Category

China’s Social Credit System

Ford, Infiniti and Alibaba’s UC Browser Denounced for Unfair Practices on Chinese Consumer Rights TV Show China's Social Credit System

Ford, Infiniti and Alibaba’s UC Browser Denounced for Unfair Practices on Chinese Consumer Rights TV Show

(Source: Ford) During a popular annual television program broadcast by state-run China Central Television on March 15 – which is also World Consumer Rights Day – several domestic and foreign brands were singled out for violations of consumer rights. Dubbed the “315 Gala”, this year’s show exposed high-profile brands including…
bubmag
March 16, 2021
News24.com | Tencent faces broad China clampdown on fintech, deals China's Social Credit System

News24.com | Tencent faces broad China clampdown on fintech, deals

Tencent could be a next target of increased supervision Like Ant, Tencent will probably be required to establish a financial holding company to include its banking, insurance and payments services.The two firms will set a precedent for other fintech players on complying with tougher regulations, such a move would mark…
bubmag
March 13, 2021
G7 expresses ‘grave concerns’ over electoral changes in Hong Kong China's Social Credit System

G7 expresses ‘grave concerns’ over electoral changes in Hong Kong

Foreign ministers in the G7 group of nations including the United States have expressed "grave concerns" at what they said was China's decision to fundamentally erode democratic elements of the electoral system in Hong Kong. The G7 released a statement that was tweeted by British Foreign Secretary Dominic Raab, saying…
bubmag
March 13, 2021
U.S. Wants India’s Help on China, but There Are a Few Sticking Points China's Social Credit System

U.S. Wants India’s Help on China, but There Are a Few Sticking Points

The Biden administration is working to embed India in a network of countries in sharp competition with China, though they need to smooth over disagreements that include human rights and New Delhi’s acquisition of a Russian defense system. Highlighting the push is a virtual Friday meeting between President Biden and…
bubmag
March 12, 2021
Developer CFLD Defaults on Another $1.3B in Debt and More Asia Real Estate Headlines China's Social Credit System

Developer CFLD Defaults on Another $1.3B in Debt and More Asia Real Estate Headlines

Things are looking grim for CFLD boss Wang Wenxue In today’s roundup of regional news headlines, heavily leveraged mainland developer CFLD announces its latest default, China’s Sincere Property throws shade on joint venture partner CDL of Singapore, and 41 parties enter the race for a Hong Kong development project. Developer…
bubmag
March 11, 2021