü Pin told The China Project that “while it’s too soon to tell the long-term impact of her story, it has already generated lots of conversations among people and made them think.”
Logistics unicorn backed by U.S. investors goes bankrupt
A story from the The China Project A.M. newsletter. Sign up for free here.
Taiwan parties split over constitutional reform
After a month of increasing tensions, a proposal to amend Taiwan’s constitution may further strain the cross-strait relationship.
Norman Bethune’s last surgery
Norman Bethune was a polarizing figure during his lifetime, but for his medical contributions to China between 1937 and 1939, he was bestowed hero status. For decades afterwards, it’s likely no other foreigner enjoyed such a universally positive image.
Editor’s note for Tuesday, November 2, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: Xi Jinping prepares to use the sixth plenum to cement his legacy and authority; an explosive #MeToo scandal involving tennis star Peng Shuai and former Vice Premier Zhang Gaoli began on Weibo but has been swiftly censored.
Yahoo shuts down remaining China services
Yahoo has ended its 22-year presence in the Chinese market, a largely symbolic move after many of the internet company’s services had already stopped operating in China years ago.
ByteDance cuts working hours of China office, implements new schedule of ‘10-7-5’
The company behind TikTok has announced new rules to stop overtime work, limiting office hours to 10 a.m. to 7 p.m. on weekdays. The Chinese internet is cheering, but also somewhat skeptical.
ByteDance shortens work hours and Kuaishou loses its CEO
A story from the The China Project A.M. newsletter. Sign up for free here.