The Latest Breaking News from China

Li Jiaqi: Chinese influencer’s career hangs in balance after ‘tank cake’ stream

Young role model’s broadcast cut short after appearance of dessert thought to reference 1989 Tiananmen Square crackdown

The Guardian - UK · Jun 9, 2022

Morning Brief: Top Financial Stories Dominating on Thursday, June 9

Reuters Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Benzinga · Jun 9, 2022

Why Bilibili Shares Are Plunging Today

Bilibili Inc (NASDAQ:BILI) reported first-quarter FY22 revenue growth of 30% year-on-year to $797.3 million, beating the consensus of $757.6 million. Drivers: Average monthly active users (MAUs) increased 31% Y/Y to 293.6 million, and Mobile MAUs rose 33% Y/Y to 276.4 million. Average daily active users (DAUs) climbed 32% Y/Y to 79.4 million, and Average…

Benzinga · Jun 9, 2022

China’s Baowu Retains Global Steelmaking Crown

The state-owned goliath’s output grew 4.35% last year even as the country produced less steel overall, industry data show

Caixin Global · Jun 9, 2022

U.S. says there is 'extraordinary' lack of transparency over Chinese activity in Cambodia

A decision by Cambodia to expand its biggest naval base and allow the Chinese military exclusive use of a portion of it shows an extraordinary lack of transparency, a senior U.S. defense official said on Thursday.

Reuters · Jun 9, 2022

Here's Why Alibaba Shares Are Trading Lower Premarket After Brief Jump

Alibaba Group Holding Ltd (NYSE:BABA) shares gave up the gains in premarket trading after China snubbed previous reports of the revival of the IPO of its fintech affiliate Ant Group Co. The news of revival reflected possible ease in China's domestic tech crackdown, Bloomberg reports. China had reportedly formed a team to reassess Ant's share…

Benzinga · Jun 9, 2022

Alibaba Hands Out Bulk Of 2021's Antitrust Penalty; China Signals Ease In Crackdown As It Continues To Monitor Tech Sector

E-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) and on-demand service platform operator Meituan (OTC: MPNGY) jointly handed out 92% of China's antitrust fines, 

Benzinga · Jun 9, 2022

Top U.S. official meets Philippines' Marcos to boost "longstanding alliance"

Philippine President-elect Ferdinand Marcos met with a top U.S. official in Manila on Thursday, underscoring efforts to preserve an alliance strained by incumbent leader Rodrigo Duterte's animosity toward Washington and his embrace of Beijing.

Reuters · Jun 9, 2022

China’s Southern Strategy

Beijing Is Using the Global South to Constrain America

Foreign Affairs · Jun 9, 2022

Deglobalization Is Not Inevitable

How the World Trade Organization Can Shore Up the Global Economic Order

Foreign Affairs · Jun 9, 2022