A largely empty urban district struggling with billions of dollars in debt demonstrates the breakdown of the Chinese economic growth model.
Layoffs hit JD.com, Tencent and Didi Chuxing
This is your Data Sheet newsletter for Wednesday, April 10, 2019.
An anonymous reader quotes a report from Gizmodo: Chinese journalists and netizens recently found that Apple Music’s Chinese streaming service censored a song by Hong Kong singer Jacky Cheung that references the 1989 Tiananmen Square pro-democracy prot…
The president is not only reading the markets as a daily measure of his success, he is also shaping policy to keep prices high.
China, whose initial enthusiasm about cryptocurrencies has waned, may order its local governments not to support the industry.
Millions of Chinese are using the app as part of President Xi’s efforts to strengthen ideological control in the digital age. Critics say it fuels a personality cult.
Two college students in Oregon are accused of tricking Apple into replacing nearly 1,500 counterfeit iPhones with genuine ones that were later sold.
One of the United States’ top universities is cutting ties with Huawei and ZTE.
The Massachusetts Institute of Technology (MIT) made the decision to terminate its existing relationships, as well as suspend future ones, with the two Chinese tech…
The Massachusetts Institute of Technology is putting its funding and research ties with Huawei and ZTE on hold due to US investigations against the Chinese companies. The university will also add extra layers of scrutiny to projects and fundin…
Fresh from closing a notable investment from Airbnb, India’s OYO has expanded its footprint into Japan. The move comes through a joint venture with investor SoftBank — which led OYO’s $1 billion round last year through its Vision Fund — which will cover hotel-based accommodation and home rentals. Financial details around the joint venture were […]
Lots of things can hurt your social credit in China. Failing to repay your debts, plagiarizing academic articles and building a debt-laden tech empire and then fleeing to another country, to name a few random examples. One province now wants to add ano…
Shiny new app, same old propaganda.
Following similar moves by Stanford, University of California Berkeley and University of Minnesota, Massachusetts Institute of Technology announced that it is cutting ties with Huawei and ZTE, citing U.S. national security concerns. “At this time, base…
A slump in exports raises questions about how effective Prime Minister Shinzo Abe’s economic policies would have been without Chinese help.
Following earlier price cuts to iPhone models in China, Apple has dropped prices on multiple products to more than make up for just-reduced Chinese taxes.
Airbnb is continuing to widen its focus beyond ‘unconventional’ hotels as it gets ready for a much-anticipated IPO. Following its acquisition of HotelTonight last month, the company has picked today (April Fool’s Day) to confirm that it invested in India’s OYO — a startup that manages budget hotels and other stays. The deal has been […]
She thought she would be safe in Toronto. Then she began speaking out against the Chinese government and became the victim of a lurid smear campaign.
A trade deal could result in China promising to buy hundreds of billions of dollars of American products. It could further cement Beijing’s role in the economy.
Carrying out a promise made to President Trump, China announced that it would treat all variations of the opioid fentanyl as controlled substances.
U.S. officials advocated for the change to stem the flow of opioids from China
As China’s GDP growth slows, what opportunities can companies in the country look to?
Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people may not have the time to pick up fresh ingredients from brick-and-mortar stores, so China’s startups and large companies are trying to make home-cooked meals more effortless for busy workers by […]
Here’s a look at the players that dominate the video streaming market, the regions where they operate, and how they are trying to win customers.
Huawei: Hundred Billion Dollar Troll
Washington wants to thwart the Chinese tech giant’s dominance in telecom networks around the world. For now, though, sales at Huawei are booming.
Welcome to the first edition of China Brief. In this series, linked to our monthly podcast, McKinsey on China, our China-based partners share the latest insights from this dynamic market.