Top diplomats from China and the United States are set to meet in Hawaii, as the two sides seek to ease soaring tensions that have pushed their relationship to its lowest point in decades, reported the South China Morning Post. The Chinese side is expected to be led by Yang Jiechi, a member of the Communist Party Politburo, while […]
Category: Brief
Chinese-owned short video app TikTok faces new regulatory scrutiny in Europe after it raised national security concerns in the US, reported Caixin. The European Data Protection Board (EDPB) set up a task force to investigate the ByteDance-owned app’s data processing activities and privacy practices across the European Union. The EDPB said its move is a reaction to […]
US exporters reported sales of 720,000 tonnes of soybeans to China, the US Department of Agriculture (USDA) said on Thursday, as active purchases by the world’s top soy importer continued for a second straight week, reported Reuters. The USDA confirmed the sales after reporting that weekly US soybean export sales last week were the largest […]
SoftBank Group-backed Arm Ltd. clashed publicly with its Chinese joint venture over the unit’s leadership, shedding rare light on a power spat within the British computer chip designer, reported Caixin. In a statement made on Wednesday, Arm said the board of its China joint venture Arm China agreed to remove Chairman and Chief Executive Officer Allen Wu. Arm owns […]
Shares in technology group NetEase surged on their Hong Kong debut following a $2.7 billion secondary offering, as tensions between Washington and Beijing prompt more Chinese companies to raise cash in the city, reported the Financial Times. In early trading on Thursday the company’s stock jumped by as much as 10% as China’s biggest maker […]