Business - dotdotnews

Opinion | The future lies with fintech, and Hong Kong is at the center of it

Opinion | An unexpected but reasonable path of budget balancing

Smart Talk | Will digital RMB challenge hegemony of USD?

The homecoming of China concept stocks

Frontline of Taobao Maker Festival 2020｜Six future trends unveil opportunities for young entrepreneurs

Alibaba Group fined $2.78 billion for abusing dominant market position

China's State Administration for Market Regulation (SAMR) has slapped a fine of 18.23 billion yuan ($2.78 billion) on Alibaba Group for indulging in a monopolistic act of abusing its dominant market position.

Business 04-10 11:51:08

IMF upgrades global growth forecast to 6 pct, highlights divergence in recovery

The International Monetary Fund (IMF) on Tuesday (Apr. 6) projected that the global economy will grow by 6 percent in 2021, 0.5 percentage point above the January forecast, according to the latest World Economic Outlook (WEO).

Business 04-07 12:08:43

US Supreme Court backs Google over Oracle in major copyright case

The U.S. Supreme Court handed Alphabet Inc's Google a major victory on Monday (Apr. 5), ruling that its use of Oracle Corp's software code to build the Android operating system that runs most of the world's smartphones did not violate federal copyright law.

Business 04-06 17:13:42

Foreign investment in China climbs 81% in 2020 amid economic recovery

China last year attracted $520.6 billion of foreign investment, up by 81 percent from 2019, the State Administration of Foreign Exchange (SAFE) said in a report.

Business 04-05 12:20:43

China explores digital yuan for cross-border transactions

China is exploring ways to use its digital yuan for cross-border transactions to meet market demand, the central bank said on Thursday (Apr. 1).

Business 04-02 15:50:37

WTO says 2021 global trade recovery rests on vaccines

Global trade is set to grow by 8 percent in 2021, the World Trade Organization (WTO) said Wednesday (Mar. 31), stressing that the route out of the COVID-19 crisis rested on the rapid rollout of vaccines.

World 04-01 12:07:40

HKEX proposes easing listing rules to lure more overseas firms

Hong Kong's stock exchange proposed easing listing requirements to attract more overseas firms to sell shares in the financial hub.

Hong Kong 04-01 10:24:48

Bilibili drops in HK debut as tech shares lose shine

Bilibili Inc fell on its debut in Hong Kong, becoming the latest US-traded Chinese mainland firm to disappoint on its homecoming during a global sell-off in the country's technology shares. Shares of the fast-growing video streaming service sank more than 6 percent early Monday (March 29).

Business 03-29 14:21:25

Nike, Adidas face backlash after H&M on Xinjiang cotton issue

Nike has become the next target of Chinese netizens' rage after H&M for its stance over Xinjiang cotton supply issues. The hashtag #nike has become the biggest trending topic on China's Twitter-like social media platform Sina Weibo on Thursday (March 25) with 720 million views and 530,000 comments over its announcement outlining its boycott of Xinjiang cotton.

China 03-25 11:39:08

HK's financial system remains smooth operation despite COVID-19: Govt official

Hong Kong's financial system has been operating smoothly despite the COVID-19 pandemic and other global uncertainties, an official of the Hong Kong Special Administrative Region (HKSAR) government said Wednesday (March 24).

Hong Kong 03-25 10:30:37

Elon Musk says China will become Tesla's largest market

China will become the largest market for Tesla, said Elon Musk, co-founder and CEO of the electric carmaker, in an exclusive interview with China Media Group (CMG) on the sidelines of the 2021 China Development Forum that concluded on Monday (Mar. 22).

Business 03-24 11:23:58