TikTok braces for a US ban as Senate passes divestment bill

siliconrepublic.com Days after the House of Representative passed a bill to force parent ByteDance to sell its stake in TikTok, the Senate has passed the bill and sent it to Biden’s desk. The…

Chinese business lobby hits back at EU ‘dawn raid’ on security equipment supplier

ft.com Brussels launches foreign subsidies investigation amid growing trade tensions with Beijing

What a TikTok ban would mean for U.S. users

newsweek.com Fans of video-sharing app TikTok could be left looking for a new platform as Congress voted for a potential ban of the app in the U.S. on Saturday. Lawmakers in both state…

The US and China are engaging more. But that doesn't mean they trust each other more, an analyst said

businessinsider.com US President Joe Biden and Chinese leader Xi Jinping's meeting in November 2023 kicked off a series of high-level engagements between the two countries. BRENDAN…

Germany Arrests EU Parliament Aide On China Espionage Charges

zerohedge.com Germany Arrests EU Parliament Aide On China Espionage Charges A staffer who worked for a high profile German member of European Parliament for years has been arrested on…

SenseTime shares soar more than 30% after announcing its latest generative AI model

cnbc.com A logo of SenseTime is seen during 2021 China Content Broadcasting Network Exhibition at China International Exhibition Center on May 29, 2021 in Beijing, China. Shares of…

When will TikTok be banned?

newsweek.com The Senate on Tuesday passed legislation that will force ByteDance, the Chinese parent company of TikTok, to divest from the hugely popular video app that's used by some 170…

Analysis-China's EV survival game creates peril

aol.com By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking…

Chinese suppliers shrug off U.S. tariff threats as customers flock to their cheap goods

fortune.com China can withstand any new tariffs the world throws at it—even the punitive ones Donald Trump is planning if he wins a second presidential term—because its prices are…

China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner

cnbc.com BEIJING — Chinese smartphone company Xiaomi 's new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla 's Model 3 on…

Meaty economic indicator? China’s distressed pig farmers eye turnaround

scmp.com The so-called pork cycle in China, where prices are driven by mismatches in supply and demand, has implications beyond farm incomes. Analysts look to the cycle for clues on…

US Senate passes law requiring ByteDance to divest TikTok stateside

theregister.com The US Senate has passed a bill that compels TikTok's Chinese owner, ByteDance, to offload the app to a US-based buyer, and president Biden immediately indicated he will…

China's Huawei launches new software for intelligent driving

aol.com Chinese tech company Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle…

US banning TikTok? Your key questions answered

apnews.com No, TikTok will not suddenly disappear from your phone. Nor will you go to jail if you continue using it after it is banned. After years of attempts to ban the Chinese-owned…

The U.S. could ban TikTok. These countries have blocked or restricted it

washingtonpost.com A previous version of this article incorrectly said a bill could lead to the forced sale of TikTok's China-based parent company, ByteDance. It could lead to the forced sale…

Chinese FX Outflows Soar, Priming The Next Bitcoin Surge

zerohedge.com Chinese FX Outflows Soar, Priming The Next Bitcoin Surge Last October, when we pointed out that China's FX outflows had just hit a whopping $75BN - the single biggest…

Hong Kong stocks driven to two-week highs on earnings optimism as Ping An and HKEX advance

scmp.com Hong Kong stocks driven to two-week highs on earnings optimism as Ping An and HKEX advance Hong Kong advanced for a third day, driving the benchmark gauge to its highest in…

"That's Concerning": US Indo-Pacific Commander Warns China Becoming More Aggressive As Economic Recovery "Failing"

zerohedge.com "That's Concerning": US Indo-Pacific Commander Warns China Becoming More Aggressive As Economic Recovery "Failing" One of the biggest questions of our time is whether China…

US government reportedly probes China’s use of RISC-V

theregister.com The United States Department of Commerce is reportedly considering lawmakers' calls to make it harder for China to use the RISC-V instruction set architecture (ISA). RISC-V…

Block Inc Successfully Wraps Up Bitcoin Mining Chip Development

coingape.com Block Inc. has completed its much-awaited Bitcoin mining chip development. The firm, which was formerly known as Square, has completed the creation of the Bitcoin mining…

The US Senate passes the TikTok divestment bill by a margin of 75-17; the legislation now heads to President Biden, who has said he will sign it into law

scmp.com The House on Saturday passed the legislation 360 to 58, attaching it to the sweeping foreign-aid bill. “Tonight we tell our allies, we stand with you. We tell our…

Congress passes bill that could ban TikTok after years of false starts

washingtonpost.com The measure — which has broad bipartisan support — poses the most significant threat yet to the app’s operations in the United States, where it has more than 170 million…

Blinken heads to China on tough mission to curb support for Russia's war

asia.nikkei.com WASHINGTON -- U.S. Secretary of State Antony Blinken is due in China this week, with a principal objective of warning Beijing not to assist Russia's military production. But…

Brace for ‘third wave’ of China bond defaults on financing costs, tighter policies: S&P

scmp.com Brace for ‘third wave’ of China bond defaults amid high financing costs, slow growth and tighter state policies, S&P says China could face a third wave of corporate at home…

Jury still out on China’s full-court press to become arbitration destination

scmp.com Declining to reveal details of the case, Huo said that it features many of the risks and challenges businesses from the mainland may face when taking part in the initiative,…

Global Military Spending Hits All-Time High Of $2.4 Trillion

zerohedge.com Global Military Spending Hits All-Time High Of $2.4 Trillion By Tim Martin at BreakingDefense Global military expenditure surged to a record $2.44 trillion in 2023, the…

Congress is finally set to approve a TikTok ban. But it could still be years before it takes effect

nbcnews.com Create your free profile or log in to save this article Create your free profile or log in to save this article TikTok’s fate in the U.S. has never been more in doubt after…

Senate advances Ukraine aid, Israel funding and TikTok ban

nbcnews.com WASHINGTON — The Senate voted Tuesday to advance the $95 billion aid package to provide critical aid to Ukraine and a provision that could lead to a nationwide ban on…

Canada and allies considering trade measures against China and Indonesia over manipulation of nickel market, Freeland says

theglobeandmail.com Deputy Prime Minister Chrystia Freeland says that Canada and its allies are weighing taking action against China and Indonesia in the nickel market, as the two Asian…

Alarm sounded over major North Korean hacks

newsweek.com North Korean hackers have stolen technical data from South Korean defense companies, Seoul says. The Hacking groups, which are believed to have North Korea's state backing,…

More than one in five cars sold in 2024 will be electric: IEA

semafor.com Semafor Signals Supported by Insights from Foreign Policy, USA Today, and New Geek The News Despite an ongoing slump in global sales of electric vehicles, more than one in…

The US is eyeing sanctions that could cut off some Chinese banks from the rest of the world

aol.com None The US is drafting sanctions on Chinese lenders, The Wall Street Journal reported. • None These could cut China off from accessing the US dollar and Western markets. •…

TikTok digs in to fight US ban with 170 million users at stake

siliconvalley.com Zheping Huang, Sarah Zheng | (TNS) Bloomberg News Four years ago, when the Trump administration threatened to ban TikTok in the U.S., its Chinese parent company ByteDance…

China stocks could surge 20-40% on untapped reform upside

investing.com Since 2021, China stocks have been on a downward trend, prompting the government to implement a series of measures aimed at rejuvenating the market. In August 2023, the…

TikTok is not the only Chinese app thriving in America

economist.com WITH THE prospect of a ban hanging over TikTok, its 170m American users may start looking for an alternative time-sink. They could plump for Bigo Live, popular for TikTokish…

Trump wants to whack Chinese firms. How badly could he hurt them?

economist.com A few months before America’s presidential election in 1980, George H.W. Bush paid a visit to Beijing. He got a frosty reception. Days earlier, Bush’s running mate, Ronald…

As China’s markets suffer, what alternatives do investors have?

economist.com Some foreign investors in China are most worried by the country’s souring relations with the West. Others fret about the unprecedented slump in its property market. Many are…

PwC Probed For ‘Enabling Evergrande Misconduct For Years’

asiafinancial.com British accounting firm PricewaterhouseCoopers is under investigation in Hong Kong for allegedly overlooking misconduct by collapsed developer China Evergrande for more than…

WiMi Hologram Cloud Announced the B-TEC Technology to Enhance Information Security

benzinga.com BEIJING, April 23, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. WIMI ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider,…

Chinese exports to Russia plummet for first time since war began

newsweek.com Chinese exports to Russia last month fell for the first time year-on-year since the war in Ukraine began in 2022, according to Chinese customs data. The shift came as…

The Morning Risk Report: U.S. Takes Aim at Chinese Banks Aiding Russia War Effort

createsend.com Good morning. The U.S. is drafting sanctions that threaten to cut some Chinese banks off from the global financial system, arming Washington’s top envoy with diplomatic…

Hong Kong accounting industry grows as ESG, Greater Bay Area opportunities draw young professionals: HKICPA president

scmp.com This is despite a drought of initial public offerings (IPOs) in recent years, because young people are attracted by opportunities in environmental, social, and governance…

China is extending its lead over the US in Africa’s energy transition

semafor.com The News China’s manufacturing “overcapacity,” fueled by government subsidies, is giving its companies an edge over the United States in Africa’s transition to green energy,…

The US is weighing using the power of the dollar to stop Chinese banks aiding Russia

businessinsider.com A Chinese flag flies near buildings in the central business district on a polluted day in Beijing on February 27, 2018. GREG BAKER via Getty Images Chinese banks are helping…

US business lobby calls China’s security focus ‘extreme’ in 600-page report

scmp.com China’s ‘extreme’ national security focus a drag on business, US trade group says China should dial down its “extreme” emphasis on national security and keep foreign…

U.S. to reportedly take aim at Chinese banks aiding Russia’s war effort

theglobeandmail.com The U.S. is drafting sanctions that could cut some Chinese banks off the global financial system, in the hopes of stopping Beijing’s commercial support of Russia’s military…

Saudi Arabia’s Oil Tycoon Applauds China for Making Green Tech Cheaper

dailybusinessupdates.com Aramco’s head honcho, Amin Nasser, is all in on China for bringing down the price tag on solar panels and electric vehicles. While the West is pointing fingers at China for…

China’s Chip Crackdown: 2 Semiconductor Stocks to Dump, 1 Primed to Pop

investorplace.com Technology trade war with China escalates and could ensnare more chipmakers in its trap Trade wars are always destructive. The current escalation in the chip wars will be no…

Huawei sales are soaring in China as Apple sinks

aol.com Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market. The Shenzhen-based conglomerate,…

Apple sinks to 3rd place in China as iPhone sales slide

aol.com None A slide in iPhone sales has left Apple in third place in China, per Counterpoint Research estimates. • None It's the iPhone's worst performance in China since 2020 amid…

US business group says policy ‘inconsistency’ hurting China investment

ft.com AmCham China highlights concerns about lack of regulatory clarity as Beijing seeks to shore up confidence

US prepares to sanction China over its support for Russian war effort

semafor.com Semafor Signals Supported by Insights from the Atlantic Council, The Wall Street Journal, and the BBC The News The US is preparing to sanction some Chinese banks in an…

US to Sanction Chinese Banks Helping Russian War

asiafinancial.com The US is drawing up sanctions that could cut some Chinese banks from the global financial system, according to the Wall Street Journal. Secretary of State Antony Blinken,…

Beijing says U.S. criticism of Chinese overcapacity is ‘naked economic coercion and bullying’

fortune.com China launched its harshest attack to date on US complaints about industrial overcapacity, signaling that Secretary of State Antony Blinken may be in for some difficult…

HUYA Inc. to Report First Quarter 2024 Financial Results on Monday, May 13, 2024

benzinga.com Earnings Webinar Scheduled for 8:00 a.m. ET on May 13, 2024- GUANGZHOU, China, April 23, 2024 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") HUYA, a leading game live…

Goldman Sachs, UBS forecast lift for Chinese stocks from market reforms

scmp.com Meanwhile, UBS raised its rating on the MSCI China Index and Hong Kong stocks to overweight, citing earnings resilience and policy support. Valuations for the yuan-traded…

German staffer in EU parliament arrested on China spying charges

ft.com Employee working for German far-right party’s lead candidate accused of passing sensitive information to Beijing