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China
Chinese Internet Company Tencent Manages to Reverse the Drop in Turnover
The Chinese internet and game company Tencent has seen turnover grow slightly again in the fourth quarter after two-quarters of contraction in a row. However, over the entire year, the Chinese market leader in games and social media did see…
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Chinese President Xi Jinping will Pay a State Visit to Putin in Russia Next Week
Chinese President Xi Jinping will pay a state visit to Russia next week. The Chinese Ministry of Foreign Affairs announced this on Friday.
"At the invitation of the President of the Russian Federation, Vladimir Putin, President Xi…
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China Denounces Unjustified Attacks on TikTok by Americans
The United States must stop "unjustified attacks" on the video app TikTok, says the Chinese government.
According to the US government, the popular app is owned by the Chinese tech company ByteDance and poses a threat to national…
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Strong Profit Growth for Webshop Alibaba Due to Cost Savings
The Chinese online store and tech group Alibaba has seen profits rise sharply in the past quarter. The company mainly benefited from major cost savings.
As a result, profit increased by 69 percent annually to 27.7 billion yuan, the…
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At Least 50 Miners are Trapped Underground After Mine Collapse in China
More than 50 people are trapped underground in China's Inner Mongolia region after a coal mine collapsed on Wednesday.
This is reported by the New China news agency.
Three people could be extracted from the mine, two of…
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China Responded Calmly to US President Joe Biden’s Offer to Discuss the Spy Balloon Issue
China has responded coolly to US President Joe Biden's offer to discuss the spy balloon issue. "The US cannot, on the one hand, inflame tensions and escalate the crisis, and then, on the other hand, demand communication and dialogue," Wang…
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Fashion House Hermès Records Turnover Despite China’s Corona Restrictions
The French fashion house Hermès does not seem to have suffered from the strict corona restrictions in China during last year's last quarter.
Turnover rose almost a quarter to a record high of 11.6 billion euros, where experts…
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US Blacklists Six Chinese Companies Over Spy Balloon
The United States has blacklisted six Chinese companies over their alleged involvement in the development of spy balloons.
According to the US Department of Commerce, these companies have contributed to China's People's Liberation…
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