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CHINA

March 20th, 2018 Li Keqiang, Chinese Premier said on Tuesday that China did not want to get involved in a trade war with the United States of America, stating that the conflict could only ruin the relationship between the two countries. “We hope that both parties can maintain reason, not act emotionally, and avoid a trade war,” said Mr. Li at a...
CHINA

March 17th, 2018 The government of China is establishing an investment association to adopt blockchain technology development in the country. The project, entitled Global Blockchain Investment and Development Centre (GBIDC), is reportedly an initiative of the Investment Association of China (IAC) which is a social organization set up to simplify...
CHINA

March 13th, 2018 China’s bike rental giant, Ofo announced it raised $866 million investment led by Alibaba Group, with additional partners in Haofeng Group, Tianhe Capital, Ant Financial and Junli Capital. The company is using a combination of debt and equity financing for this round of investment. A statement from the company claimed that this new...
CHINA

February 12th, 2018 Alibaba Group on Sunday revealed that it will be working towards expansion of its retail footprint and has announced that it invested RMB 5.45 billion (around $867 million) for 15% stake in Beijing Easyhome Furnishing, China’s second-largest home-improvement supplies and furniture chain and invested $486 million in Shiji Retail...
CHINA

February 9th, 2018 Reporters Without Borders or Reporters Sans Frontières(RSF), a non-profit NGO that promotes freedom of information and freedom of the press calls on Chinese reporters and journalists who are using Apple iCloud to close their accounts or relocate by February 28, 2018, when control of their data will pass to the Chinese state. This is...
CHINA

February 7th, 2018 Apple Inc will accept Chinese mobile payment app Alipay in its local stores, boosting its ties with giant e-commerce firm Alibaba Group Holding Ltd amid a push by the iPhone maker to revive growth in the world’s No.2 economy. The tie-up will make Alipay, run by Alibaba affiliate Ant Financial, the first third-party mobile payment...
CHINA

January 27th, 2018 Chinese Internet giant Tencent has opened its first cashier-less pop-up store in Shanghai in a move to tap into the country's promising unmanned retail industry. At the 300-square meter shop named We Life, shoppers can use WeChat Pay, the proprietary e-wallet of messenger app WeChat, to buy items without paying cash, swiping a card,...
CHINA

January 25th, 2018 Another issue that is rising in China is tech apps taking over its rivals from the same backers. Recently, Meituan, a kind of Chinese technology that very few people out of the country understand is giving some serious competition to WeChat. Tencent Holdings Ltd, the messaging giant app is the developer of WeChat and a key investor in...
CHINA

January 21st, 2018 Zaira Wasim starrer "Secret Superstar" made a big splash in China on the first day of its release, grossing USD 6.4 million. The opening day figure is the highest by any Indian movie, including "Dangal", starring Aamir Khan who is also the producer of "Secret Superstar". Two of China's top film and ticketing websites, that...
CHINA

January 18th, 2018 Handset maker Coolpad today said it has received fresh investment of $300 million from Power Sun Ventures, which the Shenzhen-based firm will use to expand its capabilities in artificial intelligence. The funding comes after the company separated from Chinese Internet player, LeEco. "Chinese property mogul Chen Hua, Founder and...
CHINA

January 2nd, 2018 The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before end-2017, saying he needed to stay in the United States as a fundraising for his electric car startup was making progress. The Beijing branch of the China Securities Regulatory Commission (CSRC) issued a notice...
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