China's Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant's business, the first top management exit since a ... ( read original story ...)
Alibaba-Backed Chinese AI Startup Megvii Sets For Shanghai IPO: Bloomberg
Megvii specialized in facial recognition. China’s security fixation led to a major boost to the eight-year-old firm by triggering a nationwide video surveillance boom. The company recorded a ... ( read original story ...)
Shanghai bourse studies overseas warehousing for bonded copper contract
The Shanghai International Energy Exchange (INE) is studying the possibility of using overseas warehousing for its bonded copper contract as well as listing aluminium futures, its parent bourse said ... ( read original story ...)
Luxury Retail Giants See Portfolios Revenues Reshuffle in China
Major developers saw record gains in mainland China as high as 60 percent in 2020, but suffered on various degrees in Hong Kong. ( read original story ...)
Ant Group publishes financial self-discipline rules amid tightened regulation
Ant Group. Chinese fintech giant Ant Group published self-discipline rules on Friday, vowing to further strengthen the protection of consumer rights and build a more responsible d ... ( read original story ...)
Shanghai animal cafes turn ‘exotic’
A baby raccoon to stroke while you sip your skinny latte? Or a snake to coil around you after your cappuccino? Forget dog or cat cafes, Shanghai’s animal cafe scene has expanded to include a wider — ... ( read original story ...)
Legislation roundup: Realization of pledged stocks, major national IP cases and Shanghai property
Pledgees are allowed to realize the pledged stock CNIPA defines major national IP cases and Shanghai has put forward a new round of property constraining policy. ( read original story ...)