china

Didi’s U.S. IPO is one of several key moments of the recent regulatory shift inside China regarding its leading technology companies. The other is Ant’s IPO that never happened, pulled in the wake of criticisms of the Chinese government’s handling of newer technologies by the previously...

Bloomberg: Sources: China plans to ban companies from going public on foreign markets through variable interest entities, closing a loophole used by its tech companies — China is planning to ban companies from going public on foreign stock markets through variable interest entities …

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Lightspeed China Partners, the China-focused vehicle of Lightspeed Venture Partners, said Tuesday it has closed the largest fundraising rounds in its history. The new injection came under three years after its last raise in early 2019. The capital went towards two funds: Lightspeed China...

Reuters: Documents: China's Henan province is asking companies to develop a 3,000-camera surveillance system to track journalists, international students, and others — Security officials in one of China's largest provinces have commissioned a surveillance system they say they want to use …

Jing Yang / Wall Street Journal: Sources: Alibaba is delegating more responsibility to presidents of its business units to shed its monolithic image in the wake of China's regulatory crackdown — CEO Daniel Zhang is devolving power to unit presidents as competition grows and big platforms come...

Martha Muir / Financial Times: Kazakhstan plans to ration power over winter to 50 registered crypto miners as illegal miners and mass relocations from China cause blackouts across the country — Illegal miners and mass relocations after a ban on crypto mining in China have overloaded energy grid

Bloomberg: China says it is considering setting up a digital asset exchange in Beijing and calls for faster trials of the digital yuan — China is considering setting up a digital asset exchange in Beijing as officials push to promote usage of the digital yuan and crack down on cryptocurrencies.

Keith Zhai / Wall Street Journal: Sources: at least nine state-run Chinese companies, including China Mobile, tell staff to stop using Tencent's chat app Weixin, citing security concerns — Employees were told to disband chat groups over security concerns, as Beijing's scrutiny into Tencent grows

The commission of security and economic experts convened by Congress recommended that the U.S. take more aggressive steps to dial back commercial ties with China, warning of heightened national security risks.

Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo are set to discuss economic issues in countries including Japan, South Korea and India.

Italian and European authorities weren’t aware that a Chinese state-controlled company bought an Italian military-drone manufacturer and transferred its know-how and technology, revealing how Beijing is skirting weak investment-screening in Europe to acquire sensitive technology.

Both cases highlighted how the world’s second-largest economy was able to buck widespread power shortages and a Covid-19 wave, though new signs of weakness in real estate underscored concerns for the outlook.

Academic research and data show that as the country’s economy matures, more opportunities go to the children of wealthy and politically connected elites, posing a challenge to the ruling Communist Party.

U.S. firms and their China affiliates are ramping up investment in Chinese semiconductor companies, aiding Beijing’s bid for chip-sector dominance and complicating Washington’s efforts to preserve America’s lead.

China sold about $4.6 billion of bonds denominated in euros, taking advantage of superlow yields in the eurozone to raise shorter-term funds at negative rates for the second year running.

Beijing is working on a controlled implosion of the real-estate giant, selling off some of its assets while limiting damage to home buyers and businesses involved in its unfinished projects.

Tencent’s third-quarter profit edged up amid soft advertising income and continued weakness in its games business.