New Oriental, one of China’s embattled online tutoring firms, reported losses of $876 million for the six months up to November 30, 2021, compared to a net profit of $229 million over the sa... Read more
China’s tax evasion probe has resulted in fines for another live-streaming personality. The State Taxation Administration announced that Guangzhou-based live-streamer Ping Rong was fined RMB... Read more
ByteDance, the parent company that owns TikTok, has sold an intelligent stock market investment product in its ongoing attempts to extract itself from certain business sectors under scrutiny... Read more
China’s four largest banks dropped mortgage rates in the southern city of Guangzhou by 20 basis points, a move aimed at bolstering the struggling property sector, reports Reuters. Guangzhou,... Read more
Another of China’s struggling property developers, Yango Group, has been unable to pay $27.3 million in interest on two US dollar bonds after a 30-day grace period, the company said. The bon... Read more
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