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China’s Social Credit System

Evergrande Gets $818M Refund for Surrender of Football Stadium Project China's Social Credit System

Evergrande Gets $818M Refund for Surrender of Football Stadium Project

Evergrande’s football stadium under construction earlier this year (Source: Getty Images) China Evergrande Group, the world’s most indebted developer, said late last week it will receive a RMB 5.52 billion ($818 million) refund from the city of Guangzhou for giving up the land use rights for an unfinished football stadium…
bubmag
August 8, 2022
China’s Taiyi Group Acquires Huobi’s Communication Tool for Metaverse Exploration China's Social Credit System

China’s Taiyi Group Acquires Huobi’s Communication Tool for Metaverse Exploration

Chinese companies are increasingly focusing their attention on developing the metaverse space. Despite the top-down state control, companies have made big investments in both hardware and software. Taiyi Group is one such organization that has now announced the acquisition of Huobi’s communication tool, dubbed Huoxun. According to a recent report,…
bubmag
August 7, 2022
In Taiwan, Life Goes On Under Barrel of China’s Gun China's Social Credit System

In Taiwan, Life Goes On Under Barrel of China’s Gun

TAIPEI—Liuqiu, a short high-speed ferry ride from the southern Taiwanese town of Donggang, draws day trippers to its coral-fringed beaches, laid-back atmosphere and scenic lookouts. This week, some visitors headed to the southernmost tip of Sunset Pavilion hoping for a more dramatic view: Chinese battleships and jet fighters practicing for…
bubmag
August 6, 2022