Tag: China
China permits American Express to operate through a Joint Venture
China’s central bank, The People’s Bank of China (PBOC) has provided final permission to a network clearing license for an American Express (AMEX) JV...
Zoom bows to Chinese censorship; Blocks meetings of protesters
Video conferencing tool Zoom had obstructed several meetings and barred the accounts of three activists at the request of the Chinese government.
The company published...
2020 will witness the largest drop in global gas demand, says...
The International Energy Agency, IEA, said that the spread of the pandemic and a mild winter in the northern hemisphere is contributing to the...
Oil producers of the world are faced with grim choices
The oil-producing countries of the world will be looking to find a way out of the price fall caused by the global pandemic, at...
Volkswagen AG finalizing strategic investments worth $2.33 billion in two Chinese...
Wolfsburg based German car manufacturer Volkswagen AG (VW) is finalizing strategic investments worth $2.33 billion in two distinct Chinese electric vehicles (EV) players.
VW will...
Tencent will make $70 billion investment in AI, cyber-security and cloud...
Chinese tech giant Tencent Holdings will spend $70 billion over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity.
The...
Alibaba lists surprising revenues; Profits take a hit.
Chinese e-commerce leader Alibaba posted revenue figures which surpassed expert forecasts despite the interruptions caused by the coronavirus. Profits, on the other hand, dropped...
Baidu could leave the Nasdaq to raise its valuation
Chinese search engine giant Baidu Inc is contemplating delisting from the U.S. Nasdaq and migrating to an exchange closer in Asia to raise its...
