China Business Insider - News From Caixin Global

Primavera Capital accused of bilking investors out of Ant Group stake in sale to founder's siblings

Media exposure forces Meituan, Ele.me to ease tight deadlines after revelations of drivers being maimed or killed while racing against the clock to deliver orders

 In today’s episode: viral article highlights the plight of delivery drivers working for the likes of Meituan-Dianping and Ele.me; Impossible Foods’ long wait to tuck into the Chinese market; and more state-owned enterprises are turning to cloud computing as the U.S. gets tough on Chinese tech players.

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In today’s episode: how a convicted murderer not only dodged his prison sentence but went on to serve as a corrupt village official; bankrupt company linked to Peking University refuses to honor the debts of its subsidiaries; and U.S. businesses grow more conservative about investing in China

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In today’s episode: what the latest grain game says about food security; regulator mulls tightening restrictions on the online health-care mutual aid industry; and Beijing to test out policies aimed at opening up the services sector.

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This week on the Caixin-Sinica Business Brief: New technology export controls from Beijing now threaten the sale of TikTok, financial analysts predict that the Chinese yuan could remain strong against the U.S. dollar into 2021, and China’s banking regulator approves the first foreign-owned money broker to operate in the country. 

In addition, we speak with Caixin Global managing editor Doung Young, about the consumer electronics company Oppo and its opportunity to gain ground on Huawei through increased smartphones sales in 2020.

In today’s episode: How certain private and state-owned companies have already provided employees with trial vaccines; traditional TV cable companies report plunging profits as their audience increasingly turns to online alternatives, and SMIC shares tumble amid speculation that Washington will place the chipmaker on tech blacklist.

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In today’s episode: A teenager calls the police on his dad, accusing him of setting up a surveillance camera in his bedroom; what’s up with the nation’s latest big buzzword, ‘Dual Circulation’?; and China boosts access to duty-free shopping.

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In this episode, a rule-defying pipeline highlights how energy markets are shifting in the wake of a national reorganisation of state needs and how a 1.4 mile natural gas pipeline will soon be up and running regardless.

Call it Fintech 2.0. A new generation of better regulated fintech companies are rising, and some may be coming to market this year. We consider the chances of 4 Chinese unicorns: Lufax, JD Digits, Suning Finance and VZoom