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The Latest Breaking News from China

Flowing Cloud Technology Files for Hong Kong IPO Amid Metaverse Frenzy

Key Takeaways: Flowing Cloud started as a games developer in 2008 and launched its first AR/VR platform in 2017 Gains in revenue and profit have been steady but the low-margin AR/VR marketing services division could dent future margins By Ken Lo

Benzinga

Qudian Chief Turns to Star Power in Company Transformation

Key Takeaways:

Benzinga

Heatwaves to menace China as almanac's 'big heat' day looms

China will suffer the return of more heatwaves over the next 10 days from east to west, with some coastal cities already on their highest alert level and inland regions warning of dam failure risks because of melting glaciers.

Reuters

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Nancy Pelosi’s Taiwan trip ‘not a good idea right now’, says Biden

US military advises against House speaker’s reported trip as president is due to talk to Xi Jinping for first time in four months

The Guardian - UK

Tesla's Market Share Exceeded 3% In US/Canada In Q2 2022

During the second quarter of this year, Tesla has continued to expand its market share, reaching new record levels.

InsideEVs

Benzinga Before The Bell: Baidu Beats Tesla, Finland Sells $47.5M Bitcoins, Tesla's Bitcoin Sale And Other Top Financial Stories Thursday, July 21

CNBC

Benzinga

China's top Covid official denies authorities are easing controls

HONG KONG: The Chinese official leading the country's Covid-19 response has said the authorities are not relaxing controls and urged cities to take decisive measures to contain outbreaks quickly.

Bangkok Post

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China F1 sponsor interest "difficult" but coming, says Alfa Romeo

Alfa Romeo Formula 1 boss Fred Vasseur says he is starting to see increased signs of sponsorship interest from China thanks to Zhou Guanyu, but admits progress has been 'difficult'.

Autosport

Biden says Pentagon thinks Pelosi’s Taiwan trip ‘not a good idea’ after China warns of ‘forceful measures’

Biden says he plans to speak to Chinese president by end of August

The Independent UK

Exclusive-U.S. probes China's Huawei over equipment near missile silos

The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that U.S. cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said.

Reuters

First Thing: Trump broke law by refusing to stop insurrection, panel expected to say

January 6 committee will hold eighth public hearing on Thursday. Plus, UK Conservatives brace for last round of leadership contest

The Guardian - UK

Tornado kills 1 in eastern China as country faces high temps

A tornado blew through 11 villages in a farming region of eastern China, damaging homes, killing at least one person and injuring 25 others

The Independent UK

China, India Vie for Influence in Sri Lanka Amid Economic Turmoil

Sri Lanka — with its strategic location at the crossroads of busy shipping routes — has become an arena of geopolitical rivalry and maritime competition between India and China.

The News Lens

Chinese ride-hailing giant Didi hit with $1.2bn fine

BEIJING: China has fined ride-hailing giant Didi more than 8 billion yuan ($1.2 billion), regulators announced Thursday, concluding a year-long investigation into alleged data security violations.

Bangkok Post

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The Independent UK

China's Didi Global fined $1.2 billion for data violations

China’s internet watchdog has fined ride-hailing firm Didi Global more than 8 billion yuan ($1.2 billion) following an investigation into the company’s cybersecurity practices

Asharq Al-Awsat

Seoul Lures Multinational Talents to Globalize Korean Pop

From Indian Korean pop (K-pop) idols to Swedish songwriters, South Korea's music industry is now a hotbed of global talent -- a smart strategy as it aims for world domination. K-pop bands have long included non-Koreans: Blackpink's Lisa is Thai, while Japan and China are both well represented, and Korean-American…

ABC News

The Loop: China's AUKUS submarine concerns, foot-and-mouth outbreak fears, Microsoft Teams goes offline and Quidditch gets a rebrand

Get up to speed on today's headlines with The Loop.

Al Jazeera

China fines Didi $1.2bn over ‘egregious’ data security violations

Cyberspace Administration of China says Beijing-based startup illegally collected user data since 2015.

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Reuters

Indonesian president to visit China next week, will meet with Xi

Indonesian President Joko Widodo will visit China from July 25-26, a Chinese ministry spokesman said on Thursday, becoming the first foreign leader in two years to be received individually by Beijing aside from February's Winter Olympics.

Asharq Al-Awsat

CIA Chief: Ukraine Making China Rethink When, Not Whether, to Invade Taiwan

China appears determined on using force in Taiwan, with Russia's experience in Ukraine affecting Beijing's calculations on how, not whether, to invade, the head of the CIA said Wednesday. Appearing at the Aspen Security Forum, Central Intelligence Agency Director Bill Burns played down speculation that Chinese President Xi Jinping could…

The Independent UK

Asia shares slip on inflation, China fears despite US rally

Asian shares have mostly fallen on persistent concerns about inflation and the Chinese economy, despite an overnight rally on Wall Street

Evening Standard

World’s oldest-ever captive male giant panda dies

The oldest-ever male giant panda in captivity has died aged 35 in Hong Kong.

Axios

Putin's Ukraine "failure" influencing China on "how and when" to invade Taiwan, CIA chief says

"You don’t achieve quick, decisive victories with underwhelming force," Bill Burns said.

Al Jazeera

China investors call it quits as Xi, ‘zero COVID’ sap confidence

Overseas investors shed a record $150bn in yuan-denominated assets in the first quarter of this year.

The Independent UK

World's oldest male giant panda dies at age 35 in Hong Kong

The oldest-ever male giant panda in captivity has died at age 35 after his health deteriorated

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