China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs

Digital rights advocate groups have officially joined the legal fight against a proposed Montana TikTok ban.
After being approved in May, the "unconstitutional new restrictions" are set to be enforced on January 1, 2024. This will make Montana the firs…

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A TikTok creator has shared a video showing their own version of a ‘Liverpool sandwich’ – but it's been questioned by many users of the app.

TikTok creator makes his version of the 'Liverpool sandwich' and people can't agree on his choice comes via

Nebraska Republican Congressman Don Bacon said late on Monday the FBI had warned him that his e-mails were hacked by Chinese spies, with both personal and campaign messages compromised.
Bacon was told that the Chinese Communist Party had access to his …

Rising youth unemployment and missed economic forecasts pose a serious challenge for lenders

Central bank cuts key interest rate to lowest since 2014 as growth slows in retail sales and industrial output

Jim O'Neill questions emerging nations bloc’s achievements as it considers expansion

Selling shares in Chinese companies offshore used to be a money-spinner — but that’s no longer the case

The S&P 500 and the Nasdaq closed higher on Monday as shares of chipmaker Nvidia jumped following a bullish note from Morgan Stanley, leading other megacap growth stocks higher as investors awaited earning reports from U.S. retailers.
Nvidia's gain…

Concerns over China’s property market worsened after the onshore bonds of Country Garden, the country’s top property developer, were suspended. Photograph: Alex Plavevski/EPA
European shares closed higher on Monday, rebounding from a near one-week low,…

The Dow Jones Industrial Average battled back as Merck (MRK) and Apple (AAPL) were among its gainers. The latest bets of legendary Big Short investor Michael Burry have been revealed. Tesla (TSLA) was lower after yet more price cuts emerged.

A screen displays trading information over the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson
NEW YORK, Aug 14 (Reuters) – U.S.-based hedge fund investors such as Coatue, D1 Capital and Scion …

Sam Bankman-Fried will prepare for his fraud trial from a Brooklyn jail where inmates ranging from convicted sex trafficker Ghislaine Maxwell to Honduras’ former president have complained of subpar conditions.
U.S. District Judge Lewis Kaplan in Manhat…

U.S.-based hedge fund investors such as Coatue, D1 Capital and Scion cut their exposure to Chinese companies in the second quarter, as doubts grew over whether the country’s long-awaited reopening would boost its economic growth, and geopolitical tensi…

In a note, Goldman Sachs said; “Although most forecasters still predict a recession, we think the runway for a soft landing is in sight. US economic activity remains resilient, the labour market rebalancing is making progress, and the recent CPI and PC…

What you need to know
Xiaomi announces the Mix Fold 3 for the Chinese market.
It has a 6.56-inch cover screen and a larger 8.03-inch foldable screen.
The device has all Leica-powered rear cameras with multiple focal lengths.
Xiaomi has finally unveiled…

Embracer Group, the Swedish holding company that’s been buying up everything from Borderlands maker Gearbox Entertainment to the rights to The Lord of the Rings, saw its stock plummet earlier this year when a mystery $2 billion deal collapsed at the last minute.

Embracer's $2 Billion Deal That Blew Up Was With Saudi Arabia comes via

The New York federal judge presiding over cryptocurrency exchange founder Sam Bankman-Fried’s criminal trial rescinded his $250 million bail on Friday (Aug. 11). That decision will send the disgraced former billionaire to the Metropolitan Detention Center (MDC) in Brooklyn.

US district judge Lewis Kaplan’s ruling ends months of house arrest in Palo Alto, California, where Bankman-Fried was allowed to stream Netflix and make calls via a flip phone at his parents’ home.

SBF is headed to one of New York City's most notorious prisons comes via

Biden administration officials were keen to stress the limited scope of new rules announced in last week’s executive order