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People’s Daily

China is rolling out the red carpet for venture capital in tech – and foreign funds are welcome

by Anas Siddiqui
China is rolling out the red carpet for venture capital in tech – and foreign funds are welcome

China plans to roll out new measures to coax venture capital (VC) – including funds based overseas – into the country’s technology sector, according to a notice from the State …

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China’s short video and live streaming sector still growing, with more than 15 million hosts, as online shopping fuels demand

by Anas Siddiqui
China’s short video and live streaming sector still growing, with more than 15 million hosts, as online shopping fuels demand

The CNSA estimated this e-commerce segment was already worth hundreds of billions of dollars on the mainland. The state-run body reports to the National Radio and Television Administration (NRTA), China’s …

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China’s new financial regulator pledges transparency to bring investors back from the brink

by Anas Siddiqui
China’s new financial regulator pledges transparency to bring investors back from the brink

China’s new financial regulator has made fresh pledges to increase regulatory transparency, stability and predictability, the latest of several attempts to restore investor confidence following a stock meltdown and high-profile …

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China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

by Anas Siddiqui
China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said. Increased collaboration between China’s major …

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Hong Kong needs to speed up approval of spot cryptocurrency exchange-traded funds after US launch, industry insiders say

by Anas Siddiqui
Hong Kong needs to speed up approval of spot cryptocurrency exchange-traded funds after US launch, industry insiders say

Eleven spot bitcoin ETFs – including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust and ARK 21Shares Bitcoin ETF, among others – began trading on Thursday, following the US Securities and …

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People’s Daily calls for tighter control of live-streaming e-commerce in China as controversies mount

by Anas Siddiqui
People’s Daily calls for tighter control of live-streaming e-commerce in China as controversies mount

An opinion piece published by the chief mouthpiece of the Chinese Communist Party has called for tighter oversight of live-streaming e-commerce, a popular but controversial segment of the country’s online …

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