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Chinese fashion retailer Shein eyes New York IPO
... Singaporean citizenship, the company said, without elaborating. China 's cyberspace administration and the offshore listing regime are going to make the listing process for Chinese firms more complicated, if not longerier, according to new rules issued by China 's cyberspace administration. The securities regulators' draft rules for offshore listings target companies with a majority of Chinese citizens or live in China , or whose main business activities are conducted in China . SHEIN ships to 150 countries and territories from its many global warehouses, according to its website. In 2021, it made around 100 billion yuan $15.7 ...
Updated: 01/25/2022
China launches clean cyberspace campaign
BEIJing - The Cyberspace Administration of China CAC has launched a month long clean cyberspace campaign that it said will target online abuse, money worship and celebrity fan groups Bomber and celebrity star groups BAT BEIJING - The Cyberspace Administration of China CAC has launched a month ...
Updated: 01/25/2022
China issues new directives to curb expansion of entertainment and tech giants
... and tech giants, including Alibaba, Tencent and Bytedance, owner of TikTok , a media report said. Nine different departments, including China 's National Development and Reform Commission NDRC, the State Administration for Market Regulation and the Cyberspace Administration of China , issued joint statements about how to regulate and regulate the development of what it labels the online platform sector, according to Chron, a US-based news outlet. The strict regulation of the tech companies' activities and investments in the ...
Updated: 01/21/2022
China vows to tackle corruption in tech sector
... According to a report earlier this week, China s internet regulators will require tech companies to seek approval before making investments or raising funds, adding further uncertainty to the outlook for tech firms. The reports were untrue, according to the Cyberspace Administration of China . Microsoft doesn't make a $69 billion down payment on the Metaverse. Wall Street traders don't want to go into the Middle of Cryptocurrencies. Biden finds himself boxed in China one year after he is relegated to his term, none One Year Into His ...
Updated: 01/21/2022
China to require approval for major Internet firms
... the matter said on Wednesday that China 's cyberspace regulators have drafted new guidelines that require the country's large Internet companies to get approval before they can undertake any investments or fundraisings. The proposed requirements from the China 's Cyberspace Administration of China CAC will apply to any platform company with over 100 million users or more than 10 billion dollars in revenue. Internet firms that are listed in sectors named on the Negative List issued by China 's National Development and Reform Commission ...
Updated: 01/19/2022
China to require approval for large internet firms
A sign above an office of the China's Cyberspace Administration can be seen in Beijing, China on July 8, 2021. HONG KONG BEIJing, January 19, Reuters - China's cyberspace regulator has drafted new guidelines that require the country's cyberpace regulator says. A sign above an office of the China ...
Updated: 01/19/2022
China issues draft rules on mobile apps
... whose functions could influence public opinion. SHANGHAI, Jan 5, Reuters -- China 's cyber regulatory body issued draft rules governing mobile apps, including a requirement for security reviews of apps whose functions could influence public opinion. The Cyberspace Administration of China CAC has run a campaign over the past year to increase the oversight of the country's tech companies, as part of the proposed regulations. The public is invited to give feedback on the draft rules by January 20. The CAC did not give any specific ...
Updated: 01/05/2022
China rules make it easier for Hong Kong listings
... underscored the heightened support for the former British colony. Data security risk in Hong Kong is not as high as in overseas markets, according to Chen. The Hong Kong capital market will definitely see more opportunities as a result. Representatives for the Cyberspace Administration of China didn't respond to calls seeking comment. An official at a separate agency handling requests for Tuesday said the rules shouldn't include Hong Kong listings because the city isn't a foreign country. From the Alibaba Group Holding Ltd. to the Tencent ...
Updated: 01/04/2022
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