Aug 14, 2021 06:58 PM

Weekly Must-Read: Chinese Chipmaking Upstarts Race to Rival Nvidia

The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.

# Tech #

In Depth: Chinese Chipmaking Upstarts Race to Rival Nvidia

Raising billions of dollars from investors, Iluvatar CoreX, Biren Technology, MetaX and Moore Threads bet on next-generation chips for AI

# Cover Story #

How Should China Respond to the Delta Variant?

While some now challenge the ‘zero-case’ Covid strategy as too costly, others say it works and China should expand medical resources for long-term virus coexistence


Editorial: How to Tackle the Challenge of Covid-19 Delta Variant

# Business #

Beijing Prosecutor Mulls Civil Action Against Tencent for Alleged Harm to Youth

The public-interest civil suit says the tech firm’s ‘youth mode’ breaches national law protecting minors, without saying how

# Finance #

In Depth: China’s Launch of World’s Largest Carbon Market Has a Sputtering Start

The national emissions trading scheme could use more liquidity and higher-level regulations, industry insiders say

Exclusive: One Court Will Handle Developer Evergrande’s Multitude of Debt Lawsuits

China’s top court has directed all the cases involving the company to be moved to Guangzhou


Developers Face New Debt Limits as Property Crackdown Continues

# Economy #

China’s Foreign Currency Hoard Hasn’t Been This Big in More Than Five Years

Official says Chinese economy is healthy enough to fend off impact of cross-border capital movements from tightening of U.S. monetary policy

# Alibaba #

Alibaba to Fire Manager Accused of Raping Colleague

CEO Daniel Zhang said e-commerce giant will now create a policy on sexual harassment

Government Intervention Needed to Prevent Sexual Assaults at Work

The case of Alibaba employee accused of raping a colleague shows the lack of government or corporate mechanisms for preventing such crimes

# Podcast #

Alibaba Faces PR Firestorm as Sexual Assault Allegations Surface

Tech giant says it is cooperating with a police investigation; China’s race to contain the delta Covid variant; and private education firms stop classes with tutors based abroad


Jack Ma’s ‘669’ Sex Joke Reinforces Tech’s Culture of Gender Harassment

# Opinion #

China Should Beware of EU Dressing Up Trade Protectionism as a Carbon Border Tax

Revenue from developed countries’ carbon tariffs should be used to support low-carbon development of developing countries

How China Can Make World’s Biggest Carbon Market More Effective

Beijing needs to gradually raise the share of allowances auctioned off and increase participation of financial institutions

# China #

In Depth: China Experiments With Leniency When Prosecuting Companies

A national pilot program that aims to balance holding scofflaw firms accountable with giving worthy ones a second chance has sparked questions about the cost of leniency

Shanghai Cancels English Final Exam for Elementary School Students

Shanghai education authorities have canceled final exams in English and prohibited primary schools from carrying out midterm exams

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