Tag: China

Peoples Bank of China calls all ICOs to stop
Global

Peoples Bank of China calls all ICOs to stop

The Peoples Bank of China, PBOC said all initial coin offering, ICOs in China must be stopped immediately. The PBOC said many ICOs are used to finance illegal activities as well as money laundering and criminal organizations that are hard to track by law enforcement agencies. This development is a […]

Ford appoints Jason Luo as head of Chinese unit
Global

Ford appoints Jason Luo as head of Chinese unit

Ford Motor Company has appointed Jason Luo as chairman and CEO of Ford China. In his new role, Jason Luo will lead all of the company‚Äôs operations in Greater China including its import business, Lincoln, its passenger car joint venture Changan Ford, commercial vehicle investment in Jiangling Motors Corporation, and […]

China issues restriction on overseas investments
Global

China issues restriction on overseas investments

Government of China has issued a restriction on overseas investment in sectors such as real estate, hotels, entertainment, sport clubs in a bid to encourage local investment. The State Council released a guideline to promote healthy growth of overseas investment and prevent risks. According to the report, the guideline intends […]

China releases timetable to crackdown on Ponzi schemes
Scams

China releases timetable to crackdown on Ponzi schemes

China might join the league of countries clamping down hard on Ponzi schemes and other dodgy investment companies luring unsuspecting members of the public to losing their funds. China’s regulatory authority said it will further investigate Ponzi scheme activities across the country. The government said in a statement that: “Recently, […]

Naspers’ Tencent, WeChat under investigation in China
Tech

Naspers’ Tencent, WeChat under investigation in China

Naspers, Africa’s largest technology investor is under investigation in China. Naspers’ social media sites as well as WeChat, its mobile chat application are being investigated by the Cyberspace Administration of China. As a result of the announcement, Naspers shares listed on the Johannesburg Stock Exchange, JSE, tanked by 5%, the […]

Alibaba, Marriott partner to boost Chinese tourism
Global

Alibaba, Marriott partner to boost Chinese tourism

Alibaba Group Holding Ltd and Marriott International have announced the establishment of a joint venture to redefine the travel experience for the hundreds of millions of Chinese consumers traveling abroad and domestically every year. The joint venture will leverage Marriott International’s global portfolio of brands and unparalleled hospitality expertise to […]