China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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4,639 articles matching the search query.
Momenta Raises $200 Million in Self-Driving Cars Push
Self-driving startup Momenta has raised over $1 billion this year after its latest $200 million round, with backing from Jack Ma’s investment fund and state-owned SAIC Motor.
Aircraft designer and nuclear pioneer win China’s top science prize
China’s top science prize winners announced: Aircraft designer Gù Sòngfēn 顾诵芬 and nuclear scientist Wáng Dàzhōng 王大中 received the State Pre-eminent Science and Technology Award in Beijing, and “with it a prize of 8 million yuan ($1.25 million) each, slightly more than this year’s Nobel Prize winners will receive.” The award was also given to a Hong Kong medical team for groundbreaking liver disease research.
TikTok Parent’s Founder Zhang Yiming Steps Down as Chairman
ByteDance chairman Zhāng Yīmíng 张一鸣 steps down, “completing a leadership transition that began in May,” reports the Wall Street Journal, or see the Guardian. Founders of other tech companies, including JD, Pinduoduo, and Kuaishou, have also retreated from top jobs in the last year.
36氪独家｜元气森林将完成新一轮150亿美元估值融资，淡马锡领投_详细解读_最新资讯_热点事件_36氪
Beverage maker Genki Forest raised $200 million in its latest funding round. Its valuation is now $150 billion — up 250% in just half a year.
China’s Couriers Say Bosses Took Their Raise
Delivery companies’ “common prosperity” pledges to raise couriers’ wages have fallen flat, with delivery workers reporting their bosses kept the raise for themselves.
Hong Kong independence activist with ‘clear conscience’ admits secession
Hong Kong under the National Security Law: Activist Tony Chung (鍾翰林 Zhōng Hànlín), 20, became the “youngest person convicted under national security law [but told the] judge he has no regrets for continuing his independence campaign,” while Hong Kong filmmakers see their future being censored.
Evergrande: the bond and interest payment deadlines to watch
Evergrande covered two interest payments last-minute to avoid default last week, but the rollercoaster continues. FT has a helpful timeline of its other upcoming bills.
Instant backlash after Chinese live-streaming hosts mock ‘sissy idol’
Sissy men still rule the internet, despite government crackdown: “A Thai cosmetics brand ended its relationship with two live-streamers and terminated the contract with their talent agency after the show received instant backlash for mocking a ‘sissy idol,’” reports the South China Morning Post.
One of China's Leading Foreign Policy Think Tanks Proposes 5 Ways the U.S. and China Can Work Together To Resolve the Debt Crisis in the Global South - The China Africa Project
A call for U.S.-China cooperation on debt relief: The China-Africa Project reports, “Two scholars at the Shanghai Institutes of International Studies (SIIS), one of China’s most prestigious and influential foreign policy think tanks, published an uncharacteristically direct appeal for the United States and China to work together to help resolve the worsening debt crisis in developing countries.”
Winning the Tech Talent Competition
“China’s supply of science, technology, engineering, and mathematics (STEM) talent now rivals that of the United States, both in terms of quantity and quality,” writes Remco Zwetsloot in a report for the Center for Strategic and International Studies. “The most powerful — and perhaps only — lasting and asymmetric American advantage is its ability to attract and retain international talent, a feat China has not been able to replicate despite extensive efforts. But the U.S. government risks squandering that advantage through poor immigration policy.” See also in the Wall Street Journal: Visa restrictions on Chinese students endanger U.S. innovation edge, universities say.
Cryptic Elon Musk post goes viral in China amid clash with World Food Program
Elon Musk is viral again in China for tweeting a Chinese poem about people failing to get along, in a commentary either on Musk’s recent spat with the World Food Programme or competing dog-themed cryptocurrencies. The poem was written by Cao Zhi, who lived in the Three Kingdoms period.
China Locks Hundreds of Students in School After Teacher Gets Covid
Beijing school COVID lockdown: “Parents gathered outside a primary school in Beijing late into the night on Monday, anxiously waiting for their children who’d been caught in a snap lockdown triggered by a teacher being diagnosed with COVID-19,” report Bloomberg and the Guardian.
'Ordinary people suffer most': China farms face climate woes
A “national awakening” on climate change? Li Shuo, a climate policy expert at Greenpeace East Asia in Beijing, suggested that a series of recent natural disasters made worse by climate change is having an effect on public attitudes in China. The Associated Press reports that “in a common pattern around the world, those who have contributed least to the warming and have the fewest resources to adapt often feel the pain most acutely.”
China’s HR tech startup Moka closes $100M led by Tiger Global
Moka, an HR automation startup, raised $100 million in its Series C. The company says it is a unicorn, but hasn’t disclosed its exact valuation.
Top Infectious Disease Expert Defends China’s ‘Zero Tolerance’ Policy Against Criticism It’s Too Costly
A high-profile defense of China’s “COVID zero” policy: Zhōng Nánshān 钟南山, one of the nation’s most prominent public health figures, argued in a CGTN interview (in Chinese) that China’s strict virus control measures are “not too costly when it comes to sporadic COVID-19 outbreaks, and in fact costs less than treating patients after they’ve been infected,” Caixin reports.
A smoking population and an ageing society: what does it mean for China?
China’s smoking-related cancer epidemic: “More stringent tobacco control was crucial for China to ‘curtail a rising tide of cancer deaths,’ researchers said after estimating that deaths from smoking-related cancers in the country would rise by about half over the next two decades,” the South China Morning Post reports. Related, on SupChina: China’s cigarette smoking epidemic.
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Color contact lenses are booming: Moody, a color contact company, just raised a 1 billion yuan ($150 million) Series C as eyes have become more important for mask-wearing women during the pandemic.
China-Focused Biotech LianBio Raises $325 Million in U.S. IPO
In a rare U.S. IPO by a Chinese company since Didi’s provoked Beijing’s ire in July, biotech firm LianTech raised $325 million — though its stock plunged 14% in its trading debut.
