Three Chinese state associations issued a joint initiative on Wednesday for curbing the financialization and securitization of NFTs, and for preventing the risk of illegal financial activities.
Five Chinese government bodies, including the Ministry of Industry and Information Technology, issued a joint opinion on Friday, calling for further strengthening of safety systems for new energy vehicle companies.
Under strict new regulation issued on March 11, many brands of electronic cigarettes and vaporizers with fruit flavors have seen prices increase by up to 20-30 yuan ($3.14-$4.72).
Regulators have recently conducted an online talk with Meituan to address an issue of wage arrears revealed by food delivery drivers in the northeastern province of Heilongjiang.
China's vaping and e-cigarettes industry witnessed two critical developments on Friday. New detailed regulations and draft of "Chinese E-Cigarette National Standards" were published.
Recently, employees of Chinese Twitter-like social media platform Weibo said on a domestic job information sharing platform that their company is laying off a significant number of employees and is even asking some to leave voluntarily.
Data released Wednesday by the Chinese ride-hailing regulatory information website showed that domestic platforms received 704.203 million individual ride orders in January, up 5.3% from the previous month.
The regulations stipulate that when an unmanned intelligently networked vehicle breaks the law, the owner and people who manage the vehicle will bear responsibility.
Besides heightened regulatory pressure from authorities, an increasingly shrill blend of nationalist and anti-capitalist sentiment among Chinese netizens has also acted as a catalyst for Didi’s turmoil, creating an unprecedented scenario on social media.
The share price of New Oriental Education on the Hong Kong Stock Exchange on Friday afternoon has suddenly slumped. As of 4:10 pm, its was selling at HK $30.60 per share – down 39.63% – hitting a new low since its Hong Kong debut. Its latest market valuation sits at HK $55.541 billion
A trio of China’s top regulatory bodies on Tuesday jointly published new rules aimed at patching up vulnerabilities that threaten businesses and consumers within the online ecosystem.
Tesla’s deliveries in China unexpectedly surged in May after a short-lived downturn, following which the company regained its throne in the national electric vehicle (EV) market despite a backlash over issues with quality and data protection.
