Category

China’s Social Credit System

China’s SOE Developers Take 8 of Top 10 Spots in 2022 Sales Rankings China's Social Credit System

China’s SOE Developers Take 8 of Top 10 Spots in 2022 Sales Rankings

SOEs accounted for more than three-quarters of sales among China’s top 10 property giants in 2022 State-owned enterprises dominated the ranks of China’s biggest developers by sales in 2022, with SOEs accounting for eight of the top 10 mainland builders, as Beijing’s deleveraging policy battered the country’s private real estate…
bubmag
January 23, 2023
After India, debt-ridden Sri Lanka gets China’s support for IMF bailout package China's Social Credit System

After India, debt-ridden Sri Lanka gets China’s support for IMF bailout package

Colombo: Days after India strongly backed Sri Lankas’s efforts to secure the loan from the global lender to recover from its worst-ever economic crisis, the island nation has received the financing assurances from China required to unlock a USD 2.9 billion bailout package by the International Monetary Fund. The Sunday…
bubmag
January 22, 2023
Porsche China’s Digital Collectibles, Luxury’s New Digital Fashion Platform, And More: Web3 Drops Of The Week China's Social Credit System

Porsche China’s Digital Collectibles, Luxury’s New Digital Fashion Platform, And More: Web3 Drops Of The Week

With 2023 now in full swing, brands are picking up the pace with their Web3 activations. Virtual marketplace DressX is deepening its relationship with fashion label Dundas, while small startups like Syky are pushing to make their names known in the space. Though leading brands will be the ones to…
bubmag
January 22, 2023
Chinese astronauts send Spring Festival greetings from space station China's Social Credit System

Chinese astronauts send Spring Festival greetings from space station

Just ahead of the Spring Festival, three Chinese astronauts send their greetings from China's space station 400 km above Earth. Produced by Xinhua Global Service BEIJING, Jan. 21 (Xinhua) -- The Shenzhou-15 astronauts Fei Junlong, Deng Qingming and Zhang Lu sent their Spring Festival greetings from China's Tiangong space station…
bubmag
January 21, 2023
“The Wandering Earth 2” Surpasses $15M in China’s Pre-Sale Box Office China's Social Credit System

“The Wandering Earth 2” Surpasses $15M in China’s Pre-Sale Box Office

Before “The Wandering Earth 2” film officially debuts during China’s upcoming Spring Festival holiday, a special watching event was held in Beijing on January 18, allowing guests from the film industry and a scientific advisory team to be the first to watch it. Many reacted positively, claiming that the film…
bubmag
January 20, 2023
Blizzard Bans Players in China From Hearthstone Competition China's Social Credit System

Blizzard Bans Players in China From Hearthstone Competition

US-based video game developer Blizzard on January 20 released competition rules for this year’s Hearthstone tournament, showing that players in mainland China will not be able to participate. If they have already found partners for the competition, Blizzard will reevaluate their qualifications. The announcement also shows that the scale of…
bubmag
January 20, 2023
As COVID-19 surged in China, so did spending by funeral providers China's Social Credit System

As COVID-19 surged in China, so did spending by funeral providers

BEIJING: A funeral parlour in the Chinese city of Shantou published a tender recently for an "emergency purchase" of two cremation ovens, according to a government procurement database, one of several indications of COVID-19's deadly toll. A funeral service centre in the Sichuan province city of Zigong explained the purchase…
bubmag
January 20, 2023