Tag Archives: China
Taiwan should destroy chip infrastructure if China invades: paper
NEW YORK — In the most-downloaded paper published by the U.S. Army War College in 2021, two American scholars propose a Taiwan deterrence strategy to render the island so “unwantable” that it would make no logical sense for China to seize it by force.
Latest Flipkart financials; SBI puts $20M in Pine Labs
Two key units of Flipkart’s India business reported strong revenue growth in FY21, according to regulatory filings. While the unit that runs the ecommerce marketplace saw its revenue grow 32%, the wholesale unit clocked 25% higher revenue for the same period compared to the year before. The growth for the Indian online retail major comes […]
China rolls out new regulation to rein in algorithms used on apps as Beijing continues to clip wings of Big Tech firms
China is rolling out a new regulation to rein in algorithms used on apps to recommend what consumers would like to read, watch, play and buy online, marking Beijing’s latest effort to bring the country’s Big Tech sector firmly in line with state policies.The regulation, which was published on Tuesday, will take effect on March […]
Amazon Kindle closes flagship store on Alibaba’s Tmall, raising questions about the e-book reader’s future in China
Amazon.com appears to be downsizing its Kindle operations in China, after it closed its marketplace for the country in 2019, having shuttered its official Kindle store on Alibaba Group Holding’s Tmall while other channels run low on stock.The official Tmall shop for the popular line of e-book readers was no longer accessible on Tuesday. The […]
Global social commerce market to hit $1.2 trillion by 2025: Accenture
The global social commerce market will grow two-and-a-half times from $492 billion in 2021 to $1.2 trillion by 2025, with India’s market growing the fastest over this period, according to a report by consulting firm Accenture. That’s three times faster than traditional ecommerce is expected to grow over this period, the report stated. By 2025, […]
China digital currency: e-CNY wallet lands in app stores ahead of Winter Olympics 2022
China has made a key step forward in its ambitious push to develop a sovereign digital currency by opening its e-CNY wallet app for public download in the country’s iOS and Android app stores.The trial version of the digital yuan app, which was previously downloadable only via private links, is free to use. But new […]
Kindle’s China future in doubt after disappearing from online shelves
Since Kindle began shipping in China nearly nine years ago, the ebook giant has garnered a loyal following in the country. The journey has never been easy, thanks to regulatory hurdles around digital content. Recently, there are signs that the Amazon-owned ebook business is scaling back some of its operations in China. Kindle’s official store […]
China’s central bank launches digital yuan wallet app, Ningbo releases blockchain white paper: Blockheads
The People’s Bank of China releases a digital yuan wallet app. China’s state grid completes the country’s first digital yuan smart contract payment in the solar power industry. The eastern city of Ningbo embraces blockchain technology. Taiwanese pop star Jay Chou shows support for friend’s NFT project. Blockchainheadlines The world of blockchain moves fast, and […]
Japan set to develop railguns to counter hypersonic missiles
TOKYO — The Japanese Defense Ministry will develop a means to intercept hostile missiles using magnetically powered projectiles, sources told Nikkei Asia, as the nation scurries to respond to the hypersonic weapons being developed by China, North Korea and Russia.
Huawei reportedly receives 6,500 pre-orders in four days for its HarmonyOS-powered EV
Huawei and automaker Seres received 6,500 pre-orders in the first four days of the Aito M5 electric SUV being available, state-owned media outlet China Securities Journal reported Sunday, citing a sales employee from a Huawei store in Shenzhen. The customers all left a non-refundable deposit of RMB 10,000 ($1,569) for each pre-order of the newly-announced […]
China to make cybersecurity reviews compulsory for data-heavy firms seeking overseas IPOs
The Cyberspace Administration of China (CAC) said Tuesday that companies that control data of more than 1 million users will have to undergo a cybersecurity review before they seek overseas listings to “further protect online data and national security.” The change is among a list of amendments made to China’s Cybersecurity Review Measures, mainly focusing […]
Fast Forward with HPE!: Helping startups grow through community support
American venture capitalist, well-known author, and entrepreneur Brad Feld once said, “they say it takes a village to raise a child and a startup is not different.” It takes a whole community to raise a successful startup company that can grow, scale, and contribute to a healthy economy, he added. It is true that to […]
NFT project takes prime Hong Kong ad spot in Central as crypto firms test residents’ appetite for blockchain assets
At the heart of Hong Kong’s business district, the latest big advertisements are not about asset management, stocks or diamonds – they are for non-fungible tokens (NFTs) of digital avatars in the form of koalas and apes.On the first day of 2022, a little known NFT project called Delirious Mind Travelers decked out half of […]
China exempts Hong Kong listings from cybersecurity review as regulators finalise rigid rules for ‘foreign’ IPOs
China’s regulators will exempt Hong Kong from the rigid cybersecurity review process for all initial public offerings (IPOs) in foreign markets by companies with the personal data of at least 1 million customers, according to analysts’ reading of the finalised regulations published on Tuesday.Internet platforms operators with more than 1 million users in China must […]
Fintech is transforming how Southeast Asian companies process international payments
Over the last quarter of a century, the way people access, spend and transfer money has gone through significant change with the appearance of various fintech innovations. The recent proliferation of e-wallets and payment platforms has driven increased online purchases, and money is now flowing around the globe at unprecedented levels. By 2027, the value […]
From Philippines to South Korea: A guide to a busy election year
The U.S. and China have been squabbling over which of the two superpowers has the superior brand of democracy. President Joe Biden in December hosted the first-ever Summit for Democracy, an online gathering of leaders from more than 100 hand-picked countries. China, which wasn’t invited, sought to undercut Biden’s virtual gathering by publishing a paper […]
Automakers raise prices as China rolls back EV subsidies
Multiple automakers have raised prices for their electric vehicles (EVs) in China after Beijing cut subsidies for new energy vehicles by 30% at the start of 2022. Tesla’s prices for the rear-wheel-drive Model 3 and Model Y rose by RMB 10,000 ($1,574) and RMB 21,000 respectively, while the starting prices for Volkswagen’s ID. series EVs […]
You must be logged in to post a comment.