Page 17 - Wang Xing News Today

It was the kind of brazen PR stunt that Jack Ma might have dreamed up. But this wasn’t the flamboyant Chinese billionaire who disappeared from public view eight months ago. It was Mark Zuckerberg, bobbing up and down on a hydrofoil surfboard, clutching an American flag and exuding all the confidence of a man worth $130 billion. The contrast between the social media mogul’s July 4th Instagram video and the day’s big event in China could hardly have been starker. Regulators in Beijing...

Beijing is taking advantage of a strengthening economy and stable financial markets to toughen up its corporate sector. But the crackdown could bring undesirable consequences and lead to panic.

Provided by Dow Jones By Elaine Yu Chinas tech crackdown is mostly affecting firms listed outside the country, helping to create a big performance gap between onshore and offshore Chinese stocks. In the three months to Tuesday, an iShares exchange-traded fund tracking an MSCI Inc. index of 490 onshore Chinese stocks, or A Shares, has gained 8.9%, according to FactSet. A similar vehicle that follows the broader MSCI China index is up just 0.2% over the same period....

הרשויות בסין הולכות למקד מאמצים במאות אפליקציות, כשמטרתן לנקות את תחום האינטרנט הגדל במהירות ובפראות בסין

BEIJING — The founder of food delivery giant Meituan Dianping will donate shares worth about $2.27 billion to his personal charity, a stock exchange filing…

The donation of shares by CEO Wang Xing comes as Meituan and others have come under the scrutiny of China's anti-trust regulator.

Wang Xing has donated a $2.3 billion stake in his food delivery giant Meituan to his own philanthropic foundation, according to a stock exchange filing issued late Thursday.

The release last week of a white paper on Tibet is an attempt by the Communist Party of China to whitewash the ground reality through propaganda. Since the birth of the CPC, propaganda has been one of its most powerful tools. From Mao Zedong to Xi Jinping, propaganda has always been an integral

Meituan (3690.HK) has delivered a lukewarm meal for investors. The $207 billion group's main food delivery business more than doubled quarterly sales to $3.2 billion from a year earlier. But new bets helped serve up a $1.3 billion operating loss. Regulatory heat threatens to spoil the whole package.

(Bloomberg) -- Chinese food-delivery giant Meituan’s shares jumped more than 10% after Chief Executive Officer Wang Xing unveiled better-than-expected financial results and detailed plans to address government concerns about its business practices.