February saw a 28.6% year-on-year drop in home sales of 21 major Chinese cities, reports Caixin Global, with analysts pointing to sluggish demand during the Spring Festival period. According to data released on Monday by property research firm China Index Academy, sales in so called ‘first-tier’ cities, such as Shanghai, fell more sharply than in […]
Category: Brief
Alibaba is moving to take full ownership of its hugely popular food delivery service Ele.me by buying out other minority stakeholders, including rival tech giant Baidu. The influx of funds from the sale could help Baidu shore up its lead in artificial intelligence research, according to the South China Morning Post. Alibaba is currently offering $9.5 […]
Beijing has announced a list of new policies designed to attract and retain foreign talent for its Silicon Valley analogue, Reuters reports. Foreign workers at Zhongguancun Science Park will receive extensions of their visa terms as well as permanent residence certification, then allowing them to take a leading role in their company’s innovation projects. The […]
February data show a continuation of China’s strong economic start to the year, according to a compilation of studies put together by Bloomberg. Indices of small businesses and sentiment among sales managers give an optimistic outlook, despite the usual disruptions that come with the annual Spring Festival holiday. During the last two weeks sales managers […]
China’s Securities Regulatory Commission (CSRC) issued a proposal late last week listing plans to prolong its shift from an approval-based stock listing system to a registration-based one, Caixin Global reports. The new deadline for the transition will be February 29, 2020 – a two-year extension from the original of February 28th this year. The current […]