China’s Social Credit System

Chinese authorities investigate an e-commerce giant, Google may be tightening its grip on research and VCs weigh in on the year’s biggest surprises. This is your (briefer than usual) Daily Crunch for December 24, 2020. The big story: Alibaba faces antitrust probe China’s State Administration for Market Regulation said that…

HONG KONG — China has launched an antitrust investigation into Alibaba Group regulators said on Thursday, in the latest blow for Jack Ma’s e-commerce and fintech empire.The probe is part of an accelerating crackdown on anticompetitive behavior in China’s booming internet space, and the latest setback for Ma, the 56-year-old…

BEIJING: The crew of the US-owned Horizon Spirit expect to spend Christmas looking after their 240m long container ship in a southern Chinese shipyard, barred, like thousands of sailors worldwide, from going ashore due to COVID-19 restrictions.Most of the 22-member crew that left Los Angeles on Oct 22 have been confined…

China hopes to position itself as a global commodities marketplace with its launch of a new futures contract on the copper market.Copper is widely used across various industries, in particular in electrical circuits used everywhere, from real estate to vehicles and household appliances.Copper contracts already existed in China but exclusively…

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The price is right for consumers, but is it suicide for convenience stores? Zhào Yùe 赵悦, an analyst at Beijing-based research firm Analysys, told SupChina that the efficiency of community group buying is in between traditional group-buying models like Pinduoduo, which take three or more days to deliver, and immediate…

Business Macau is betting on a new tech trade fair to help diversify its gambling-reliant economy and establish itself as a gateway to China as it recovers from coronavirus-related lockdowns. FILE PHOTO: A night view of the Casino Lisboa after gambling recommenced at midnight, in Macau, China February 20, 2020.…

No results matched your search Economy15 hours ago (Dec 21, 2020 01:15PM ET) © Reuters. Imported barley is transported from a cargo ship at the port of Nantong GENEVA (Reuters) - Australia has requested dispute consultations with China concerning duties imposed by China on Australian barley imports, the World Trade…

Stephen Maher: China's increasing belligerence will require a tougher tone from Ottawa. The fate of the Liberal government may depend on it. If you were to make a list of all the people who stand between Justin Trudeau and the majority government he dreams of, you’d have to put Xi…

What Happened: Wuhan’s second K11 Art Mall has opened in the Qiaokou District. The first one, called K11 Select, opened in Optics Valley in 2017. But the newer Wuhan K11 will be positioned as a high-end luxury shopping complex, carrying more than 30 international and local brands, including the Armani…