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CHINA REGULATORY CLAMPDOWN
China’s Meta backlash renders Manus model ‘officially dead’Beijing's order for Meta to unwind its $2 billion takeover of AI startup Manus signals a new era of regulatory scrutiny for China's tech in...- Biggest currency clampdown in decade risks backfiring for IndiaIndia's Reserve Bank of India has intervened to support the rupee, forcing local banks to unwind bearish bets. This move, while strengtheni...
- China's resale home prices fall again in August amid market woesChina's property market faces ongoing challenges. Resale home prices declined in August. This happened despite new home prices seeing a sli...
- Jack Ma re-emerges from oblivion: Alibaba founder joins Xi Jinping in high-stakes tech summit, is he back in Chinese President’s good books?Alibaba co-founder Jack Ma was pictured applauding Chinese President Xi Jinping.
- Alibaba shares lose $28 billion in sign rally is fizzling outHangzhou-based Alibaba’s gains in January were more than almost any other company in the Hang Seng as it extended its rally from an October...
- Tencent leads China tech selloff amid fears of further crackdownTraders pointed to everything from warnings from regulators over the weekend about scams in the metaverse to talk about yet more curbs on t...
- China property, construction sectors contract for first time since pandemic hitThe figures come a day after figures showed the world's second-biggest economy grew slower than forecast in the same period owing to the re...
- China defends clampdown on tech firms in a meeting with Wall St execs: ReportInvestors' concerns over the regulatory crackdown has led to sharp sell-offs on China's share markets, reducing the market capitalisation o...
- US-listed China stocks pounded as regulatory woes intensifyAmerican depositary receipts for tech giants have racked up losses with Tencent Holdings Ltd., Alibaba Group Holding Ltd., and Nio Inc., er...
- China’s central bank says it will keep pressure on crypto marketThe People’s Bank of China will also supervise financial platform companies to rectify their practices according to regulations, it said in...
- China shares tumble on regulatory clampdown; education firms selloff heavilyThe searing sell-off sent Hong Kong-listed Scholar Education Group shares crashing more than 43%. Hong Kong stocks of New Oriental Educatio...
- From Tiger to Temasek, investors scarred by China edtech assaultChina is considering asking edtech startups to go non-profit, potentially wiping out a big chunk of the billions that private equity and ve...
- US IPO market a danger zone for Chinese firms after Beijing crackdownOn Tuesday Beijing said it would strengthen supervision of all Chinese firms listed offshore and tighten rules for cross-border data flows,...
- Bitcoin swings as China regulators punish company over cryptoBitcoin has been stuck in a range of about $30,000 to $40,000 for weeks after dropping from its record near $65,000 reached in mid-April.
- In widening Chinese bitcoin crackdown, Sichuan to probe cryptomining: OfficialChina's central government vowed last week to crack down on bitcoin mining and trading, while this week Inner Mongolia, also a major mining...
- China summons internet finance firms as clampdown widensThe companies will have to set up financial holding companies if they meet requirements to do so, as Alibaba's fintech affiliate Ant Group ...
- Ant valuation seen falling to $29 billion in worst-case scenarioAnt Group's valuation could drop to a range of $29 billion to $115 billion, from $320 billion previously
- Record penalty for Alibaba marks tumultuous stretch for its founder Jack MaThe reversal of fortune for the 56-year-old Ma, who has all-but-disappeared from public view since an October speech blasting China's regul...
- Solar projects at risk of missing deadlines, facing penalties due to coronavirus outbreak: CrisilAccording to the ratings agency, non-adherence to completion of timelines attracts penalties, including downward renegotiation of tariffs, ...
- China's first bitcoin exchange acquired by Hong Kong investorsBTCC, which was known as BTC China when it was founded in 2011 and run by American Bobby Lee.
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