A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterHONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing may be willing …
China has introduced rules that aim to govern how technology platforms use recommendation algorithms. It is part of a broader push from Beijing to more closely regulate China’s domestic technology sector.Thomas White | ReutersChinese technology giants shared details of their prized algorithms with the country’s regulators in an unprecedented move, as Beijing looks for more …
Chinese tech giants share details of their algorithms with regulators Read More »
Zhao Weiguo, the former head of an expansive Chinese conglomerate with state backing and deep investments in the global technology sector, has been placed under investigation by officials in Beijing, according to local media.The 54-year-old, who led cash-strapped chipmaking giant Tsinghua Unigroup for a decade, has been out of contact after being taken from his …
Beijing detains high-flying Tsinghua semiconductor boss, report says Read More »
China is preparing a system to sort US-listed Chinese companies into groups based on the sensitivity of the data they hold, in a potential concession by Beijing to try to stop American regulators from delisting hundreds of groups. The system is designed to bring some Chinese companies into compliance with US rules that require public …
Beijing plans three-tier data strategy to avoid US delistings Read More »
European stocks were higher on Friday morning, paring some of this week’s losses after weaker-than-expected data from China fueled fears of a global economic downturn. The pan-European Stoxx 600 index rose 1% during morning deals, with most sectors and major bourses in positive territory.Autos stocks led the gains, up more than 3.2%, while mining stocks …
European markets open to close, China data, U.S. bank earnings Read More »
By Yifan Wang Shares of Chinese tech giants fell in Hong Kong on Monday, after Beijing fined some of the country’s largest internet companies for failing to make proper antitrust declarations on previous deals. Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Ping An Healthcare & Technology Co., which were named in the latest executive …
China Tech Stocks Fall After Beijing Fines Alibaba, Tencent Read More »