Showing 1 - 10 of 33
China banking tycoon Bao Fan 'cooperating with investigation'
AFP, Published on 27/02/2023
» BEIJING - Chinese billionaire Bao Fan is "cooperating in an investigation" by authorities, his company said, almost two weeks after his disappearance sparked fears of a renewed crackdown on the nation's financial services industry.
Xi's 'Chinese Dream' flickers in one Beijing neighbourhood
AFP, Published on 04/10/2022
» BEIJING: Wu has staked out his patch of the Chinese Dream. Married with a second child on the way, he has a Beijing apartment and a car paid for by a tech job with a comfortable salary.
Chinese ride-hailing giant Didi hit with $1.2bn fine
AFP, Published on 21/07/2022
» BEIJING: China has fined ride-hailing giant Didi more than 8 billion yuan ($1.2 billion), regulators announced Thursday, concluding a year-long investigation into alleged data security violations.
China to fine ride-hailing giant Didi more than $1bn
AFP, Published on 20/07/2022
» BEIJING: China is preparing to hit ride-hailing giant Didi with a fine of more than US$1 billion to wrap up a long-running probe, media reports said, boosting investor hopes that the country's tech crackdown is winding down.
China approves 60 new games, sparking hopes tech crackdown is ending
AFP, Published on 08/06/2022
» BEIJING: China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing.
SoftBank's $40 bn sale of chip group Arm to Nvidia collapses
AFP, Published on 08/02/2022
» TOKYO - Japan's SoftBank confirmed Tuesday that the $40 billion sale of chip business Arm to Nvidia had collapsed because of "significant regulatory challenges" over concerns about competitiveness, and said it planned to now take the unit public.
Chinese ride-hailing giant Didi to de-list from New York exchange
AFP, Published on 03/12/2021
» BEIJING: Chinese ride-hailing giant Didi Chuxing said Friday it would start the process of de-listing its shares from the New York stock exchange, shortly after US regulators adopted a rule that would allow them to remove foreign firms.
US adopts rule that could see Chinese firms leave Wall Street
AFP, Published on 03/12/2021
» WASHINGTON: US market regulators on Thursday announced the adoption of a rule allowing them to delist foreign companies from Wall Street exchanges if they fail to provide information to auditors, which is aimed primarily at Chinese firms.
Beijing asks ride-hailing giant Didi to delist from US: report
AFP, Published on 26/11/2021
» BEIJING - Regulators in China have asked ride-hailing giant Didi to draw up a plan to delist from the United States over data concerns, a report said Friday, as Beijing continues its tight scrutiny of domestic tech giants.
Battle the algorithms: China's delivery riders on the edge
AFP, Published on 07/11/2021
» BEIJING: Handing over a piping hot meal at exactly the time promised, Chinese food delivery driver Zhuang Zhenhua triumphantly tapped his job as complete through the Meituan app -- and was immediately fined half of his earnings.