LinkedIn is the only major U.S.-owned social network operating in China. Microsoft is pulling the plug on LinkedIn in China nearly seven years after its launch and will replace it with a stripped-down version of the platform that would focus only on jobs. LinkedIn is the only major U.S.-owned social network operating in the country, … Read more
Taiwan urged Beijing to stop “irresponsible provocative actions” after 56 Chinese warplanes crossed into its air defence zone on Monday in yet another record incursion. The defence ministry said it scrambled aircraft to broadcast warnings after 36 fighter jets, 12 H-6 nuclear-capable bombers and four other planes entered its southwest air defence identification zone (ADIZ). … Read more
China’s government banned effeminate men on TV and told broadcasters Thursday to promote “revolutionary culture,” broadening a campaign to tighten control over business and society and enforce official morality. President Xi Jinping has called for a “national rejuvenation,” with tighter Communist Party control of business, education, culture and religion. Companies and the public are under … Read more
China is several years ahead of other countries in developing a central bank digital currency, Ulisse Dell’Orto of Chainalysis told CNBC Monday. “We haven’t seen a national roll out” like we have seen in China, Dell’Orto said. Crypto is still a barrier to the digital yuan despite China’s crackdown that grew in May. China is … Read more
What Happened: China has announced a set of regulations that effectively ban the operation of for-profit education companies in the country. The new rules will no longer allow companies that teach school subjects to accept overseas investment, which could include capital from offshore registered entities of Chinese firms, according to a notice released by the … Read more
Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation — more than 285,000 of them — be fixed to address a safety issue. The State Administration for Market Regulation said in a statement on Saturday that the … Read more
Peter Thiel, one of Silicon Valley’s most prominent venture capitalists, suggested bitcoin could pose a threat to the US during a virtual seminar held by the Richard Nixon Foundation this week.”Even though I’m a pro-crypto, pro-bitcoin maximalist person, I do wonder whether at this point bitcoin should also be thought of in part as a … Read more
Leading primary investment news and data platform China Money Network (www.ChinaMoneyNetwork.com) today unveiled its sister service Caishen.Co (www.Caishen.Co) to provide critical information about China’s secondary investment markets. Caishen.Co monitors real-time data for over 4600 companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. The platform then organizes more than 32000 monthly market … Read more