China’s southern Guangdong province, with its sprawling textile and electronics manufacturing hubs, has long been known as a global economic powerhouse. But in recent years, it has gained a reputation of a very different kind. In cities such as Dongguan and Huizhou, corruption investigations are widening against local cadres – often former officials accused of … Read more
“Alibaba may gradually become more attractive to some long-only funds because it is, after all, the largest e-commerce stock in China,” said Shawn Yang, senior analyst at Arete Research. “The expectations of macro improvement may be passed on to these consumer stocks. Alibaba is the largest among them, and its situation is improving.” Alibaba, owner … Read more
Combined security forces have begun a specialised operation to flush out kidnappers and other criminals in Imo State, Nigeria’s South-east. The police spokesperson in Imo State, Henry Okoye, disclosed this in a statement on Thursday. Mr Okoye, an assistant superintendent of police, said apart from kidnappers, the operation was also targeted at armed robbers and … Read more
The chief of a branch of China’s securities regulator, was detained by the Communist Party’s anti-graft body for alleged serious violations of discipline and laws, amid disgruntled equity investors’ uproar over a slumping market. Beijing-based financial media outlet Caixin said that Ling was apprehended on Monday morning and that his detention might be linked to … Read more
A senior health official in the southern Chinese province of Guizhou has been placed under investigation as China continued a crackdown on medical sector corruption. Yang Hui, 51, the party chief of the Guizhou provincial health commission, is being probed for “serious violations of discipline and laws”, according to the provincial commission for discipline inspection … Read more
Beijing has launched a nationwide “zero tolerance” crackdown on people who pretend to be government officials to defraud investors by selling fake official seals – among other schemes. In a meeting last week, the Ministry of Public Security called on agencies nationwide to target people who impersonated officials from government ministries or state-owned companies to … Read more
In the aftermath of the Rajkot game zone fire tragedy, Gujarat Police has launched a crackdown and booked owners of 18 such recreation facilities which are allegedly operated without valid permissions, officials said on Wednesday. Gujarat Minister of State for Home, Harsh Sanghavi, on Tuesday, directed all police commissioners and superintendents of police to register … Read more
Zoe Du used to be a typical employee at a Big Tech firm in China, putting in long hours, six days a week. One time, she fainted in the office after weeks of being on the job until 11pm every day. A veteran of more than 10 years in the internet industry, Du quit her … Read more
Douyin, the sibling app of ByteDance’s global short video hit TikTok, said it imposed additional oversight on live-streaming hosts and their activities during 2023 to rein in inappropriate practices. The live-streaming crackdown conducted throughout 2023 shut down more than 290,000 host accounts, including some top influencers, as the platform sought to weed out practices it … Read more
“During the drafting process, we received suggestions from the government, industry associations and companies in many ways,” the National Press and Publication Administration told the China Press and Publication News, its official paper. “The regulator will take public concerns on the … clauses into account and amend the regulations accordingly,” it said, adding the draft … Read more
