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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.
China Fines Alibaba, Tencent in Latest Antitrust Investigation
Just another day in antitrust enforcement: “Alibaba, Tencent, and Baidu are the target of another round of antitrust fines on Saturday [November 20] totaling 21.5 million yuan ($3.4 million),” per Bloomberg via Caixin. Other big names in China tech such as JD.com, ByteDance, and Meituan were also “fined 500,000 yuan ($78,000) for each violation” of antitrust law, TechNode reports. Caixin notes that the “first salvo since the appointment of Gān Lín 甘霖 as the head of the country’s anti-monopoly bureau” was met mostly with a shrug by markets.
November 19, 2021 Source: caixinglobal
U.S. and China to Elevate Military Talks in Bid to Ease Tensions
U.S.-China arms talks could be held at a high level, Bloomberg reports, as during the virtual meeting between U.S. President Joe Biden and Chinese leader Xí Jìnpíng 习近平, Xi “agreed to support such discussions between the U.S. military and top officials from the People’s Liberation Army, including the vice chairman of the country’s powerful Central Military Commission.” This would be an upgrade from a “Track II dialogue, among nongovernment defense analysts and academics,” which is what one Chinese source suggested to the Wall Street Journal, and potentially even a step up from semiofficial talks between 2004 and 2009.
November 19, 2021 Source: Bloomberg.com
Tencent ends content creator incentive project after backlash · TechNode
Tencent is ending an incentive program to attract content creators to its video platform from competitors like Bilibili and Kuaishou after accusations the company lured them in with false promises.
November 19, 2021 Source: TechNode
Clinton Sees Changes to U.S. Tariffs on China, Blasts Putin
The Biden administration is likely to remove some punitive tariffs on China, former Secretary of State Hillary Clinton predicted in an interview with Bloomberg.
November 18, 2021 Source: Bloomberg.com
China's Baidu to dispatch robotaxis in 100 cities by 2030
Baidu will dispatch its driverless taxi service to 100 cities by 2030, CEO Robin Lǐ Yànhóng 李彦宏 announced.
November 18, 2021 Source: Nikkei Asia
Huobi subsidiary launches Bitcoin, Ether, crypto mining funds in Hong Kong · TechNode
Wealthy Chinese citizens have a new way to invest in crypto, despite the practice being banned across the mainland. Huobi’s asset management subsidiary just set up four new crypto funds for high-net-worth investors.
November 18, 2021 Source: TechNode
China's JA Solar to Put USD1.6 Billion Into Third Big 2021 Expansion Plan
Renewable energy giant JA Solar Technology will spend $1.6 billion to build wind and solar power stations in the northeast, on the momentum of China’s renewed commitment to clean energy after COP26.
November 18, 2021 Source: www.yicaiglobal.com
The AP Interview: Meng Hongwei's wife slams 'monster' China
Grace Meng, who has been stranded in France since 2018 since her husband, Mèng Hóngweǐ 孟宏伟, was disappeared and purged for alleged corruption, has again spoken out and now shown her face in an Associated Press interview. Meng Hongwei had been the first Chinese national to head Interpol, the international criminal police organization, but he was detained by his own government in October 2018. Interpol was given no notice of Beijing’s arrest, yet the organization did not publicly object. Grace Meng, who has lived in France with her twin boys under round-the-clock French police protection since the incident, is still furious at Interpol: “Can a police organization turn a blind eye to a typical criminal offense like this?”
November 18, 2021 Source: AP NEWS
Off the grid: Chinese data law adds to global shipping disruption
Is China’s new data law compounding supply chain problems? Since the November 1 implementation of China’s Personal Information Protection Law, “some domestic providers in China have stopped giving information to foreign companies,” creating gaps in “information on cargo volumes” and other data that help optimize shipping routes, Reuters reports.
November 17, 2021 Source: Reuters
Lethal Remedy – How the promotion of some traditional Chinese medicine in Africa poses a major threat to endangered wildlife - EIA
Leopards, pangolins, rhinos, and other endangered species are under threat in Africa as a result of rising local demand for traditional Chinese medicine (TCM) products, the Environmental Investigation Agency (EIA) finds in a new report. EIA Wildlife Campaigner Ceres Kam stated that “while the majority of TCM treatments are plant-based, some pharmaceutical companies continue to source ingredients from threatened animals, aggravating the pressure on the survival of these species…Our very real concern is that such a huge expansion of TCM in Africa, as is happening under China’s Belt and Road Initiative, will have the knock-on effect of drastically increasing demand for treatments containing wildlife and, in turn, cause more species to become threatened or extinct.” See also coverage of the report in Al Jazeera.
November 17, 2021 Source: eia-international.org
EXCLUSIVE Germany may have been naive on China at first, Merkel says
Angela Merkel has some China regrets: In an interview with Reuters, the longtime German chancellor said, “Maybe initially we were rather too naive in our approach to some cooperation partnerships…These days we look more closely, and rightly so.” However, she cautioned that she opposes “total decoupling” from China, saying it “wouldn’t be right in my view, it would be damaging for us.” Merkel is expected to leave office as soon as a new coalition government is formed following the country’s September elections.
November 17, 2021 Source: Reuters
China’s Search for Allies
Is the U.S. alliance advantage temporary? Patricia M. Kim of the John L. Thornton China Center at the Brookings Institution writes in Foreign Affairs, “Biden should be aware that when U.S. leaders vow to reimagine Washington’s alliances and work toward ‘a new 21st century vision’ of ‘integrated deterrence,’ Beijing could very well pursue the same with its own strategic partners.”
November 17, 2021 Source: Foreign Affairs
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Self-driving unicorn Pony.ai put the brakes on plans to build its own cars alongside developing self-driving technology, a week after several top-level departures from its self-driving truck team.
November 17, 2021 Source: 36Kr
South African payments gateway Ozow raises $48M Series B led by Tencent
Tencent led a $48 million funding round for South African startup Ozow, which aims to make financial services more widely accessible to underbanked South Africans.
November 17, 2021 Source: TechCrunch
BeiGene’s $31 Billion Shanghai Share Sale Wins Approval
Biopharmaceutical company BeiGene’s IPO on the Shanghai STAR Market was approved by security regulators. It will now set a date for its IPO and file a prospectus.
November 16, 2021 Source: caixinglobal
$8 Billion Takeover Offer Could Avert One of China's Biggest Potential Corporate Failures
Another chip asset for Alibaba? Alibaba appears to be the frontrunner in an $8 billion takeover of Tsinghua Unigroup. Once key to China’s semiconductor ambitions, debt-ridden Unigroup could become an asset to Alibaba as it expands into chip making, Bloomberg reports.
November 16, 2021 Source: Bloomberg.com
Opinion | Biden administration soon to announce diplomatic boycott of the Beijing Olympics
A U.S. diplomatic boycott of the Beijing Olympics? Washington Post columnist Josh Rogin writes that, according to “several sources familiar with the plans, the White House is expected to announce that neither President Biden nor any other U.S. government officials will attend the Beijing Games.” The decision is reportedly not finalized, but a “formal recommendation has been made to the president and he is expected to approve it before the end of the month.”
November 16, 2021 Source: Washington Post
As U.S. spies look to the future, one target stands out: China
The U.S. wants to spy on China: NPR reports from a intelligence community conference at Sea Island, Georgia:
“One former CIA director, Michael Hayden, joined the Cipher Brief Threat Conference virtually and helped set the tone as he shared the advice he gave to the current CIA director, William Burns.
‘First of all, you’ve got to go to China. And then second of all, you’ve got to go go to China. And the third one is, you’ve got to go to China. And he said, “OK, I got it,”‘ Hayden recounted.”
November 16, 2021 Source: NPR.org
China’s game licensing freeze could soon thaw, as stocks jump at the news
Regulators will restart video game approvals later this month, ending the longest licensing freeze since 2018, and bringing relief to developers increasingly looking to international markets.
November 16, 2021 Source: South China Morning Post
Don’t believe the deglobalisation narrative
Is decoupling over-hyped? “Data show trade balances are not shrinking and foreign investment continues to pour into China,” says Megan Greene in the Financial Times. “Decoupling is everywhere except in reality,” says think tank MacroPolo.
November 16, 2021 Source: FinancialTimes