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China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a broader crackdown on unpaid bills. read more.....»»
Spotify employees question lavish spending on events while the company lays off thousands
Amidst layoffs, Spotify remains committed to extravagant events, sparking debate about the company's spending habits and marketing priorities. (L to R) will.i.am, Florence Welch, Daniel Ek, Spotify CEO, and Jack Harlow attend an evening of.....»»
Chinese Regulators Crackdown On Internet Companies Ordering Them To "Rectify" Irregularities
Chinese Regulators Crac.....»»
Tencent sheds $65 billion in 2 days as investors fear a Chinese government crackdown
Chinese authorities are stepping up its scrutiny of the country's fintech firms, and Tencent could be in the firing line. Pony Ma is chief executive of Tencent VCG/Getty Images Tencent shares .....»»
JD Could Withdraw Fintech Arm IPO Amidst Regulatory Crackdown: Report
Chinese e-commerce major JD.Com Inc’s (NASDAQ: JD) fintech unit, JD Technology, will likely withdraw its IPO application on Shanghai’s technology-heav read more.....»»
: Yogurt giant Danone to sell Chinese unit in bid to appease activist investors
The Danone board will meet on Monday to debate a response to increasing pressure from activist funds......»»
A "nirvana set up" for FAANG in 2021: Wedbush says Chinese tech crackdown is bullish for US tech stocks
Wedbush's Dan Ives said the incoming US administration and potent.....»»
Alibaba Regulatory Woes A "Nirvana Set Up" For FAANG Stocks, Says Analyst
The regulatory crackdown on Chinese “tech stalwarts” such as Alibaba Group Holding Ltd (NYSE: BABA) is favorable for the so-called FAANG stocks, according to Wedbush analyst Daniel Ives. read more.....»»
Trump administration charges China-based Zoom executive over disrupting video calls held to commemorate Tiananmen Square crackdown
Xinjiang Jin, Zoom's liaison with Chinese law enforcement, allegedly terminated users' video calls and created fake terms of service violations. A man displays an.....»»
Covid-19 has created new jobs — for scammers preying on the unemployed
The FTC and state agencies are cracking down on employment, multilevel marketing, work-at-home and investment scams costing consumers at least $150 million......»»
Covid-19 has created new jobs — for scammers preying on the unemployed
The FTC and state agencies are cracking down on employment, multilevel marketing, work-at-home and investment scams costing consumers at least $150 million......»»
Trump eyes crackdown of NYSE-listed Chinese companies
The Trump administration is looking 'very strongly' at making Chinese companies follow US accounting standards in order to list on exchanges......»»
Developer behind Porsche Design Tower says luxury condo, hotel markets will bounce back
This developer is holding off on aggressive condo marketing, but he expects pent-up demand once the economy reopens......»»
Study Says Half Of All Chinese Restaurants Are Closed, Chicken Wing Chains Holding Up Best
Around one out of every two Chinese restaurants in the U.S. were forced to close their doors because of the coronavirus, according to data compiled by Womply, a marketing company. read more.....»»
5G: Does Huawei 5G pose a national security risk?
Chinese telecoms giant Huawei is at the center of a heated international debate over national cybersecurity as 5G technology becomes evermore embedded in our lives......»»
Apple reopens all its branded stores in China
Apple Inc has reopened all 42 of its branded stores in China, more than a month after they were shut due to fears over the coronavirus outbreak, the iPhone maker's Chinese website showed on Friday......»»
Why China’s Debt Defaults Are Picking Up Yet Again
Chinese companies are facing a reality check after years of ramping up debt. A de-leveraging campaign that President Xi Jinping began in 2016 to curb risks in financial markets has led to a crackdown on unregulated lending -- so-called shadow ban.....»»
As Britain decides, Europe grapples with Huawei conundrum
Britain's decision on whether to allow Huawei to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology......»»
Explainer: As Britain decides, Europe grapples with Huawei conundrum
Britain's impending decision on whether to allow Huawei [HWT.UL] to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology......»»
With China gunning for aircraft carriers, US Navy says it has to change how it fights
US Navy Advances in offensive weaponry, namely Chinese long-range missiles, have stoked more debate about the viability of the aircraft carrier in future wars. But just because those threats are there doesn't mean the carriers are obsolete, the Nav.....»»