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.
Alibaba Breakup Begins With Spinoff of $12 Billion Cloud Arm
(Bloomberg) -- Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off its $12 billion cloud business, kicking off the first phase of a much-anticipated breakup to try and revive anemic revenue growth.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsHere’s How Much Wealth You Need to Join the Richest 1% GloballyWall Street Fears $1 Trillion Aftershock From Debt DealMercedes Sets Out to Ma
Alibaba Shares Are a Bet on Spinoffs, Not Growth
If it is well executed, the company’s ambitious restructuring plan could provide a substantial lift to its combined market value.
CORRECTED-China's Ant Group quarterly profit drops 57.3% - Alibaba filing
China's Ant Group on Thursday reported net profit of 31.18 billion yuan ($4.51 billion) in the three months to Dec. 31, down 57.3% from a year earlier, according to Reuters calculations from Alibaba Group Holding's earnings report. The e-commerce giant reports profit from Ant one quarter in arrears. ($1 = 6.9121 Chinese yuan renminbi)
Alibaba: Fiscal Q4 Earnings Snapshot
HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Thursday reported fiscal fourth-quarter net income of $3.42 billion, after reporting a loss in the same period a year earlier. The Hong Kong-based company said it had net income of $1.31 per share. Earnings, adjusted for one-time gains and costs, were $1.56 per share.
PSA: Cramer Says Stay Invested - Alibaba Group Holding (NYSE:BABA), Applied Mat (NASDAQ:AMAT)
Nvidia (NASDAQ: NVDA) stock is up 106% this year. That means CEO Jensen Huang's net worth has increased to $27.3 billion, a 98% increase in just 5 months
Alibaba to raise financing for digital commerce unit
The company also plans to take its cloud division public.
Binance: 'No More Aussie Dollar Deposits' Until An Alternative Provider Is Found
Binance Australia will halt certain Australian dollar deposit services due to an external payment provider's decision. Customers should expect a disruption in bank transfer withdrawals, though the extent of the impact is yet to be determined.
Aston Martin stock soars as China's Geely to become no.3 shareholder
Aston Martin's shares jumped nearly 25% on Thursday after the luxury carmaker announced a 234 million pound investment by China's Geely , doubling the automotive firm's stake to make it the third-largest shareholder.
Alibaba eyes full Cloud spinoff and IPOs for Cainiao, Freshippo
China tech giant's January-March revenue misses analyst bets with 2% growth
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.
China plans to set up regional AI ‘highlands’ and related tech platforms
China’s accelerated push for artificial intelligence development shows the government’s resolve to close the gap with the US in this field.
BABA Stock Alert: The REAL Reason Alibaba Is Trending Today
Alibaba (BABA) stock is trending today because the company announced the details behind the spinoff of its cloud unit.
Microsoft Works to Fix Problem With Skype Calls to China
The Skype connection issue comes as Beijing doubles down on restricting information channels linked to the outside world.
Could price war in Chinacars sector be over after May sales rise?
Major carmakers – particularly those making conventional vehicles – have stopped cutting prices after they reported a jump in deliveries for the first week of May, according to Citic Securities.
BYD Han DM-i Champion Edition and DM-p God of War Edition Are Now on the Market - Pandaily
On May 18th, it was announced that the BYD Han DM-i Champion Edition and Han DM-p God of War Edition will officially go on sale today. The former is priced between RMB 189,800 to RMB 249,800 (about USD 27,000 to 36,000), while the latter is priced at RMB 289,800 (USD 42,000).
Poised for Breakup, China’s Alibaba Finishes Year With $10 Billion Profit
China's Alibaba completed its financial year with profits of $10 billion and said three divisions have begun to split from the parent group.
Alibaba board approves separate listings for Cloud, Cainiao units
Chinese e-commerce giant Alibaba Group Holding reported a 2 per cent increase in revenue for its fourth quarter, while also approving a full spin-off of its cloud, logistics and supermarket businesses.
The Shanghai Museum Keeping Memories Of Jewish Refugees Alive
Established in 2007, the city’s Jewish Refugee Museum is dedicated to telling the stories of Holocaust survivors.
A Beloved Chinese Classic Gets a Weightless Adaptation
Kunqu opera has made a commercial comeback over the past two decades, but a recent adaptation of “Six Records of a Floating Life” misses the mark.
Editor’s note for Monday, November 1, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: Xi Jinping has still not left China since January 2020, and contributed only by video at the G20 and merely wrote a letter to the COP26 climate change summit. Is he mostly being cautious about COVID-19 ahead of a CCP plenum on November 8-11?
COVID origins: China denounces inconclusive U.S. intelligence report that calls for more transparency from Beijing
The 90-day review of U.S. intelligence on COVID-19 origins, which was completed in August, was highly inconclusive and even discounted several points cited by lab-leak theory proponents, according to a newly declassified summary. Beijing did not respond to the contents of the report, which it dismissed as “political and false.”
Shanghai Disneyland locks in more than 30,000 people for testing after COVID scare on Halloween night
Pandemic control authorities locked down Disney’s biggest amusement park in China and mass tested all staff and visitors. It may have been a horrible way to spend Halloween for the people stuck in line for a swab test instead of a rollercoaster ride, but the action received widespread support on Chinese social media.
Alibaba’s silicon chip in the age of hypersonic missiles
Alibaba’s Yitian 710 chip shows how the U.S.-China-Taiwan semiconductor dance hides an increasingly unstable equilibrium.
Chinese Super League’s Hebei FC on verge of collapse
Financial woes threaten to bring down yet another club in China’s top soccer league.
Update: The pros and cons of a property tax
A story from the The China Project A.M. newsletter. Sign up for free here.
Singles don’t want to mingle, they want to consume
A story from the The China Project A.M. newsletter. Sign up for free here.
Editor’s note for Friday, October 29, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: No sleep for China’s regulators; Netflix announces cast list for Three-Body Problem adaptation; Evergrande averts default, again; Boeing is expected to get green light for 737 Max in China in early 2022; Chinese investors lose money on record number of first-day trades, as Hong Kong loses spot in top three listing venues; U.S. Senate votes unanimously to prevent Huawei and ZTE from receiving new equipment licenses; the Cyberspace Administration of China issues more guidance on data security reviews.
China proposes ban on telehealth and computer-assisted diagnosis
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‘The Bund’: The Hong Kong TV series that defined a generation
An iconic drama that harkens back to an era when mainland-Hong Kong relations were characterized by cultural intimacy.
Editor’s note for Thursday, October 28, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: Beijing is financing “the construction of an outpost for a special forces unit of Tajikistan’s police” to counter terrorism, but it is not a military base; Foreign Minister Wang Yi calls for the international community to help Afghanistan’s development; the Cyberspace Administration of China makes another call for a “civilized internet”.
China warns that Taiwan’s push for international space presents ‘seismic risks’
Beijing is very unhappy with statements in the last two days from Taiwanese president Tsai Ing-wen and from U.S. Secretary of State Antony Blinken about the future of the island nation that China sees as a breakaway province.
Genki Forest accidentally loses millions due to price glitch. Now it wants the money back.
China’s most fashionable beverage startup sold mineral water at a deep discount because of a website error. Should customers who bought at low prices feel obligated to return the merchandise?
Understanding China’s historic changes through informed empathy
“There is something major afoot in China right now,” says Kaiser Kuo, but single-lens analysis that lacks empathy won’t cut it in providing insight into the complexity of the changes. What The China Project has called the Red New Deal could mark the start of a new phase in Chinese history, and it deserves to be taken seriously and seen from multiple perspectives.
FBI raids HQ of Chinese company that may have hacked credit cards
A story from the The China Project A.M. newsletter. Sign up for free here.
China Unbound: The implications of China’s expanding influence
Joanna Chiu’s debut book examines China’s rise in the context of the global village. What are the various tensions and conflicts arising from China’s return to international preeminence?
Editor’s note for Wednesday, October 27, 2021
A note from the editor of today’s The China Project Access newsletter.
China to finance counter-terrorism base for Tajikistan
According to new reports, China is going to build a military base in Tajikistan, and take control of another one. There is no official confirmation yet, but the move shows how much Beijing is worrying about instability from Afghanistan.
DeFi: Can decentralized finance defy China’s crypto controls?
Beijing has cracked down hard on bitcoin and other cryptocurrencies, but China still has a thriving ecosystem of startups and entrepreneurs working on decentralized finance technology, or DeFi, based on the blockchain technology behind bitcoin.
Coveted by U.S. suitors, battery maker BYD raises prices
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