Category: China
China, TechCrunch, TikTok
The controversial push to force Chinese tech unicorn ByteDance to divest part or all of its smash-hit TikTok social media service to a U.S.-based company could be in doubt after a report today indicated that China’s government may oppose the transaction. According to reporting by Reuters, the Chinese government may prefer TikTok to simply shutter…
China, presents, TechCrunch
As tensions between the U.S. and China heighten over data security issues, Beijing took a proactive step to unveil a “data security initiative” that it believes can serve as “a global standard for data security.” The Chinese State Councilor and Foreign Minister Wang Yi, appearing in a video during a closed-door meeting in Beijing on…
China, Scratch, TechCrunch
China’s enthusiasm for teaching children to code is facing a new roadblock as organizations and students lose an essential tool: the Scratch programming language developed by the Lifelong Kindergarten Group at the MIT Media Lab. China-based internet users can no longer access Scratch’s website. Greatfire.org, an organization that monitors internet censorship in China, shows that…
building, China, TechCrunch
The technological decoupling between the U.S. and China has been a boon to Chinese firms from chipmakers for smartphones and electric vehicles through to software that are the backbones of millions of businesses’ daily operations. Chinese companies might have established a firm grip on internet services for consumers, but many fundamental technologies undergirding hardware and…
China, Crypto, Futures
Dow futures suffered a triple-digit setback on Thursday. U.S.-China trade talks have taken a back seat in recent months, but they could be a source of fireworks ahead of the election. There’s speculation Trump administration China hawks could scheme to damage relations permanently – in case Joe Biden wins the election. The Dow Jones Industrial…
China, Navarro
Monday on CNBC’s “Squawk Box,” White House trade and manufacturing adviser Peter Navarro shared the belief held among those in the Trump administration that China is “biding their time” in trade negotiations and “waiting for the election hoping Joe Biden will get elected.” In the interview, Navarro warned that the Chinese Communist Party is “waging…
China, Shopee, TechCrunch
Investors are betting on the automation of human resources management in China. We reported last year that Moka, one of the key players in the space, secured roughly $27 million for its Series B led by Hillhouse Capital. This week, the startup announced closing a Series B+ at over 100 million yuan ($14.4 million), lifting…
China, Crypto, Tesla
Sales of the Shanghai-made Model 3 sedan fell in July. Wall Street has warned of the risk U.S.-China tensions pose to companies like Tesla. Chinese electric vehicle (EV) makers are growing in stature and competitiveness. After selling a record number of Model 3s in June, Tesla’s sales of its lowest-priced sedan in China fell drastically…
China, Crypto, Russia's
In U.S. dollar terms, the price of gold has hit a new record high at $2,055. Strategists and politicians fear that the U.S. dollar is at risk due to various macro factors. Russia and China’s acceleration of the “de-dollarization” process puts more pressure on the dollar. China and Russia are ditching the U.S. dollar at…
