Catenaa, January 28, 2025 – Global tech stocks plummeted for a second consecutive day Tuesday as the unveiling of a cost-efficient Chinese AI model disrupted investor confidence in the sector. Nvidia shares fell 17% on Monday, erasing $593 billion in market value, a historic one-day loss. Chinese startup DeepSeek introduced a low-cost AI assistant that […]
Catenaa, Monday, February 03, 2025 – Canada, Mexico and China have announced retaliatory measures after President Donald Trump signed executive orders imposing steep tariffs on imported goods. The White House confirmed Saturday that the US would implement a 25% tariff on goods from Canada and Mexico and a 10% tariff on items from China. In […]
Alibaba Group recorded a revenue increase of 8% year-over-year(y/y) in the third quarter of 2024 despite poor performance in China, supported by cloud and e-commerce growth, the fastest in 2 years. The revenue recorded during the quarter was $ 38.3 billion, an 8% increase y/y, surpassing expectations as sales jumped by 13% y/y. Income from […]
Catenaa, Friday, February 21, 2025 – Asian stocks climbed to a three-month high on Friday as investors rallied around Chinese tech stocks with enthusiasm for Artificial Intelligence(AI). MSCI’s broadest index of Asia-Pacific jumped more than 1% to its highest since November 8 on Friday, putting the index on track for a sixth straight week of gains, the […]
Beijing, November 21, 2023- Baidu, China’s leading search engine company, experienced a significant surge in revenue during the June quarter, Baidu said on November 21. While some analysts said the increase was caused by China’s ChatGPT rival Ernie, a Bloomberg news report suggested the surge was driven by a recovery in advertising and consumer spending […]
Catenaa, Sunday, January 12, 2025 – China has unveiled strict new rules aimed at tightening control over cross-border cryptocurrency transactions, signaling an intensified regulatory crackdown amid economic challenges. The measures require banks to rigorously track the identities of individuals and institutions involved in crypto activities, targeting potential risks such as money laundering, cross-border gambling, and […]
Catenaa, Monday, January 13, 2025 – China has unveiled ambitious plans to integrate blockchain technology into its national data infrastructure, aiming to complete the project by 2029. The National Development and Reform Commission, alongside two other government bodies, released a policy document emphasizing blockchain’s role in enhancing the traceability and trustworthiness of data. Despite its […]
Catenaa, Sunday, February 16, 2025 – China authorities have uncovered a massive underground banking operation that laundered over CNY 1 billion ($136 million) through cryptocurrency, leading to multiple arrests and exposing the increasing use of digital assets for illicit cross-border transactions. The network, which operated across several provinces, used cryptocurrencies to bypass China’s strict financial […]
Beijing, Monday, February 26, 2024 – On Thursday, February 22, the People’s Bank of China announced a significant cut to the five-year loan prime rate (LPR), the largest since the reference rate’s introduction in 2019. This move comes amidst China facing a deepening economic crisis and growing deflationary pressures, and it aims to stimulate borrowing […]
Catenaa, Tuesday, December 10, 2024 – China’s leaders on December 9 announced a significant pivot in economic policy, adopting bolder measures to address slowing growth and prepare for 2025, while tensions with the US over trade and technology continue to escalate. The Politburo, the nation’s top decision-making body led by President Xi Jinping, pledged to […]
London, Thursday, June 6, 2024 – A promotional seminar targeting the second China International Supply Chain Expo (CISCE) was held on May 24, 2024, in London. Over 150 representatives from UK and Chinese firms, enterprises, and media companies have participated in the seminar. The second CISCE will be held in Beijing from November 26 to […]
Catenaa, Tuesday, December 31, 2024 – The Further Upgrade Protocol of the China-Singapore Free Trade Agreement (CSFTA) officially came into effect today, December 31, 2024, marking a milestone in deepening economic ties between the two countries. China’s Ministry of Commerce announced that the agreement aligns with high-standard international trade rules and significantly opens service trade […]
BEIJING. Wednesday, January 17– On Friday, December 22, China’s introduction to new rules targeting in-game spending and rewards, aims to curb video game addiction and promote healthy habits among young people. About 10 out of the 64 articles include updated or new guidelines, marking the most significant regulatory alterations since additional restrictions were imposed on […]
Thursday, May 24, 2024 – The competition for dominance in the global semiconductor industry is intensifying, fueled by billions of dollars in investments from both the United States and China. The US allocated USD 32.8 billion under its CHIPS Act to boost Semiconductor and Chip production, while China set aside a staggering USD 142 billion. […]
Catenaa, Wednesday, November 27, 2024-A federal appeals court on Tuesday overturned US Treasury sanctions against Tornado Cash, ruling that the crypto privacy tool cannot be classified as foreign property under sanction laws. The decision, made by the 5th U.S. Circuit Court of Appeals, emphasized that Tornado Cash’s immutable smart contracts are software, not entities subject […]
Catenaa, Monday, February 17, 2025 – Goldman Sachs raised its 12-month target price for Chinese stocks on Monday to bring in $ 200 billion in inflows, following the recent Artificial Intelligence(AI) boost. In recent weeks Chinese tech stocks have been on a strong rally boosted by DeepSeek’s AI breakthrough and Goldman Sachs estimates that AI […]
Catenaa, Tuesday, February 18, 2025 – Hong Kong’s (HK) Hang Seng TECH Index, which represents the 30 largest listed technology companies, recorded a 3-year high on Tuesday after it gained over 3% fueled by the Al rally and promised relief by Chinese President Xi Jinping. Hoever, China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes moved little […]
Thursday, May 30, 2024 – The Hong Kong Monetary Authority (HKMA) announced on May 17, 2024, their integration with the People’s Bank of China (PBoC) to enable the set-up and use of e-CNY wallets for cross-border payments between Hong Kong and the Mainland in China, exclusively for Hong Kong residents. The launch of an e-CNY […]
London, Monday, February 12, 2024 – Global index provider MSCI announced on Monday, February 12, a shakeup of its flagship MSCI-China Index and said it had removed 66 companies deemed non-compliant with its sustainability criteria. This is the largest single-quarter removal in at least two years and reflects the ongoing struggles of Chinese equities. MSCI […]
Catenaa, Friday 22, 2024-The Shanghai High Court has ruled that cryptocurrencies possess “property attributes” under Chinese law, affirming their value as virtual commodities. However, the court also maintained China’s strict prohibition on the commercial use of cryptocurrencies, such as token issuance and speculative trading. The ruling arose from a legal dispute between an agricultural development […]
Catenaa, Friday, February 14, 2025 –TikTok has resumed availability on Apple and Google app stores in the United States after former President Donald Trump delayed enforcement of a ban until April 5, a report by BBC said. The popular video-sharing platform, used by more than 170 million Americans, was briefly removed last month as a […]
Catenaa, Monday, January 20, 2025 – TikTok began restoring services Sunday after President-elect Donald Trump announced plans to extend the timeline for enforcing a law banning the app unless ByteDance divests its US operations.Trump cited the app’s popularity and its role in benefiting small businesses as reasons for his decision, saying, “Frankly, we have no […]
Catenaa, Saturday,January 18, 2025 –The US Supreme Court has upheld a law banning TikTok unless its Chinese parent company, ByteDance, sells its US stake by tomorrow January 19, 2025. The unanimous ruling dismissed TikTok’s argument that the ban infringes on First Amendment rights, citing national security concerns tied to the app’s data practices and links […]