China’s Social Credit System

(Source: The Silicon Review) Following U.S. digital money transfer platform PayPal’s acquisition of Chinese licensed payment company GoPay in 2019, PayPal made another move to hold the full equity of GoPay today, according to local media 21st Century Business Herald. On Aug. 17, 2020, PayPal embarked on a journey to…

China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday. UNLOCK DATA Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and…

NIO intends to issue US$1.3 billion convertible senior notes NIO announced after the US stock market on January 11 that it plans to issue US$650 million in 2026 convertible senior notes and US$650 million in 2027 convertible senior notes. WHO: The world will not achieve herd immunity in 2021 On…

Plans to overhaul legal system will include reforms to ‘overcome shortcomings’ in areas such as AI, cloud computing and online finance Regulations have been relatively lax until now to aid the development of the country’s digital economy Holly Chik and Guo Rui in Guangzhou Published: 12:02am, 12 Jan, 2021 Updated:…

Chloé Zhao’s ‘Nomadland’ Wins Big at U.S. National Society of Critics Awards  Chinese-born female director Chloe Zhao’s feature film “Nomadland” turned out to be a big winner on Saturday at the annual National Society of Film Critics Awards with four trophies. Zhao took home the Best Director award and Best…

Moviegoers wear face masks in a screening hall at a cinema almost six months after its closure due to the coronavirus pandemic on July 24, 2020 in Beijing, China. China News Service | China News Service | Getty Images In a year marred by a deadly global pandemic, Japan's box…

SHANGHAI (Reuters) - China has called for the swift return of a soldier it says is being held by Indian authorities after disappearing along the border. The China Military Online, a news portal run by the military’s official PLA Daily, said on Saturday the Chinese border guard went missing on…

CHENGDU, China/SHANGHAI (Reuters) - Chinese electric vehicle (EV) maker Nio Inc on Saturday launched its first sedan model, eyeing a greater share of the world’s largest car market. The launch of the ET7, at an event in the western city of Chengdu, came as rival Tesla started selling its China-made…

Short video app Douyin has been fined for spreading ‘obscene, pornographic and vulgar information’ This is a ‘clear signal’ to China’s internet companies that tighter regulations are coming, state news agency Xinhua says Topic |   TikTok E3B1C256-BFCB-4CEF-88A6-1DCCD7666635 Published: 11:00pm, 8 Jan, 2021 Updated: 12:31am, 9 Jan, 2021 Read More

  Key Takeaways: In China, social commerce makes up 11.6 percent of retail e-commerce sales, totaling $186.04 billion (1.285 trillion RMB) in 2019. Chinese social media platforms are more multifunctional and have a broader purpose than their Western counterparts. The rise of a new consumer class — the affluent, sophisticated, and…