The U.S. Department of Commerce has added seven Chinese supercomputer makers to Entity List for their support to China’s military modernisation, and other destabilising efforts. | Photo Credit: ... ( read original story ...)
Top 10 IPOs by China’s billion-dollar tech start-ups to watch for in 2021, including Megvii, Douyin, Didi Chuxing and ByteDance
it would simply stop the IPO of any “sick” company trying to force its way through to IPO in Shanghai or Shenzhen. China’s booming consumer market is good fodder for unicorns that specialise in ... ( read original story ...)
Alibaba Fined $2.78 Billion for Monopolistic Behaviors in China
LONDON — Alibaba, China’s biggest e-commerce operator was fined 18.23 billion renminbi, or $2.78 billion, by China’s State Administration for Market Regulation for monopolistic behaviors, China’s ... ( read original story ...)
Shanghai surpasses HK as costliest city for the rich
The Swiss private-banking company said that the HKSAR now is the third-priciest city after Shanghai and Tokyo. The HKSAR’s slide was due in part to its relatively flat prices compared with the rising ... ( read original story ...)
Volkswagen ID.6 EV crossovers lurk in the shadow before Shanghai debut
Volkswagen will introduce a pair of production-bound EVs called ID.6 X and ID.6 Crozz in Shanghai. At least one could come to America. ( read original story ...)
China’s Didi Chuxing raising $1.5 billion in debt as it nears blockbuster IPO: Reports
Chinese ride-hailing giant Didi Chuxing is said to be raising $1.5 billion in debt financing ahead of a blockbuster U.S. IPO, according to multiple reports. ( read original story ...)
Shanghai troupe leader brings ‘silent disco’ to granny line dancing
On the advice of another group dancing leader, Shi Faming, he turned to analogue technology to solve the problem: an FM radio transmitter. According to a video from Shanghai Daily, the transmitter ... ( read original story ...)