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Posted on May 13, 2021

China’s Antimonopoly Fine Leads to First Quarterly Loss for Alibaba Since Going Public

The number of active users on Alibaba Group’s ecommerce platforms topped 1 billion for the first time in fiscal year 2021, but this milestone was tainted by the company’s first quarterly operating …

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Posted on May 13, 2021

Burberry Sees China Growth Despite Xinjiang, Readies New Retail Concept

We think we can create enormous value out of China,” said Burberry’s CEO Marco Gobbetti, who is kicking off phase two of his plan for the brand, and preparing to open a …

( read original story …)



Posted on May 13, 2021

China’s WPS incursions won’t invalidate Philippines’ legal claims, says Roque

China’s unabated reclamation activities and deployment of military vessels within the Philippines’ exclusive economic zone in the West Philippine Sea will never invalidate the Philippines’ legal …

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Posted on May 13, 2021

What commodity prices are telling us, plus Sinovac results in Indonesia

BEFORE I get to today’s column, please read Bloomberg’s article published on May 12, “China Sinovac shot seen highly effective in real world study.” The results Indonesia (who the malevolent columnist …

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Posted on May 13, 2021

U.S. condemns political use of vaccines after China-Taiwan tussle

The United States stands with Honduras and condemns the “cynical use” of COVID-19 vaccines for political purposes, the State Department said, after Taiwan blasted China for seeking to use vaccines to …

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Posted on May 13, 2021

Air Force Bomber Completes Hypersonic Missile Test Amid China, Russia Arms Race

A previous test of the hypersonic weapon failed in early April, after the missile didn’t launch from the bomber.

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Posted on May 13, 2021

How China Views the U.S. Withdrawal from Afghanistan

On May 8, a bomb attack outside a school in Kabul killed at least 68 people. More than 160 people were injured. Although no one has claimed …

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Posted on May 13, 2021

U.S. firms still face more restrictions in China than Chinese firms face in U.S., says AmCham

Industries in which U.S. companies operate at a disadvantage in China include health care and cloud computing, said the American Chamber of Commerce in China.

( read original story …)



Posted on May 13, 2021

South Korea to spend $450 billion in race for global chipmaking supremacy

The country has unveiled ambitious plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade, joining China and the US in a global race to dominate the key …

( read original story …)



Posted on May 13, 2021

South Korea to spend $450 billion in race for global chipmaking supremacy

The country has unveiled ambitious plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade, joining China and the US in a global race to dominate the key …

( read original story …)



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