China Business Digest: Tencent Pushes for Merger of Major Gaming Livestream Platforms; Global Covid-19 Cases Pass 20 Million

Chinese education company GSX Techedu under new short-seller pressure; bank profits fell in first-half

Public Hospitals Restructure as Patient Visits Plunge

Hospital visits fell by over a quarter in first four months of the year due to Covid-19 fears

WeChat Users in the U.S. Fear Losing Family Links With Ban

President Trump’s order to ban social media app is an escalation of the U.S.’s aggressive stance against Chinese technology companies

China Car Recovery Gathers Pace With July Sales Accelerating

Retail sales of sedans, SUVs, minivans and multipurpose vehicles increased 7.9% in July from a year earlier to 1.63 million units

China Sanctions 11 U.S. Lawmakers, Foreign Policy Specialists

Beijing says it is retaliating against sanctions on Chinese officials announced in early August

Aug 11, 2020 04:18 PM

Japan, U.K. to Launch $20 Billion Global Vaccine Alliance, Countering U.S., China

World’s top two economies each have deep enough pockets to negotiate deals independently, putting others at a disadvantage

Aug 11, 2020 02:47 PM

CX Daily: The Clock Is Ticking for TikTok

China's consumer inflation ticks up. Plus, international flights bring new Covid-19 infections to Shanghai.

Aug 11, 2020 09:36 AM

GSX Techedu Continues Under Short-Selling Pressure in New York

Chinese tutoring service falls almost 10% Monday as short seller Citron Research repeats financial reporting fraud allegation amid pressure on accounting from U.S. lawmakers

Aug 11, 2020 06:00 AM

China Seized 7,831 Fugitives Abroad and Recouped $2.8 Billion Since 2014

Long arm of the law reaches corrupt officials and dodgy business people on the lam in more than 120 countries and regions, NSC says in first work report

Aug 11, 2020 05:51 AM

Haidian District Investment Platform Plans Stop-Gap Short-Term Borrowing

Government-linked unit in prestigious sector of Beijing to offer $215 million of 180-day bonds after liquidity-related plunge in traded debt forced it to slash a 5-year issue last month

Aug 11, 2020 05:33 AM

China Urges Frank Dialogue on Cross-Border Audit Reviews

In response to Trump administration move toward delisting Chinese stocks from American exchanges, CSRC vows ‘full sincerity for cooperation’ on audits

Aug 11, 2020 05:25 AM

New Oriental Picks 3 Banks for $1 Billion Hong Kong Listing

Bank of America, Credit Suisse, UBS Group work with New York-traded private school operator on secondary listing planned for late this year

Aug 11, 2020 05:18 AM

Commercial Banks Post 9.4% Profit Drop in First Half as Pandemic Bites

Second-quarter earnings fell 28.4% reflecting rising risks and business pressures following an upbeat first quarter as bad-loan ratios widen

Aug 11, 2020 05:16 AM

China Business Digest: Consumer Inflation Accelerates; Twitter Emerges as Potential U.S. TikTok-Buyer

Beijing calls for ‘frank dialogue’ in face of Washington’s delisting threat; Huawei confirms supply of self-developed chipset to end

Aug 10, 2020 08:55 PM
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