The balance of loans in Shanghai stood at 8.46 trillion yuan (about 1.31 trillion U.S. dollars) at the end of December, up 6 percent year on year. ( read original story ...)
Inside China Tech: China’s central bank defines monopoly amid antitrust curb of fintech market
Hi, this is Melissa Zhu from SCMP's tech desk rounding up our top stories on China technology. This week, we covered the central bank's proposed definition of monopoly in China's third-party online ... ( read original story ...)
A year after Wuhan lockdown, China sees small rise in COVID-19 cases
China on Saturday reported more new cases of COVID-19 and the financial hub of Shanghai imposed new restrictions, as the country marked the anniversary of the world's first coronavirus lockdown in ... ( read original story ...)
CLPS Incorporation Invests in E-Commerce to Diversify Its Business Model
CLPS Incorporation (Nasdaq: CLPS) (“CLPS” or “the Company”), today announced its strategic investment, through its wholly owned subsidiary, ChinaLink Professional Services Co. Ltd., in Shanghai Shier ... ( read original story ...)
Tesla Model 3 ‘Explodes’ in Shanghai Parking Garage After Driver Allegedly Hits Manhole Cover
Such an instance reportedly occurred on Tuesday of this week in an underground Shanghai parking garage, per various Chinese media outlets. A Tesla Model 3—whose manufacture location hasn't been ... ( read original story ...)
The U.S. Deported The Man Who Would Become China’s ‘Father of Space Technology’ Out of Fear
Fearing communist presence after the war, the U.S., however, deported Qian to China, clueless that he would eventually spearhead programs that would target American troops and eventually propel China ... ( read original story ...)
Hong Kong Hits 30K Resistance Level, ByteDance Rival Kuaishou Prepares For IPO, Week In Review
Hong Kong stocks outperformed Mainland China this week, hitting the 30,000 resistance level, following a year of lackluster returns compared to the Mainland. ByteDance rival Kuaishou has locked in ... ( read original story ...)