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The Latest Breaking News on China tech

China's digital currency raises concern as wages of thousands of public servants moves to e-CNY

Starting this month, thousands of workers in a Chinese city will be paid their wages entirely in digital yuan, in what has been described by the central government as a "milestone" for the currency.

ABC News

Ex-ByteDance exec claims CCP "maintained" access to U.S. data

The former engineering head called the tech giant "a useful propaganda tool for the Chinese Communist Party."

Axios

China Crackdown: 3 Stocks Worth Avoiding in May

The regulatory crackdown in China, which intensified in late 2020, shows no signs of easing, with international consulting firm Capvison being its latest target over national security concerns. Continued China’s crackdown is expected to weigh on stocks significantly. So, it could be wise to avoid struggling Chinese stocks Air China…

StockNews.com

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iPhone maker Foxconn buys huge site in Devanahalli

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Bengaluru, the key Apple supplier said in a filing on Tuesday (May 9) as it looks to diversify production away from China.

The Hindu

China targets foreign consulting companies in anti-spying raids

State media report suggests growing suspicions of firms involved in due diligence and business research industries

The Guardian - AU

China probes Capvision in latest raid on foreign company

Investigation into Capvision comes after recent police raids on Bain & Company and Mintz Group.

Al Jazeera

Is This the Right Time to Buy Coal? 2 Stocks to Watch

Coal is a traditional and reliable energy source that is expected to witness solid demand in the near term, despite the clean energy drives. So, investors might add fundamentally good coal stocks such as Yankuang Energy Group (YZCAY) and SunCoke Energy (SXC) to their watchlists. Read on.

StockNews.com

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ASDA customers issued warning amid Rewards App update

Users may have to enter their details again after an app update

Nottingham Post

Shanghai Composite Index Rose 0.82% on Thursday

Shenzhen Component Index closed down 0.57%

Caixin Global

Jack Ma returns to public life with professorships

Jack Ma, the face of Chinese entrepreneurship and the founder of Alibaba Group Holding, has assumed professorships in at least four schools outside mainland China, as he keeps an arm's length from the business empire he created.

Bangkok Post

Amazon warning as scarves mysteriously arrive at random houses in new 'brushing' scam

Once the scarf is received then the scammer will be able to post a fake five-star review which in turn will boost the seller’s figures resulting in a higher ranking search meaning more people will buy their products as they appear higher rated.

Irish Mirror

Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed up 0.33%

Caixin Global

Amazon shoppers warned over new 'brushing' scam as unsolicited parcels turn up on doorsteps

Which? is warning that people are receiving unsolicited 'Suzhichou' branded scarves that they didn't order - in a move identified as a 'brushing' scam designed to improve seller ratings.

Chronicle Live

Shanghai Composite Index Fell 0.32% on Tuesday

Shenzhen Component Index closed down 1.48%

Caixin Global

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Caixin Global

Shanghai Composite Index Fell 0.78% on Monday

Shenzhen Component Index closed down 1.17%

Evening Standard

How to stop strangers tagging you on Instagram, as fake Shein gift card scam sweeps the platform

Shein has already warned customers about the scam

Caixin Global

Shanghai Composite Index Fell 0.68% on Wednesday

Shenzhen Component Index closed down 0.84%

Caixin Global

Shanghai Composite Index Rose 0.23% on Tuesday

Shenzhen Component Index finished nearly flat

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Axios

Hikvision internal review found Xinjiang contracts targeted Uyghurs

"We're not going to absolve the company," the team conducting the review told Hikvision, per a recording of a private meeting.

Daily Mirror

Tesco shoppers hit with major Clubcard change today - how it affects you

The Clubcard app - which lets you scan a digital version of your Clubcard, as well as view and spend your points - is being shut down on April 18, in a major shake up for shoppers

Daily Mirror

Shein mocked for outrageous leather thong shorts that look like 'loin cloth'

Fast fashion retailer Shein has once again left shoppers aghast after unveiling a pair of titchy-tiny leather thong shorts, which some say remind them of a 'loin cloth'

Caixin Global

Shanghai Composite Index Rose 0.6% on Friday

Shenzhen Component Index closed up 0.51%

Caixin Global

Shanghai Composite Index Rose 0.41% on Wednesday

Shenzhen Component Index closed up 0.05%

The Guardian - UK

As the west tries to limit TikTok’s reach, what about China’s other apps?

With government concerns over national security growing, Beijing’s influence over platforms such as WeChat and Shein could come under scrutiny

Caixin Global

Shanghai Composite Index Fell 0.05% on Tuesday

Shenzhen Component Index finished nearly flat

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