China’s Social Credit System

Bytedance, TikTok’s Beijing-based parent company, is looking to raise $2 billion at a $180 billion valuation, Bloomberg reported on Thursday morning. The new funding would come as TikTok’s future in the U.S. hangs in the balance, as it waits to hear if a deal for Oracle to become its “trusted…

A new Chinese therapy for Alzheimer’s is embarking on a much-anticipated U.S. study -- the latest bid to revive hopes in the multibillion-dollar search for an effective medicine against the incurable disease.Shanghai Green Valley Pharmaceutical Co. said this week that researchers have identified the first patient from a screening process…

As the COVID-19 pandemic rages across the world and challenges the global economy, e-commerce livestreaming related industries continue to thrive in China.  Among the companies is Shang Jing (上镜), a Beijing-based startup that uses machine learning to standardize and make more efficient the matchmaking process between brands and internet celebrities…

BYD’s Han EV (Source: BYD) New energy vehicles are forecast to make up 20% of new car sales in China by 2025, according to a State Council statement published Monday. As the world’s largest market, new energy vehicles (NEV) in China include plug-in electric vehicles, battery electric vehicles, plug-in hybrid…

Jack Ma (Source: Alizila) Jack Ma, founder of China’s fintech giant Ant Group, and two other executives were summoned on Monday by China’s top financial regulators for talks, ahead of the company’s $37 billion public offering.In a brief statement, the People’s Bank of China (PBOC), the China Banking and Insurance…

Chinese ambassador to Japan, Kong Xuanyou, has called on Japanese leaders to work together with Beijing to improve relations. Photo: Kyodo Japan urged not to host American intermediate-range missiles and upset the regional security balance Kong Xuanyou says tension over the Diaoyu Islands ‘will not do China any good’ Topic |  …

(Source: Pony.ai) Gracell Biotechnologies raises $100 million in Series C round Gracell Biotechnologies Inc., a Chinese clinical-stage biopharmaceutical company dedicated to developing efficacious and affordable cell therapies for the treatment of cancer, announced it has raised $100 million in its Series C funding round. The round was led by Wellington…

Korea was blanketed by smog again on Monday as fine dust concentration levels soared through the roof due to seasonal dust storms in the Mongolian desert and factories in China belching toxic smoke.An average hourly fine dust concentration level of 158 ㎍/㎥ was measured on Korea's westernmost island of Baeknyeong…

Earlier this month, the public got its first glimpse of Iris Xe Max, Intel’s new discrete GPU for thin-and-light laptops, at an Acer press event. Today, Intel revealed the full first wave of laptops that will include this GPU, some of which are available for purchase now in certain countries.…

Just earlier this week, Bloody Elbow covered Tony Jaa’s latest action movie, Paul W.S. Anderson’s Monster Hunter, and noted it was a shame that Jaa’s prodigious martial arts skills appeared absent from the film. It seems that the Thai star will now have an opportunity to show American audiences just…