China Business Insider - News From Caixin Global

Nanjing, Suzhou and other cities in the Yangtze River Delta announce striking policy changes related to household registration; controversial chatbot business Xiaoice gains unicorn status after its latest funding round; and Beijing pledges more support for trade despite June exports soaring


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Plus, Huawei CFO is denied a request to admit bank records as evidence in extradition case; Tencent adopts a facial recognition system to curb minors’ late-night gaming binges; and Meituan plans to trial food deliveries by drones

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Ride-hailing giant warns of ‘adverse impact’ as China crackdown intensifies;
Suning.com founder steps down as chairman; and the world’s second-largest economy goes on a building spree for battery-swap centers

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Company plans to test the aerial delivery network in Shanghai; regulator calls for removal of 25 mobile applications operated by Didi; and the latest on Huawei CFO’s extradition case

The number, shorthand for elite universities and their graduates, has become an object of disdain for how it’s used by exclusive dating sites to perpetuate class divisions

Read the article by Zeng Yuli: https://www.caixinglobal.com/2021-06-19/weekend-long-read-985-issues-with-finding-a-spouse-in-china-101728877.html

Narrated by Heather Mowbray.

The writer is a commentator for Narada Insights, a thought leadership platform focusing on China's societal changes and current affairs. The platform was set up by the Narada Foundation.

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Although the city’s government has long promised to address a chronic shortage of homes, bureaucracy and the sway of special interests block action

Read the article by: https://www.caixinglobal.com/2021-06-23/in-depth-whats-stopping-hong-kong-from-fixing-its-housing-crisis-101730893.html

Narrated by Heather Mowbray.

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The short-video sensation dips a toe into the recruitment market; Alibaba-backed medical data firm backpedals on U.S. IPO plans as China clampdown intensifies; and central bank official issues a warning on stablecoins

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Tech giant introduces a striking measure to keep minors from all-night gaming marathons; aerospace executive in hot water for getting in a scuffle with two scientists; and Wuhan reports one of the nation’s largest clusters of imported Covid cases



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Foreign ministry urges the U.S. to ‘correct mistakes’  after state media reported Chinese visa applicants were denied travel documents;  Bitcoin price tumbles after authorities shut down an enterprise suspected of providing software services for crypto trading; and Didi shares nosedive as China ramps up scrutiny of foreign-traded companies 


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Plus, Morgan Stanley downgrades the domestic real estate sector; study finds Sinovac’s Covid-19 vaccine safe and effective for children; and the country’s services sector expands at the slowest pace in 14 months


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