China's Hello Inc. scrapped plans for an initial public offering in the United States against the backdrop of a regulatory crackdown on Chinese companies listed on US stock exchanges.
Venture capital and private equity firms in China are in a quandary after sweeping new rules on private education slashed the value of billions of dollars they'd invested in the sector.
Teaching firms likely to concentrate on further education provisions: analysts; China's education industry sub-index plunged as much as 15%
• China’s food delivery companies ordered to pay higher wages • Government insists on insurance for riders after public outcry ...
Company suspends new users as it ‘aligns with relevant laws’ on data; Move follows crackdown on Didi over alleged data misuse
• Nations stuck to entrenched positions, unwilling to compromise • No low-hanging fruit for cooperation for either side: analyst ...
China has launched yet another nationwide campaign to purge problems in its internet industry, the South China Morning Post reports....
• US given list of requests to ‘correct past actions’ • Xie Feng says US mobilised government, society to suppress...
S&P/BNY Mellon China Select ADR Index has lost 18.8% this year; Crackdown on education companies follows that on Didi and other tech firms
(AF) SoftBank’s tech-supporting VisionFund has taken a $4 billion hit on its Didi Chuxing investment since a Beijing crackdown on...
China’s plan to bar tutoring firms from making profits in core school subjects sent shockwaves through its private education sector and triggered a plunge in share prices of Chinese online learning platforms in the US and Hong Kong.
• Sherman is in Tianjin for talks with Foreign Minister Wang Yi • First senior Biden official to visit, hopes...