Day: December 23, 2023

People shop at Shein’s holiday pop-up store inside the Forever 21 branch at Times Square in New York City on November 10, 2023. Photo: Reuters “China’s tech companies face strong headwinds in the form of the country’s stringent regulatory stance on tech and its fraught relationship with foreign economic powers like the US,” CB Insights said in its report. “In China, what’s going to happen is that you’ll have two groups of companies,” said Drew Bernstein, co-founder and co-chairman of accounting firm Marcum Asia, which has been an auditor and…

According to Taiwanese media estimates, there are roughly 1.2 million people from the island living on the mainland, accounting for about 5 per cent of Taiwan’s population. Most of the voters in this group tend to support the KMT and party officials often make the trip across the Taiwan Strait before elections. 05:27 Taiwan election exposes generational rift over potential reunification with mainland China Taiwan election exposes generational rift over potential reunification with mainland China People who attended events during Hsia’s trip said this visit was unusually high profile in…

As shipping in the Red Sea continues to be disrupted, the US wants China to leverage its influence with Iran to resolve the Houthi conflict. Since the Israel-Gaza war broke out, Chinese officials have held several meetings with their Iranian counterparts to prevent the conflict from widening – Iran also backs Hezbollah, a Lebanon-based militant group with a history of border skirmishes with Israeli forces. At a meeting earlier this month, Iranian Foreign Minister Hossein Amirabdollahian accused the US, the key supporter of Israel, of not fully understanding the risks…

These types of blockbusters – carefully edited and released under the scrutiny of state censors – fed into the narrative that China should protect its overseas interests when they are threatened, and by force if necessary. But in reality, it is less likely to be the People’s Liberation Army swooping in to save the day, and more likely to be a well-paid private security contractor hired to protect the overseas interests of Chinese businesses – especially those with operations in less stable regions. The Ukraine war and the Israel-Gaza war…

India’s financial crime-fighting agency has arrested two senior employees working for Chinese smartphone maker Vivo’s India unit, a source directly involved with the case said on Saturday, which the company vowed to challenge legally. The arrests come two months after the Enforcement Directorate arrested four industry executives, including one Chinese national, working for Vivo’s Indian unit in a case of alleged money laundering, charges the firm has denied. India has stepped up scrutiny of Chinese businesses and investments following a deadly border clash in 2020. “We are deeply alarmed by…