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The Latest Breaking News from China

Preserving the local as Chinese universities become international

China’s universities have embraced a global perspective, but students say their own language, culture and history have been disregarded in the turn to the West, writes Shibao Guo

Newsroom.co.nz

Yet Another Analyst Slashed Alibaba's Price Target, Outlook Following China's Covid Outbreak

Benchmark analyst Fawne Jiang reduced the price target on Alibaba Group Holding Ltd (NYSE:BABA) to $220 from $235 (104.3% upside) and kept a Buy rating on the shares. Jiang cut her fiscal Q4 revenue forecasts in China commerce direct sales to reflect the disruption of offline businesses due to COVID lockdowns. Jiang lowered International Retail…

Benzinga

China's Worries Switch From Nickel To Lithium

Nickel is not the battery-destined metal that concerns China the most. In March, the government of the Asian giant summoned several market players to find ways to curb lithium’s whopping increase of 472% since last June.

Benzinga

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Here's Why JPMorgan Trimmed Apple's Earnings Outlook

JPMorgan analyst Samik Chatterjee sees consumer spending restricting the upside expectations from Apple Inc's (NASDAQ: AAPL) launch of the iPhone SE3 and will likely limit the magnitude of upside to iPhone 13 and App Store revenue in Services. Chatterjee trimmed earnings forecasts for Apple, led by a "modest haircut" to revenue growth estimates for iPhone and…

Benzinga

Japan, Philippines to step up security ties amid China worry

The defense ministers of Japan and the Philippines have agreed to bolster security cooperation and expand joint drills between their forces, and shared concerns about China’s increasingly assertive military actions in the region

The Independent UK

What drives Chinese migrants to Ghana: it's not just an economic decision

Over the past two decades, there have been many debates about China’s growing engagement in Africa. In these discussions, the more than one million Chinese expatriates, business people and labourers who come and work in Africa are often seen only as a byproduct of an overall “outbound” China. And they…

The Conversation

China warns of ‘strong measures’ if US House Speaker Nancy Pelosi visits Taiwan

‘All possible consequences that arise from this [visit] will completely be borne by the US side’

The Independent UK

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Yoshitsu Looks To Reduce Logistics Costs Via Warehouse Partnership With Lion Group

Japanese beauty and health products retailer Yoshitsu Co Ltd (NASDAQ:TKLF) has partnered with two cross-border E-commence, warehousing, and logistics companies, Hainan Lion and LHK, collectively called the Lion Group. Yoshitsu has modified and amended its service agreement with Lion Group to optimize international warehouse operations for expanding its business presence in China. Under the…

Benzinga

This Major Alibaba Investor Has Tripled Stock Buyback To $1.1B

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) bought ¥141.4 billion ($1.1 billion) worth of shares in March, versus ¥46.2 billion of shares in February, more than tripling the size of its share buybacks. The buyback, coupled with a 7.6% jump in Alibaba Group Holding Ltd's (NYSE:BABA) shares, helped SoftBank cap a monthly stock-price gain of 8.5%, a…

Benzinga

Tencent To Bring Down Curtains On Game Streaming Service

Tencent Holdings Ltd (OTC:TCEHY) looks to shut down its game streaming service citing a shift in its business strategy, Bloomberg reports. The streaming platform, called Penguin Esports, will terminate all services on June 7 after having already suspended new user registrations and in-app purchases. Tencent looks to compensate users by giving away…

Benzinga

Tesla Extends Giga Shanghai Closure Through At Least Thursday

Anonymous sources claim Tesla informed suppliers and employees at Giga Shanghai to expect the shutdown to continue through at least today, likely longer.

InsideEVs

Here's Why Apple Could Shine Amid China's Covid Resurgence

China's recent surge in Covid cases jeopardizes the leading smartphone market, while Apple Inc (NASDAQ: AAPL) could still shine, analysts told CNBC. China reported over 20,000 Covid infections leading to a countrywide lockdown hindering logistics and consumer spending. China tried to keep the factories running to reduce disruption. Also Read: Apple iPhones Led Smartphone Sales As 5G…

Benzinga

China warns Pelosi's reported Taiwan trip will have "consequences"

She was scheduled to led a "planned Congressional delegation to Asia" but tested positive for COVID-19.

Axios

Morning Brief: Top Stories Dominating Financial Media on Thursday, April 7

Reuters Here’s Why HP Shares Are Trading Higher Premarket

Benzinga

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The Independent UK

Shanghai wrestles with food shortages under virus shutdown

Residents of Shanghai are struggling to get meat, rice and other food supplies under anti-coronavirus controls that confine most of its 25 million people to their homes

Bangkok Post

New routes viewed for fresh fruit exports to China

Trade officials in Nakhon Phanom are negotiating to speed up fruit exports through Laos to China, which are being held up by Covid-19 controls.

Benzinga

Boeing 737 MAX Lands In China Amid Uncertainty Over Model's Return: Reuters

A Boeing Co (NYSE:BA) 737 MAX intended for China Eastern Airlines (NYSE:CEA) subsidiary Shanghai Airlines landed in Shanghai on Thursday, according to flight-tracking websites, amid uncertainty about when the model will resume flying in China, reported Reuters. Flight BOE631 from Guam came more than three weeks after the first 737 MAX bound for a Chinese…

The Independent UK

Chinese hackers reportedly target India's power grid

India’s power sector has been targeted by hackers in a long-term operation thought to have been carried out by a state-sponsored Chinese group, a U.S.-based private cybersecurity company detailed in a new report

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The News Lens

Ukraine War: How Russian Propaganda Dominates Chinese Social Media

In China’s cyberspace, Russian propaganda continues to influence the discourse over the war in Ukraine. Experts say the efforts could be Beijing’s attempt to trigger anti-Western sentiments.

Benzinga

BREAKING: Tesla Recalls 127,785 Model 3 Vehicles In China Over Manufacturing Defects

Elon Musk-led electric vehicle maker Tesla, Inc. (NASDAQ: TSLA) is recalling a total of 127,785 Model 3 vehicles — both imported and locally made — in China, the country's State Administration for Market Regulation has said, according to

The Independent UK

EXPLAINER: Can war massacres sway China's support for Russia

China has called reports of civilian killings in Ukraine disturbing and urged further investigations, even while declining to blame Russia

The Independent UK

US warns Xi Jinping of ‘what might come his way’ if China supports Russia in Ukraine war effort

‘I hope there are some lessons learned that sanctions bite, that we will keep them coming’

Reuters

China warns U.S. against House Speaker Pelosi visiting Taiwan

China warned on Thursday it would take strong measures if U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan and said such a visit would severely impact Chinese-U.S. relations, following media reports she would go next week.

Caixin Global

Shanghai Composite Index Fell 1.42% on Thursday

Shenzhen Component Index closed down 1.65%

The Independent UK

China ship shadows research vessel, Filipino scientists wary

Philippine officials say a Chinese coast guard ship maneuvered for days near a research vessel deployed by Philippine and Taiwanese scientists to undertake a crucial survey of undersea fault lines west of the northern Philippines, causing concern among the scientists on board

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