China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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1,796 articles matching the search query.
China Online Grocer Missfresh Drops 26% On Nasdaq Debut; CEO Sees Growth Prospects
China neighborhood online grocer MissFresh added its name on Friday to the largest group of U.S. IPOs in 21 years in the second quarter.
How Xi and the CCP Turned on Jack Ma, Ant, and China’s Fintech Companies
Ant has lost at least $70 billion in value since its scuttled IPO, and companies from Tencent to JD.com are under pressure, too. The winners? The country’s state-backed banks.
EV Maker Xpeng Seeks Hong Kong Listing of Up to $1.97 Billion
New York-traded electric-vehicle maker Xpeng Inc. is looking to raise as much as $1.97 billion for a listing in Hong Kong, putting it on track to be the first Chinese EV producer to complete a so-called homecoming share sale.
China Takes Aim at Educational Costs as It Seeks to Reverse Birthrate Decline
Officials concerned about rising social anxieties around educational competition are planning measures to boost couples’ willingness to have children.
Lazada, Shopee Sales Drive Southeast Asia Online Shopping Boom
Monthly mega-sales events are emerging as a key driver for Southeast Asia’s online-shopping boom, a study showed, as the region’s retailers are seeking to duplicate the success of China’s Singles Day and North America’s Black Friday.
Alibaba may be Suning’s white knight in hiding
Alibaba (9988.HK) may be the simple solution to Suning.com’s (002024.SZ) mounting debt problems. The e-commerce giant’s 20% stake in the embattled Chinese retailer has plunged by two-thirds in value since it bought it in 2015. The shares have further to fall as Suning faces billions of debt due. Given Alibaba’s push into bricks-and-mortar commerce, a takeover could benefit both sides.
Beijing Warns Meituan CEO to Stay Low-Key After Poem Furor
China’s government summoned Meituan’s Wang Xing to a meeting recently and warned him to keep a low profile, after the founder of China’s third-largest tech corporation last month posted a controversial poem that convulsed markets and sparked a social media furor.
Alibaba Falls Victim to Chinese Web Crawler in Large Data Leak
A Chinese software developer trawled the popular Taobao shopping website for eight months, collecting more than 1.1 billion pieces of user information including IDs and phone numbers, a Chinese court verdict said.
China’s New Data Law Gives Xi the Power to Shut Down Tech Firms
(Bloomberg) -- China’s new data security regime gives President Xi Jinping the power to shut down or fine tech companies as part of his drive to wrest control of vast reams of data held by giants like Alibaba Group Holding Ltd. and Tencent Holdings Ltd.Firms found mishandling “core state data” can be forced to cease operations, have their operating licenses revoked or fined up to 10 million yuan ($1.6 million) under a law passed Thursday by the Asian nation’s top legislative body.Companies that
Alibaba to develop self-driving trucks with logistics unit Cainiao
Chinese e-commerce leader Alibaba Group Holding Ltd (9988.HK) plans to develop self-driving trucks with logistics subsidiary Cainiao, Chief Technology Officer Cheng Li said on Thursday.
Tech Crackdown Hits Chinese Stocks, Just Not in China
China’s tech crackdown is mostly affecting firms listed outside the country, helping to create a big performance gap between onshore and offshore Chinese stocks.
China’s Emerging Tech Firms Grapple With Losses
The red ink is piling up at China’s emerging technology champions, as Meituan, Pinduoduo, Kuaishou spend heavily to spur new market segments.
After Years in Prison, China Grocery Tycoon Weighs Twin IPOs
In 2018, Zhang Wenzhong was cleared by China’s top court of financial misconduct charges after earlier spending more than half a decade in prison. Three years later, the Chinese tycoon has revived the supermarket business he founded, and is about to launch two initial public offerings -- one in Hong Kong and the other in the U.S.
China’s Tech Clampdown Is Spreading Like Wildfire
The latest salvos in China’s campaign against its tech companies make one thing clear: Jack Ma’s businesses aren’t the only ones under the regulatory microscope.
China’s Tech Crackdown Is Cooling Hong Kong’s IPO Market
New Hong Kong listings are tracking at their slowest pace since the aftermath of the global financial crisis, as weaker markets and China’s clampdown on its biggest tech firms chill sentiment.
Alibaba, Baidu and Tencent learn Netflix lessons in content fight
Original shows help China's long-form video platforms win back viewers from apps
Old-School Tycoons of Hong Kong Are Losing to China’s Moguls
The prediction was vintage Jack Ma, as provocative as it was prescient.“This is the era of the internet,” the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding Ltd. public in Hong Kong had been scuttled by regulators. “It no longer belongs to Li Ka-shing.”Ma’s dig at the famed Hong Kong tycoon raised plenty of eyebrows at the time, but few would disagree with him now. The past few years have seen a remarkable shift in fortunes between China’s
China’s Next-Generation Tech Firms Hit Hard by Market’s Pullback
Stock in former darlings such as Meituan, Pinduoduo and Kuaishou has dropped by more than one-third from highs reached earlier this year.
Jack Ma’s school for business elites drops ‘university’ from its name
A Hangzhou-based school set up by Jack Ma to train business elites has quietly dropped university from its name, a move that follows its suspension of new admissions this year.
Jack Ma’s Ant Posted $3.4 Billion Profit After IPO Halt
Ant Group Co.’s profit rose to $3.4 billion in the December quarter after Chinese regulators thwarted its record initial public offering and told it to scale back its sprawling business.