China Business Insider - News From Caixin Global

In today’s episode: suspected of illegal public fundraising, Huijiu is now fighting for survival; WeRide to test its autonomous vehicles in California; and the bank accounts of hundreds of small businesses have been frozen as the country clamps down on telecom fraud and online gambling.

In today’s episode: China's catching up on the U.S., but can it become the world's top consumer?; Shanghai market regulator gets tough on food delivery company for pressuring restaurants into exclusivity; Douyin takes steps to protect youths from malicious content and getting addicted to the platform.

 Plus, the U.S. Senate calls for a policy of ‘strategic competition’ with China; Visa and ecommerce giant JD.com agree to launch an online merchant subsidies program; and Inner Mongolia sets the stage to cut the region’s production capacity of steel, coking coal, and ferro-alloys

In today’s episode: The head of China CDC says his previous remarks about domestic Covid jabs were taken out of context; embattled video streaming site Leshi and its runaway founder have been punished for financial fraud; and Ant Group to restructure itself into a financial holding company as the state tightens scrutiny over the sprawling fintech industry.

In today’s episode: E-commerce giant fined 18.2 billion yuan for violating antitrust laws; Beijing’s Covid-19 vaccine campaign is picking up pace; and the Chinese tech titans are betting on a smart-car revolution.

Plus, semiconductor prices keep climbing, China's central bank begins cross-border tests of the virtual yuan, and China's medics turn to paper mills and ghostwriters to get fraudulent research papers published

In today’s episode: the criminal gang that made millions of yuan by rigging the recyclable battery market; agricultural titan Syngenta Group reports modest gains nearly a year after taking a new form; and what’s up with India’s tax dispute with ByteDance

In today’s episode: China-based bitcoin mining operations could end up consuming as much energy and creating as many carbon emissions as entire European nations, a new study estimates; why its becoming trickier to land a senior management role at a fintech company; and international schools are experiencing a boom in demand in the Greater Bay Area

In today’s episode: China’s new central air traffic management committee sparks speculation that the country could soon resolve its chronic flight delay challenges; why chip prices keep climbing higher; and JD’s fintech arm withdraws its Shanghai IPO application

Following several high-profile deaths, public anger is rising about how big tech treats its employees.

Read the article by Yuan Ruiyang, Guan Cong, Qian Tong, Qu Yunxu, and Timmy Shen: https://www.caixinglobal.com/tech-giants-overwork-culture/

Narrated by Heather Mowbray.