China’s Social Credit System

The financing will help launch the FF91, Faraday Future’s flagship all-electric vehicle, within the next 12 months. According to 36Kr (in Chinese), the FF91 will be priced at the highest end of the market ($180,000–$300,000) and more expensive than premium brands like BMW and Mercedes-Benz. The funding marks a milestone…

But the most damning measure of all is number 13: In addition to preventing the registration of new after-school tutoring institutions, it calls for existing tutoring institutions to be “uniformly registered as nonprofits.” The measures would ban tutoring companies from going public or raising capital. Those that are already listed…

Hong Kong, China -- (ReleaseWire) -- 07/22/2021 --The mission of a responsible Exchange is to provide users with the most convenient and reliable digital services. Since 2017, ZB has been committed to opening up the international market and bringing convenient recharge channels to many regions, such as the United States,…

Hong Kong, China -- (ReleaseWire) -- 07/22/2021 --Video marketing has rocket launched in the past few years and has become the go-to medium while considering promoting any message, be it for advertisement, notifications, announcements, business presentations, etc. People can relate to video more easily when there is text around to…

At least 18 people have died after torrential rains inundated towns an cities in central China - trapping people in a flooded subway system in water up to their necks Twelve of the deaths reported so far occurred in the city of Zhengzhou, Henan province, after the city's underground network flooded…

In the past week, the United States and Europe have tossed a once-obscure climate policy into the spotlight: carbon tariffs, or “border adjustment mechanisms,” as they’re called. Last week, politicians in Brussels unveiled a 291-page proposal to levy a fee on carbon-intensive imports. And on Monday in the U.S., Democratic…

TOKYO — Japan’s exports jumped in June led by U.S. demand for cars and China-bound shipments of chip-making equipment, supporting hopes for an export-led recovery in the world’s third-largest economy. Exports rose 48.6% in June from a year earlier, the fourth straight month of double-digit gains, although growth was largely…

In last week’s VC news, Microsoft’s China-based spin-off gets a new injection granting it unicorn status, local lingerie industry leader Neiwai raises a whopping $100 million in the latest round, Alibaba and SAIC motors back smart vehicle software startup Banma, attracting $464 million in investment from a cohort of new…

Syria has accused Israel of launching a new attack on the country shortly after China pledged additional support for the war-torn Arab nation that Beijing views as important for its economic footprint in the Middle East. Following reports Monday of explosions in the country's northwest, the Syrian Defense Ministry released…

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