China launches ID authentification chip to rein personal data leak

China’s Ministry of Public Security issued the first batch of 50,000 smart chip cards in Gongqing City of Jiangxi Province in an attempt to promote safer and easier identity authentication for smartphone users. The technology is expected to have wide applications in areas such as e-commerce, social media, and administrative services. Dubbed as SIMeID, the … More China launches ID authentification chip to rein personal data leak

Xi Jinping puts China’s car industry in top gear with plans to raise foreign investment cap, lower import tariffs

Global carmakers received a double dose of good news from China’s President Xi Jinping on Tuesday: a reduction in import tariffs and a raised investment cap with regards to mainland-based factories. New energy carmakers such as Tesla are set to become the top beneficiaries of a relaxation by Beijing on foreign ownership in the automobiles … More Xi Jinping puts China’s car industry in top gear with plans to raise foreign investment cap, lower import tariffs

China Is Studying Yuan Devaluation as a Tool in Trade Spat

China is evaluating the potential impact of a gradual yuan depreciation, people familiar with the matter said, as the country’s leaders weigh their options in a trade spat with U.S. President Donald Trump that has roiled financial markets worldwide. Senior Chinese officials are studying a two-pronged analysis of the yuan that was prepared by the … More China Is Studying Yuan Devaluation as a Tool in Trade Spat

American tech sector frets as US-China trade tensions simmer

As US-China trade tensions ratchet up, the technology sector is fretting over the potential for collateral damage to one of America’s most important export industries. The tech industry is not directly affected by the new tariffs unveiled by the Trump administration which aim to target Beijing for unfair trade practices failure to protect intellectual property. … More American tech sector frets as US-China trade tensions simmer

American Retail Industry Fearful As Trade War Escalates

The trade war initiated by the Trump Administration escalated Wednesday April 4 with China adding tariffs on an additional 106 products worth up to $50 billion annually. The new tariffs mostly target basic agricultural products, including pork, soybeans, cotton, and wheat, but also include plastics, whiskey, tobacco, and vehicles. These new tariffs build on an … More American Retail Industry Fearful As Trade War Escalates

Tourism Features Prominently in Beijing’s Strategic Long-term Middle East Goals

In China’s quest for global influence, the Middle East has increasingly taken on increased importance. This is in part an effort to acquire strategically important natural resources, namely fossil fuels. However, fundamentally this new Middle East focus is also an effort to facilitate the consolidation of Chinese economic and political influence globally, China’s Belt & … More Tourism Features Prominently in Beijing’s Strategic Long-term Middle East Goals

Alibaba buys food delivery platform Ele.me

Alibaba announced today that it will acquire all outstanding shares that it does not already own in food delivery platform Ele.me. The transaction implies the enterprise value of Ele.me at US$9.5 billion. Alibaba and its financial arm Ant Financial are already the largest shareholder in the company with approximately 43% shares. Rumors of Alibaba’s acquisition … More Alibaba buys food delivery platform Ele.me

Tmall, Shanghai Fashion Week in New Retail Tie-Up

Tmall has partnered with Shanghai Fashion Week to help one of the industry’s most influential events in China up its digital game. Per the agreement, the Alibaba Group-owned B2C shopping site will bring New Retail technology to Shanghai Fashion Week, enhancing the attendee experience and delivering valuable consumer insights to organizers, buyers and designers over … More Tmall, Shanghai Fashion Week in New Retail Tie-Up

Why China and the US are fighting over 5G

5G has been making headlines recently. It came up in a White House memo leaked in January that argued creating a nationalized 5G network was the only way for the US to protect itself from Chinese security threats. Though lawmakers quickly dismissed the idea as an infringement on the private sector—”We’re not Venezuela,” said one … More Why China and the US are fighting over 5G

JD forms new strategic partnership with Sina

Online retailer JD has struck a new strategic partnership deal with Sina Corp dubbed “京浪计划” (the JD-Sina Program; our translation) local media is reporting. Sina is the newest member of the JD alliance, joining other big-name members including Jinri Toutiao, Baidu, Qihoo 360, NetEase and Sougou. Both JD and Sina are expecting to get a … More JD forms new strategic partnership with Sina