Evergrande defaulted on $260 million debt: Bankruptcy could be next

China 12/06/21, 15:34

According to the EpochTimes commentator Li Muyang, on Dec. 3, China's Evergrande Group announced it had defaulted on a debt of up to $260 million. This announcement by Evergrande may result in Evergrande's bankruptcy. The impact of this incident will be huge. However, a spokesman for the China Banking and Insurance ...

US to impose new sanctions targeting corrupt actors and human-rights abusers

China 12/06/21, 15:21

The U.S. is expected to introduce new sanctions targeting world officials at the "Democracy Summit" scheduled between Dec. 2 and 10. The penalties will be against foreign government officials and those involved in corruption and human rights violations. According to Reuters, the Department of the Treasury said on Dec. 1 that they ...

US Customs seizes $30 million in counterfeit goods from China

China 12/06/21, 15:15

The U.S. Customs and Border Protection (CBP) said on Dec. 2 that it had seized counterfeit designer products worth more than 30 million U.S. Dollars. The goods purported themselves of those luxury brands like Gucci, Chanel, and Louis Vuitton. The CBP said all sourced from a Chinese shipment in a news ...

Wang Sicong’s Panda Entertainment debt property has been auctioned

China 12/06/21, 04:38

According to "Vista Watches the World" report on Dec. 4, Wang Sicong, the only son of China's billionaire Wang Jianlin of Dalian Wanda, has publicly auctioned the company credit assets under the name of Panda Interactive Entertainment Culture Co., Ltd. ((referred to as Panda Interactive Entertainment) on the auction platform.  The ...

Facebook & Twitter delete thousands of accounts pushing Chinese propaganda

China 12/06/21, 02:49

According to RFA, Facebook and Twitter have deleted thousands of Chinese regime propaganda accounts. Facebook deleted 600 accounts from their Facebook and Instagram platforms, while Twitter removed nearly 2,000 users. Facebook said on Dec. 1 that one fake account belongs to a fictitious Swiss biologist named Wilson Edwards. This account spread ...

Didi Chuxing delisted on NYSE after CCP’s investigation

New York 12/06/21, 02:16

On December 3, Didi Chuxing Technology Co was delisted on the New York Stock Exchange. Didi is a ride-sharing platform that shares a similar business model to Uber of the U.S. Internal information from a state-owned securities company said that the Cyberspace Administration of China had not allowed Didi to list ...

Didi shares drop more than 20% after plan to delist from the US

China 12/05/21, 22:57

Ride-hailing giant Didi Global saw a significant drop in stocks after it announced moving away from the New York Stock Exchange Friday, Dec. 3. The company's stock dropped 22.17%, resulting in a market value loss of $8.4 billion. Reuters noted that Didi shares have dropped around 57% since their June 30 ...

Microsoft takes significant move toward using DNA in Data Storage

Tech 12/05/21, 16:40

In the context of a dramatic increase in data generation, the idea of storing data in single molecules that hold our genetic code (DNA) has come to the fore as a possible solution. DNA in Data Storage With around 2.5 million gigabytes of data generated every day, the amount grows enormously each ...

Chinese tech suffers from the economic slowdown and government restrictions

China 12/05/21, 14:45

2021 has been a challenging year for tech companies in China. Some of China's biggest tech giants had weak revenue growth from July to September this year, and all eyes are on the macroeconomic slowdown and government restrictions, the Chinese Epoch Times reported. Tencent, a social media and video game tyrant in ...

Under National Security Law, Hong Kong education lose 4,500 students

China 12/05/21, 14:37

According to Deutsche Welle's report, the wave of dropping out of school in Hong Kong has attracted the attention of foreign media. A wave of migration broke out in Hong Kong when the "National Security Law" was enacted, and the consequences are constantly looming. According to a newly published research report, ...

China condemns Japanese ambassador then receives blunt response

China 12/05/21, 06:35

Former Japanese Prime Minister Shinzo Abe said on Monday, Nov. 29, that the U.S. and Japan will not stand by and watch the Chinese Communist Party destroy Taiwan. On Dec. 1, Abe added that "a military adventure would be the path to economic suicide." “We must keep reiterating that peaceful ties between ...