Danish toymaker Lego has launched a wide-ranging digital partnership with Chinese tech giant Tencent to develop games, online videos and a social network for children in China, the Financial Times reports. The move aims to allow Lego to kick-start a fresh wave of strong growth after a more challenging 2017. The company has sometimes struggled […]
Category: Business Practice
Chinese regulators are stepping up scrutiny of listed companies’ plans for new blockchain-related projects, after a string of incidents in which listed firms have announced vague schemes in an apparent attempt to boost their share prices, Caixin reports. The shares of internet gaming company Shanghai U9 Game Co were sent skyrocketing last week after the company […]
A lot of the key news for the week related to the US in various strange ways. Bloomberg reported that China was planning to stop buying US treasury bonds, and the People’s Bank reacted with a testy denial. “Fake news,” it said. Whether it was a balloon by Beijing to rattle Washington, or an error […]
An Australian minister has launched an extraordinary attack on China’s attempts to build influence in the Pacific by investing in infrastructure projects, implying that the country is currying favor with smaller nations by plowing cash into useless buildings, the Financial Times reports. “You’ve got the Pacific full of these useless buildings which nobody maintains, which […]
Apple’s iCloud data services on the Chinese mainland will be controlled by a state-owned enterprise based in Guizhou province from February, the US company has announced. Guizhou-Cloud Big Data (GCBD) will take over the operations of all Apple’s China iCloud data services from February 28 and all the company’s data will be stored domestically in […]