Browsing: china

Chinese regulators have pressed top executives of ride hailing giant Didi to devise a plan to delist from the New York Stock Exchange due to concerns about data security, two people with knowledge of the matter told Reuters. China’s powerful Cyberspace Administration of China (CAC) has asked the management to take the company off the US bourse…

Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers said on Wednesday, on his first trip abroad since he fell out with China’s regulators in 2020. The Chinese billionaire has largely been out of public view since he publicly criticized China’s regulatory system in a speech last…

The People’s Bank of China (PBoC) has announced that all cryptocurrency-related financial activities are illegal, including transactions, providing pricing services, and launching new tokens.

China Automotive Engineering Research Institute Co Ltd (CAERI) said in a statement it has developed a system to analyze the path of data transmission by using a communication-detection device to monitor uploaded data and data gathered from vehicles in a testing environment.

China’s government is reportedly looking to take control of ride-hailing giant Didi, the latest development in a broader crackdown that has kept Chinese tech companies and investors on their toes for months. Under plans being considered by China’s government, a subsidiary of Beijing’s city government could take a stake in Didi — the world’s largest…