Alibaba ‘Dismayed’ Over Ethnic Profiling in Facial Recognition Technology
The Chinese e-commerce giant claimed the technology was in a trial phase and never deployed by any customer.
Luckin Coffee Fined $180M in Accounting Fraud
The SEC says the Chinese retailer fabricated more than $300 million in coupon sales to present a false picture of rapid growth to investors.
Is China Stepping Up Fintech Regulation a Good Thing?
As developments in fintech continue to emerge, Chinese regulators have become increasingly worried about finance being overshadowed by technology.
Alibaba, JD, Pinduoduo’s U.S. Listing Fate Hangs in Balance
House vote on audit rules could force the delisting of Chinese stocks if they don't comply with regulations.
China’s Negative Yield Bond Gets Positive Response
The strong demand "shows investors are still underexposed to China and there definitely is a scarcity value perceived in these bonds"
Apple Rebukes Supplier for Labor Code Violations
The company's decision to put Taiwan's Pegatron on probation underscores the “challenge facing Apple as it seeks to address abuses in its supply chain."
Will U.S.-China Relationship Improve Under Joe Biden?
“Both sides are under pressure to maintain a hawkish stance as domestic politics don't allow for yielding ground to someone else.”
Ant Group Suspends Mammoth IPO
The initial public offering would have valued Ant at more than $310 billion.
Starbucks Changing Format of Business District Stores
CEO Kevin Johnson says store traffic is down in central business districts but up in the suburbs.
Ford Earnings Beat Estimates; China Growth, Ford Credit Highlighted
“We know that there’s huge value to be unlocked as we turn around our automotive operations," said new CEO Jim Farley.
China’s Economy Grows Nearly 5%
“China's economy continued its rapid rebound last quarter, with the recovery broadening out and becoming less reliant on investment-led stimulus.”