SoftBank Group Corp on May 12 released its performance for the 2021 fiscal year ending March 31, reporting a net loss of 1.7 trillion yen ($15.1 billion), the biggest loss in any fiscal year since its establishment in 1981. Its Vision Fund posted a net loss of 251.6 billion yen ($2.2 billion) in the Chinese…
Foreign Investment Into China Fell by More Than 60 Percent in Q1
May 1, 2022
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News Analysis After the U.S. Securities and Exchange Commission (SEC) tightened its supervision of China concept stocks and U.S.-China relations worsened further following the outbreak of the Russian-Ukrainian war, foreign investment into China has plummeted by more than 60 percent in the first quarter of 2022 compared to the same period last year. According to…
Senators Urge Prohibiting Military Personnel Use of CCP-Linked Ride-Hailing Platform Didi
March 31, 2022
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Business & EconomyCCPChinaChina Business & EconomyCompaniesDidiDidi ChuxingMarc RubiomilitaryNational SecurityPoliticsRepublicansTodd YoungUSUS NewsUS-China relations
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A pair of Republican lawmakers wrote a letter to the Departments of State and Defense warning of the risk posed by the Chinese ride-hailing giant Didi Chuxing over its links to the Chinese Communist Party (CCP). In a letter to Secretary of State Antony Blinken, Secretary of Defense Lloyd Austin, and Securities and Exchange Commission…
DiDi Reported $4.7 Billion Loss in Q3 Raising Concerns as It Plans Hong Kong IPO
DiDi—China’s ride-hailing giant which announced on Dec. 3, 2021, that it would begin delisting from the New York Stock Exchange—suffered a loss of 30 billion yuan ($4.7 billion) in the Q3, leading to concerns about its plan to list in Hong Kong this year. The company announced its Q3 revenue on Dec. 29, 2021, bringing…
Beijing Halts Over 40 IPOs Amid Probe into Broker, Law Firm
Chinese bourses have halted 42 initial public offerings (IPOs) amid a regulatory probe into four intermediaries in the deals. It marks the latest move in the Chinese regime’s escalating crackdown on the private sector. The Shenzhen Stock Exchange suspended more than 30 IPOs, including public share sale plans by the electronic carmaker BYD Co’s chip…
Dozens of China Apps Warned Over Breaching Data Transfer Rules
China’s Ministry of Industry and Information Technology (MIIT) reported 43 apps on Wednesday for illegally transferring user data, warning companies to fix the issue within a week. The illegal behavior included transferring users’ location and contacts, and harassing users with pop-up windows, according to a MIIT statement. The ministry said if the 43 apps, that included…
China’s Crackdown on Tech Companies Should Be a Warning Taken Seriously: Expert
U.S. investors and companies need to learn a lesson from Beijing’s recent crackdown on Chinese tech companies, warned Riley Walter, deputy director of the Japan Chair at the Washington-based think tank Hudson Institute. “Beijing doesn’t want these tech companies’ power to rival that of their own,” Walter said in a recent interview with NTD, an…
China’s Crackdown on Tech Companies Is a Warning to US Investors: Expert
U.S. investors and companies need to learn a lesson from Beijing’s recent crackdown on Chinese tech companies, warned Riley Walters, deputy director of the Japan Chair at the Washington-based think tank Hudson Institute. “Beijing doesn’t want these tech companies’ power to rival that of their own,” Walters said in a recent interview with NTD, an…
Riley Walters: Chinese Tech Companies Getting ‘The Heavy Hand’ From Beijing
August 12, 2021
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beyond the noisebeyond the noise channelbeyond the noise davidbeyond the noise newsbeyond the noise podcastbidenBusiness & EconomyCCPChinaChina Banchina tech crackdownchina tech warChinese Communist Partycommunismdavid zhangDidi Chuxingdidi techDonald TrumpHudson InstituteInternational RelationsJoe BidenNews Videosriley waltersTalking Points with David ZhangtechnologyTencenttencent gamingtik tokTrumpus latest newsUS politicsUS-China relationsUSA TodayWeChatwechat bannedXi Jinpingxi jinping tech
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beyond the noisebeyond the noise channelbeyond the noise davidbeyond the noise newsbeyond the noise podcastbidenBusiness & EconomyCCPChinaChina Banchina tech crackdownchina tech warChinese Communist Partycommunismdavid zhangDidi Chuxingdidi techDonald TrumpHudson InstituteInternational RelationsJoe BidenNews Videosriley waltersTalking Points with David ZhangtechnologyTencenttencent gamingtik tokTrumpus latest newsUS politicsUS-China relationsUSA TodayWeChatwechat bannedXi Jinpingxi jinping tech
The Chinese Communist Party is reining in its tech companies. But is it for control, finance, or politics? We speak with Riley Walters, deputy director of the Japan Chair at the Hudson Institute. He is an expert on macroeconomics. We learn more about the reason why Chinese leader Xi Jinping and his government would want…
Chinese Companies Becoming Increasingly Uninvestible
Commentary After a tumultuous period for U.S.-listed Chinese companies, many U.S. investors are finally concluding that Chinese companies are not worthy of a place in their portfolios. On July 30, the U.S. Securities and Exchange Commission issued a broad halt on new Chinese IPOs listing in the United States until risks posed to investors can…
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