The US Department of Commerce further added to existing trade tensions with China on Wednesday with the inclusion of 44 Chinese entities to an export control list on grounds of national security threats or ties with the Chinese military. The list imposes heavy restrictions on buying goods from US companies that are under the control […]
Category: Brief
Google is in the process of launching a censored version of its search services for China, according to news website The Intercept, ending a years-long hiatus from the world’s largest online community. According to the site, the project has been codenamed “Dragonfly” and was kickstarted in spring 2017. Among the terms blacklisted in the search […]
Shenzhen authorities have introduced new curbs on property ownership aimed at clamping down on speculation in the overheated real-estate sector, Bloomberg reports, just as the central government is doubling down on its goal to rein in property prices. Home owners in the southern Chinese city will have a three-year lock-in period for new properties, during […]
Chinese telecom group Huawei Technologies has cruised past American rival Apple Inc to become the world’s second highest-selling smartphone maker, after seeing shipments rise 40% year-on-year in the second quarter, Caixin reports. Huawei shipped 54 million units in the three months to June 30, according to data from IDC and Counterpoint Research, while Apple shipped 41 million, up […]
Chinese ride-hailing giant Didi Chuxing is reportedly considering a possible takeover bid for bike-sharing startup Ofo, as the troubled company struggles to make ends meet. According to local media, Didi’s preliminary offers value Ofo at $1.5 billion – around half what food-delivery platform Meituan paid to acquire Ofo’s key rival Mobike. Didi already holds a […]