Business

Editor’s note: This article is part three of a three-part series. Part 1 looks at Beijing’s crackdown on Didi and introduces the company’s ties to the Chinese military and state-owned businesses. Part 2 looks further into Didi’s ties with China’s business elites, the Chinese military, and Lenovo Group. Chinese investment firm Boyu Capital and its late co-founder Ma Xuezheng have contributed to Didi’s success.

Chinese internet giant Tencent, one of the world’s top 10 companies by market capitalization, has fully integrated itself with the Chinese Communist Party (CCP) by establishing 275 Party branches within it and cooperating with the Cyberspace Administration of China (CAC). Tencent, along with Chinese technology giant Alibaba, are among the top 10 companies with the

China’s homegrown tech giants could encounter major obstacles when listing abroad, as the Communist regime has stepped up efforts to control them, says a China expert. Li Hengqing, a scholar at the Washington Institute for Information and Strategy, said the regime’s proposed scrutiny of all offshore listings was aimed at stopping companies’ data, and more

Chinese leader Xi Jinping held a video summit on July 5 with German Chancellor Angela Merkel and French President Emanuel Macron. In their coverage of the event, Chinese official media claimed that both French and German leaders expressed support for unfreezing the EU-China Investment Agreement as soon as possible. However, there is no mention of such support in

WASHINGTON—American investors were steamrolled by Beijing again as the ride-hailing giant Didi Chuxing became the latest target of a clampdown by the communist regime just days after its debut on the New York Stock Exchange. A Chinese cybersecurity regulator on July 2 announced that it was conducting a review on Didi. The officials banned the ride-hailing platform from app stores, saying the

Counterfeit products have been circulated in China’s electronics market for a long time. However, as the global chip shortage intensifies, a large amount of refurbished, substandard fake chips are flood the market, exposing major deficiencies in China’s quality control standards. China Economic Observer reported a chip agent revealed that to meet the growing demand, suppliers were no

Commentary Beijing’s broadening ban on cryptocurrency mining has—for now—crippled the industry and sent bitcoin prices collapsing. But as bitcoin miners move to other regions and countries, China’s recent action could usher a period of greater stability for the cryptocurrency. More diverse distribution of mining power and higher usage of renewable energy could also be in store. In

Global food prices have risen for the twelfth month in a row, (39.7 percent in May from a year earlier), the highest since September 2011, according to the latest figures from the UN Food and Agriculture Organization (FAO). There are concerns that China, the world’s largest food importer, will face a food crisis. According to a report released

Although the Chinese authorities recently denied leaks at a nuclear power plant, China’s ambitious “nuclear power dream” needs urgent global attention, according to Chinese scholar and energy expert Nieh Sen. The Chinese regime continues to ignore safety issues while it fulfills its dream in becoming the top nuclear energy producer in the world, he warned. On