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Huobi Says It’s Joining a Chinese Government-Led Blockchain Alliance
Huobi China has joined a blockchain consortium backed by a powerful state-sponsored entity......»»
Tencent launches WeChat for drivers
Tencent Holdings on Monday unveiled a version of its popular social media app WeChat tailor-made for drivers with state-backed Chinese carmaker China Chang'an Automobile Group, marking a further foray into transportation solutions......»»
The Uighurs
In its far western region of Xinjiang, China says it’s fighting separatism and religious extremism among Uighurs, a Muslim ethnic group. To some outsiders, it’s building a 21st-century gulag, combining police-state repression backed by high-tech fa.....»»
Top retail analyst reveals his playbook for the China "wildcard" as retailer optimism grows
Jim Cramer sits down with J.P. Morgan Equity Research Analyst Matthew Boss for an inside look on the state of retail......»»
China"s Anbang says investor selection work under way
BEIJING (Reuters) - China's Anbang Insurance Group [ANBANG.UL] said on Monday that the selection process for a strategic shareholder has begun, reiterating that it has ample cashflow and is operating normally after its state-backed bailout......»»
Alibaba, Tencent lead $1.5 billion investment in China media group CMC
SHANGHAI/BEIJING (Reuters) - Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd ......»»
China"s state-backed "National Team" may rescue stocks from trade war woes
Reuters The "National Team" is a group of institutional investors that was .....»»
Chinese Banking Giant Issues $1.3 Billion in Securities on a Blockchain
A state-owned commercial bank in China has completed the issuance of mortgage-backed securities worth $1.3 billion using a blockchain network......»»
Ant Troubles Not Over? Jack Ma"s Relations With Regulators Said To Be Under Beijing Scrutiny
Alibaba Group Holdings Ltd (NYSE: BABA)-backed Ant Group is under fresh regulatory scrutiny as China is now probing how the ace entrepreneur Jack Ma won quick approvals for the stock’s initial public offering last year, The Wall Street Journal read more.....»»
IPO Market Starts To Show Cracks As Tech Deals Falter
IPO Market Starts To Show Cracks As Tech Deals Falter Caught between the rock of Xi JInping tracking down on local tech companies (see "China Considers Creating State-Backed Company .....»»
Chinese tech giants sink on report China is considering a state-backed company to oversee tech data
Chinese tech giants fell on Wednesday after reports said the PBOC is considering establishing a joint venture to oversee companies' data collection. .....»»
Secretary of State Antony Blinken says he stands by Mike Pompeo"s designation that China committed genocide against the Uighurs
Former Secretary of State Pompeo said on January 19 he believed China's treatment of the mostly-Muslim ethnic group was genocide. Antony Blinken at the White House on January 27, 2021. Jabi.....»»
China Evergrande New Energy Vehicle Company Attracts 6 Investors To Raise $3.4 billion
The electric vehicle unit of property developer China Evergrande Group said on Sunday it would bring in six new investors and will raise $3.4 billion to repay debt and fund research, Reuters has reported. read more.....»»
Why State Aid Stirs Controversy From China to the EU
In theory, the system of free trade driving the world economy is supposed to provide a “level playing field” for all. In practice, countries have long complained that rivals unfairly dish out aid in the form of state-backed subsidies to boost .....»»
A NASA scientist was charged with lying to the FBI about participating in a Chinese government recruitment program
Meyya Meyyappan, 66, was a member of China's Thousand Talents Program, a Chinese government group that recruits international scientific experts. Aerial views of the Ames Research Center, NASA Research Park, and Moffett Airfield in C.....»»
Germany Blocks China Satellite Buy, Steps Up Corporate Defenses
Last week Germany blocked the sale of a satellite and radar firm to a Chinese state-backed buyer, the latest in a cooling of corporate relations between the two countries. China Aerospace and… The post German.....»»
Imagination, BAIC Capital to form automotive chip JV
Imagination Technologies announced recently it has struck a deal with BAIC Capital, a Beijing-based investment unit of China's state-owned automaker BAIC Group, to initiate the establishment of an automotive fabless semiconductor company......»»
IBM, Merck Declare FDA-Backed Drug Tracing Blockchain a Success
IBM, Merck, Walmart and KPMG’s drug-tracing blockchain pilot exceeded the interoperability benchmarks set by the Food and Drug Administration, the group said......»»
Swiss government works with UBS, Credit Suisse on aviation sector loans
The Swiss government is working primarily with UBS Group and Credit Suisse on a nearly 1.9 billion Swiss franc ($1.95 billion) package of state-backed loans for the coronavirus-hit aviation sector, it said on Wednesday......»»
Coronavirus came to New York from Europe, not China, governor says
New York Governor Andrew Cuomo on Friday pointed to research showing that strains of the novel coronavirus entered his state from Europe, not China, and said that travel bans enacted by U.S. President Donald Trump were too late to halt its spread......»»