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.
Chinese Chip Conglomerate Tsinghua Unigroup Secures State-Backed Investment
Indebted chipmaker Tsinghua Unigroup will be taken over by a state-backed consortium, not Alibaba, which was a front-runner until recently. The consortium’s members have a track record of semiconductor investment, buying part of a Dutch chipmaker in 2017 and four Taiwanese fabs earlier this month.
百度回应自动驾驶裁员传闻：谣言很多 内部没听到这样的消息
Baidu has denied reports of mass layoffs at its autonomous driving division, calling them “rumors.” (Video streamer iQiyi, of which Baidu owns 56.2%, did fire hundreds of staff earlier this week.)
“鞍石生物”完成超2亿美元的A轮融资_实时热点_热点聚焦_36氪快讯_36氪
A startup focused on cancer and tumor treatments, Beijing Anshi Biotechnology, has raised a Series A of more than $200 million from Mitt Romney’s old firm Bain Capital, Vivo Capital, and other investors.
Chinese Banker Who Fled to Canada Embezzled Millions Via Bond Trading
Meet Bái Jìng 白静, a former banker who embezzled 200 million yuan ($31 million) and fled to Canada. Beijing wants that money back, and announced yesterday it’s hunting him down.
UK independent body: China committed genocide in Xinjiang | AP News
A U.K. independent panel has concluded that China “committed genocide” in Xinjiang: The Uyghur Tribunal, led by lawyer Geoffrey Nice, heard about 30 witnesses and experts give evidence in public hearings in London earlier this year. The judgment “largely rested on the suppression of births” among Uyghurs, Nice said, per the Guardian. The Chinese Foreign Ministry gave a statement (in English, Chinese) in response to the ruling, alleging that the tribunal “hired liars to make false statements and falsify evidence” and its judgment is “nothing but a political farce staged by a handful of contemptible individuals.”
China approves first local neutralising antibody cocktail for Covid-19
A new monoclonal antibody treatment for COVID-19 developed by the Research Institute of Shenzhen Third People’s Hospital has proven effective against the Omicron variant in early trials. See also coverage in Reuters.
Alibaba-Led (BABA) Bid for Tsinghua Unigroup Hits Last-Minute Snag
Alibaba may fail in its quest to take over Tsinghua Unigroup, once a rising star of China’s chipmaking industry, because officials are worried that with Alibaba listed in the United States, sensitive chip data could end up exposed. It’s perhaps another inducement for Alibaba to leave U.S. finance behind, as other major companies have.
Biden Rallies Global Democracies as U.S. Hits a ‘Rough Patch’
China is far from alone in criticizing Biden’s “Summit for Democracy”: Russia joined in with a “similarly contemptuous tone,” the New York Times reports, but “even U.S. officials concede that American democracy is straining from political polarization, racial injustice and discord, voting rights restrictions and domestic extremism, among other issues.” Meanwhile, China’s propaganda blitz touting its own understanding of “democracy” has continued.
U.S. to blacklist Chinese AI company SenseTime ahead of IPO
The U.S. plans to blacklist SenseTime, the Chinese AI and facial recognition software developer, ahead of its Hong Kong IPO on December 10.
ST北文：郑爽因某电视剧演员片酬纠纷问题起诉公司_实时热点_热点聚焦_36氪快讯_36氪
An actress who became notorious earlier this year for abandoning her surrogate babies and then being investigated for tax avoidance, Zhèng Shuǎng 郑爽, is suing her former management company for non-payment of salary.
Germany's new government is set to take a tougher line on China
Will Scholz shift Germany away from China? The new German government, led by Olaf Scholz, who became chancellor on December 8, is “set to take a tougher line on China,” per Nikkei Asia. The Financial Times editorial board noted that although Scholz has so far not personally expressed a change in tone on China compared with former chancellor Angela Merkel, the coalition he leads “treats [China] as a ‘systemic rival’…a phrase that Merkel never uttered.”
House Passes Bill to Punish China Over Oppression of Uyghurs
The U.S. House of Representatives passed legislation yesterday to punish China for its treatment of Uyghurs, demonstrating broad bipartisan support for a harder line against China. The Uyghur Forced Labor Prevention Act, which would ban the import of goods produced by ethnic Muslims in internment camps, was passed by an overwhelming bipartisan majority of 428 to 1. Shares of Chinese solar equipment manufacturers operating in Xinjiang, including JA Solar Technology, fell on the news.
雾芯科技美股盘前涨幅扩大至10%_实时热点_热点聚焦_36氪快讯_36氪
Trendy e-cigarette company Relx Technology 雾芯科技, whose shares have been battered since last week’s announcement of new regulations for the industry, is up about 10% in pre-market trading after news circulated in China that its board of directors has authorized a stock repurchase plan of up to $500 million.
工信部发布新一批免征车辆购置税新能源汽车车型目录 小鹏P5等在列
The Ministry of Industry and Information Technology released a list of electric vehicle models exempt from sales tax. Xpeng Motors’ popular P5 is included.
IQiyi Fires Hundreds of Workers as Losses Balloon
Mass layoffs at iQiyi: The video-streaming giant has let go of hundreds of employees, totaling 20% of its workforce, as losses pile up following China’s punitive ban on “idol talent shows,” which put an end to one of the video platform’s most lucrative programs, Youth With You 3.
