503 Archives | Week In China

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WiC 503 (Jul 10, 2020)

A tale of two CEOs

Economy, Talking Point The founders of Ping An and Pinduoduo are both stepping down

Many of the rags-to-riches stories of China’s tycoons make for inspirational reading. Often just as interesting are the accounts of how some of the ...

Targeted market

Healthcare Chinese oncology companies rush for IPOs

Gracell, a Shanghai-based biotechnology start-up, prides itself on offering chimeric antigen receptor (CAR) T-cell therapy at a far more affordable ...

Internet & Tech Tencent lampoons itself after a bogus ad deal

Tencent is a tremendous success story in social media, digital payment, online games and entertainment – to name just a few of its strengths. But ...

Hubei hit again

Economy Wuhan and other areas suffer disastrous floods

The people of Hubei province must be wondering what they did to deserve 2020. Not only was it first to be afflicted by the coronavirus, it has also ...

Banking & Finance China’s biggest ever gold scam rocks the already shaky trust sector

A group of Chinese trust companies have just had the shock of their lives at the hands of Nasdaq-listed Kingold Jewelry. Some 83 tonnes of gold bars ...

Battery failure

Auto Industry ‘Little dragon’ Byton on the brink of collapse?

In Chinese culture, dragons symbolise wisdom, power and luck. But Byton, one of the four ‘little dragons’ trying to fire up China’s electric ...

China Consumer Cities jostle to become ‘livestreaming capital’

Zhao Yuanyuan was best known as the man behind the launch of Taobao Live. So when he abruptly left his position as the head of Alibaba’s e-commerce ...

Not quite to plan

Belt and Road Covid-19 chaos puts the brakes on BRI projects

Lending for infrastructure projects in China’s Belt and Road Initiative (BRI) is so opaque that there is no real consensus on the total loans ...

Wheels of fortune

China and the World After toilet paper and masks, there’s another Covid-19 export boom: bicycles

When he launched his bike hire scheme in 2010, London mayor Boris Johnson noted that a fifth of all journeys in the city had been made by bicycle ...

All the right moves

Entertainment Kids’ street dance show earns near perfect rating from audience

From its origins in 1970s New York, breakdancing is now set to become an Olympic sport. Last June, the International Olympic Committee announced that ...

Red Star The diva in the headlines

When singer-actress-writer Annie Yi was announced as one of the contestants in reality show Sisters Who Make Waves, in which 30 mid-career ...

Huawei faces UK ban

Sino-File “The NCSC’s re-evaluation of the risk Huawei poses as a supplier…

Tom Tugendhat, Conservative MP and chair of the CRG and the UK parliament’s foreign affairs committee, responds to news in the Sunday Times that ...

Not a diplomatic post

And Finally Netizens fume as Russia celebrates the ‘founding’ of Vladivostok on weibo

A hundred and sixty years is nothing but a blip in the longer run of Chinese history. This was the view of many netizens last week when the Russian ...