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The Latest Breaking News from WeChat

Chinese youth opt out of the rat race in search of personal peace

Young people are abandoning demanding careers and ditching consumerism championed by the ruling communist party.

Al Jazeera

Goodfellow's praise for a jolly good fellow

Did Chinese businessman Yikun Zhang court politicians for status and influence, or did they seek him out for donations and votes?

Newsroom.co.nz

Patriotic fervour erupts on Chinese social media over Pelosi's Taiwan visit

The sight of the U.S. House of Representatives Speaker Nancy Pelosi arriving in Taiwan late on Tuesday was too much to bear for many mainland China internet users, who wanted a more muscular response from their government.

Reuters

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China sent tanks through beach as Nancy Pelosi prepared to touch down in Taiwan

China’s foreign minister denounced the visit and warned of ‘serious consequences’

Evening Standard

Donations trial eavesdrops on WeChat deals

The High Court trial of seven people for concealing political donations hears WeChat deals and disputes over what Labour knew about a wealthy Chinese donor.

Newsroom.co.nz

Chinese Booster Rocket Makes Uncontrolled Return to Earth

A Chinese booster rocket made an uncontrolled return to Earth on Saturday, leading US officials to chide Beijing for not sharing information about the potentially hazardous object's descent. US Space Command "can confirm the People's Republic of China (PRC) Long March 5B (CZ-5B) re-entered over the Indian Ocean at approx…

Asharq Al-Awsat

China Pushes to Quell Protests Over Billion-dollar Banking Scandal

The scandal has drawn national attention as Beijing is struggling to maintain economic growth in the face of President Xi Jinping's commitment to a zero-Covid policy that has prompted widespread lockdowns and a resulting economic slowdown.

The News Lens

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Yeahka Ramps Up E-Commerce Bid, But Investors Cash Out

Key takeaways: Yeahka’s push into the highly competitive e-commerce space comes as growth slows for its core mobile payments business Company’s stock has fluctuated since its 2020 listing, and now trades near its IPO price after a roaring start in early 2021 By Trevor Mo

Benzinga

China censors strive to filter or erase details of mortgage protests

As China grapples to contain a mortgage boycott that has triggered rare protests, censors have gone into overdrive with social media messages blocked, videos of demonstrations wiped and key word searches coming up blank.

Reuters

Influence Empire by Lulu Chen review – the story of China’s Tencent

A fascinating study of the tech giant and its symbiotic relationship with the Chinese government

The Guardian - UK

WeChat Is China’s Most Beloved (and Feared) Surveillance Tool

This one app became so powerful that it could have posed a real threat to Beijing’s rule, the new book Influence Empire reveals.

Businessweek

China Cracks Down On Counterfeit Investment Platforms

China's cyberspace regulator has cracked down on counterfeit investment platforms, Reuters reports.

Benzinga

Why China's JD Is Giving Rival Tech Giant Tencent An Additional $220M Stake

Chinese e-commerce giant JD.Com Inc (NASDAQ: JD) on Wednesday said that it renewed its strategic cooperation agreement with the tech and gaming giant Tencent Holdings (OTC: TCEHY) for a period of three years.

Benzinga

As China shuts out the world, internet access from abroad gets harder too

TAIPEI, Taiwan — Most internet users trying to get past China's Great Firewall search for a cyber tunnel that will take them outside censorship restrictions to the wider web. But Vincent Brussee is looking for a way in, so he can better glimpse what life is like under the Communist…

Los Angeles Times

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Benzinga

Macro Headwinds Accelerate Cango's Drive to Car Trading from Auto Finance

Key Takeaways: Cango’s revenue fell 30% in the first quarter, led by a 74% decline in its legacy auto financing business that the company is de-emphasizing in favor of broader auto trading services

Asharq Al-Awsat

Universal Beijing Resort to Reopen on June 25 as COVID Cases Drop

The Universal Beijing Resort said on Wednesday it will reopen on June 25 after being closed for nearly two months, as the number of new COVID-19 cases in the Chinese capital falls. The resort said on its official WeChat account that after it reopens, all visitors must show a negative…

Benzinga

Macro Headwinds Accelerate Cango's Drive to Car Trading from Auto Finance

Key Takeaways: Cango’s revenue fell 30% in the first quarter, led by a 74% decline in its legacy auto financing business that the company is de-emphasizing in favor of broader auto trading services

Asharq Al-Awsat

TikTok Says Oracle to Keep US User Data Safe

TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears about its safety in the hands of a platform owned by ByteDance in China. The announcement came as the popular video snippet sharing service fended off concerns about the ability…

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news in one place.

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Asharq Al-Awsat

Forever 21 Takes Third Crack at China with New Bricks and Mortar Store

American fast fashion retailer Forever 21 is making its third tilt at the China market, with plans to open a physical store in the country later this month. The brand said on social media platform WeChat that it would open a store "in June" at Jingjiang Impression City shopping center…

The News Lens

China’s Wavering Position on Russia’s Invasion of Ukraine Threatens Its Legacy at Home and Abroad

Beijing’s official policy has remained ambiguously in support of the Russian cause, but against its consequences.

The Independent UK

Strategist: Last Australian government lost Chinese votes

A campaign strategist says the previous Australian government’s stance against a more aggressive China drove away many Chinese-Australian voters at recent elections who considered the administration’s language had licensed racism

Caixin Global

Zhang Mei: Will Inbound Travel Return to China?

China’s international brand images is important to the travel industry, and that’s not something money can buy

Benzinga

China Will Lose Ability To Access Amazon's Kindle E-Book Store From 2023

Amazon.com, Inc (NASDAQ:AMZN) looks to cease operating its Kindle e-book store in China from the end of June 2023, Reuters reports based on the e-commerce giant's official WeChat account. China's customers will no longer be able to purchase new e-books from June 2023 for reasons undisclosed. Also Read: Microsoft Brings Down Curtains On LinkedIn…

Asharq Al-Awsat

Amazon to Pull Kindle Out of China

Amazon.com said that from Thursday it will stop supplying retailers in China with its Kindle e-readers and will shut its Kindle e-bookstore in the country next year, the latest pullback by a US tech firm from the restrictive Chinese market. Amazon announced the decision on its official WeChat account on…

ABC News

Celebrations at midnight as Shanghai reopens after draconian two-month COVID-19 lockdown

Small groups have gathered in Shanghai's former French Concession neighbourhood at midnight, whistling, shouting "ban lifted" and clinking glasses of champagne.

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