Chinese ecommerce giant hit by Beijing’s crackdown on tech groups and rising competition

Chinese AI unicorn Fourth Paradigm files for HK IPO Beijing-based Fourth Paradigm Technology has filed for initial public offering in Hong Kong, with Goldman Sachs and CICC as the joint sponsors. Fourth Paradigm is a Chinese AI software company focused…

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday.
DealShot: 19 Deals Rea…

Beijing banks’ financial support for Moscow could be influential in shaping direction of conflict

A few decades ago, if someone wished to spend thousands of dollars on trainers , people might call them crazy. But today, sneakerheads have changed the worths of fashionable items and the very face of investments . Read on for a truly head-spinning mix…

On Feb. 21, Chinese gaming giant Tencent Holdings shares fell 5.2%, the most since September last year. Its stock price has fallen 40% from the peak in January last year.
Other tech companies in China also saw their shares drop, with the sector, in gen…

[Dragon Age 4 executive producer has left BioWare]
Christian Dailey took over as executive producer in 2020 after the departure of Mark Darrah. BioWare: Image card. Soundplayer loads….
[Elden Ring preloading is live]
It's time to prepare yourself…

Technology China crackdown risk roars back in probe of Jack Ma-led Ant Group By Daisy On Feb 24, 2022 0 Share From Alibaba to Tencent, China’s largest companies are once again at the center of a market storm, spurred by speculation that Beijing is read…

A Chinese national, Zhang Zhaopeng, is the latest homicide victim in Dominica.
Information reaching Dominica News Online (DNO) is that the businessman succumbed to injuries sustained in the head on February 22, 2022.
On the aforementioned date, videos …

Good morning. Here’s what’s happening:

Markets: Bitcoin started the day promisingly before dropping, but altcoins Terra, Avalanche and Shiba Inu rose.

Insights: Canadian crypto sanctions show how crypto and CBDCs diverge.

Technician's take: Bitcoin tested the $40,000 resistance level on Wednesday before declining.

First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump comes via ChinaTechNews.com.

With the Dota Pro Circuit’s regional finals now done, third-party events are filling the gap. The best one going on at the moment is OGA Dota PIT Season 6, which is hosting matches between big names from the region including Team Aster and Invictus Gam…

[entertainment]
Beijing Express All Stars: this well-known duo has been ejected from the game for an unexpected reason.
The fifteenth season of Beijing Express is currently airing on M6. However, according to our Parisian colleagues, the channel is wor…

As Alibaba Group Holding Ltd. works through a flurry of challenges, it will once again look to restore investor confidence in its long-term vision when it reports earnings Thursday.
The Chinese e-commerce giant cut its full-year forecast in November am…

In an interview with JW Insights (thank you Tom’s ), embattled CEO and chair of Arm China, Allen Wu, stated that the failure of Nvidia’s $40 billion bid to shop for Arm was once a excellent factor for the corporate and the chip business.

Rogue Arm China CEO says failed Nvidia buyout bid 'could be a better path for Arm' comes via ChinaTechNews.com.

Technology After bribery probe linked to Jack Ma’s Ant Group, China needs ‘negative list’ By Daisy On Feb 24, 2022 0 Share The Communist Party of Hangzhou made a public statement about how it plans to move beyond the arrest of the city’s former party c…

A Chinese security firm released a detailed report about what it says is malware created by Equation Group, a hacking group widely believed to be the NSA.
Chinese Cybersecurity Company Doxes Apparent NSA Hacking Operation comes via ChinaTechNews.com.

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Good morning. Here’s what’s happening: Markets: Bitcoin started the day promisingly before dropping, but altcoins Terra, Avalanche and Shiba …
Good morning. Here’s what’s …

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SHANGHAI (Reuters) – Tesla Inc plans to expand portion production at its Shanghai plant to meet growing export demand, according to a document filed with the city government.
The automaker…