China Business Insider - News From Caixin Global

Miners head abroad amid rising uncertainty; after 26 years, Apple Daily issues final edition; and Swedish court upholds Huawei 5G ban

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The world’s priciest property market keeps getting more expensive; China will release a variety of metals from its national strategic reserves for the first time in a decade; and things aren’t going so swimmingly for star athlete Sun Yang


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New report says more of the Asian nation’s biggest firms are gaining an international reputation for innovation and quality; the latest on a corruption scandal rocking the country’s top policy lender; and flights are grounded in Shenzhen after the discovery of new Covid cases


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Plus, Sichuan Province plans to shutter all bitcoin mining operations in the region; Huawei has extended a recent move into the high-tech microchip sector with a new investment in high-powered lasers, and Australia takes a dispute over wine tariffs to the WTO

Central bank orders financial institutions not to provide any cryptocurrency-related services; Hainan takes steps to prevent the province from turning into a tax haven; and used electronics specialist Aihuishou soars 23% in its New York debut

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Sichuan takes aim at crypto; critics slam 985 dating platforms for educational discrimination; and Canberra turns to the WTO after China slaps tariffs on Australian wine

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Shein’s opaque ownership and media-shy approach means it’s hard to know who is calling the shots, let alone whether or not its vast supply chains are ethical

Read the article by Matthew Walsh and Flynn Murphy: https://www.caixinglobal.com/2021-06-03/in-depth-the-15-billion-chinese-fast-fashion-app-youve-never-heard-of-part-2-101722555.html

Narrated by Heather Mowbray.

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The likes of Alibaba and JD.com have been ordered to cut down on sending unsolicited texts to promote their businesses; Chinese sailors have become a hot commodity on the high seas; and ByteDance’s 2020 revenue more than doubles

Internet celebrity alleges that Wanda tycoon’s son turned up at her home uninvited and sent her threatening text messages; British footwear giant behind Dr. Martens boots takes fast fashion app Shein to court for copyright infringement; and China launches its first manned mission to its new space station


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Plus, Beijing hits back at a statement made by leaders of the G-7; ByteDance aspires to become a technology supplier for companies hoping to digitize; and a Hong Kong-based tech startup has created a robot that uses artificial intelligence to diagnose patients

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