Ethan Zhao
Senior Reporter
The Latest
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Chinese Classifieds Website 58.com's Reputation at Risk: Can Investigation of Resume Sales Salvage Its Credibility?
On August 10, in response to allegations that its subsidiary, Xinhua Yingcai, had been selling resumes, 58.com asserted that they were taking the matter seriously. They promptly established a special investigation team to examine the accusations, emphasizing their intolerance for such behavior. On August 10, in response to allegations that its subsidiary, Xinhua Yingcai, had been selling resumes, 58.com asserted that they were taking the matter seriously. They promptly established a special investigation team to examine the accusations, emphasizing their intolerance for such behavior. -
Country Garden Faces Major Losses, Unveils Four Rescue Measures
Late Thursday evening, on August 10, Country Garden issued a profit warning on the Hong Kong Stock Exchange. Late Thursday evening, on August 10, Country Garden issued a profit warning on the Hong Kong Stock Exchange. -
Unmasking Medical Corruption in China: How Deep Does it Run?
However, the pressing concern remains: while many describe the Chinese medical sector as "deeply corrupt," there's little clarity on the extent or nature of this corruption. How can a problem be addressed if its depth and nuances are not fully understood? However, the pressing concern remains: while many describe the Chinese medical sector as "deeply corrupt," there's little clarity on the extent or nature of this corruption. How can a problem be addressed if its depth and nuances are not fully understood? -
Yuan Depreciation Intensifies Amid Internal and External Tensions
Since the beginning of August, the yuan's exchange rate against the U.S. dollar has declined again, with the offshore yuan experiencing a larger drop. Analysts suggest this reflects the tension between external pressures on the yuan and China's internal economic recovery. As domestic recovery persists, bearish sentiment on the yuan is expected to wane. Since the beginning of August, the yuan's exchange rate against the U.S. dollar has declined again, with the offshore yuan experiencing a larger drop. Analysts suggest this reflects the tension between external pressures on the yuan and China's internal economic recovery. As domestic recovery persists, bearish sentiment on the yuan is expected to wane. -
$5 Billion in Orders: China's Tech Giants Race to Secure NVIDIA Chips, Backlog Extends into Next Year
As AI competition heats up, NVIDIA, the go-to "arms dealer" for AI chips, sees an increased demand, with recent reports corroborating this frenzy. As AI competition heats up, NVIDIA, the go-to "arms dealer" for AI chips, sees an increased demand, with recent reports corroborating this frenzy. -
Jack Ma Enters Musk's Arena: A Dive into Renewable Energy
Having revolutionized the way the Chinese shop and live by creating Alibaba, Jack Ma has earned his stripes as a significant entrepreneur and business leader. Since his official retirement in 2019, he's kept a relatively low profile. Having revolutionized the way the Chinese shop and live by creating Alibaba, Jack Ma has earned his stripes as a significant entrepreneur and business leader. Since his official retirement in 2019, he's kept a relatively low profile. -
China Tightens Reins on Facial Recognition: Draft Guidelines Propose Restrictions for Businesses
In a move reflecting growing concerns about privacy and data security, China has unveiled draft guidelines aimed at curbing the use of facial recognition technology by businesses. The proposed regulations signal Beijing's intent to strike a balance between technological advancement and the protection of individual rights in the world's most populous nation. In a move reflecting growing concerns about privacy and data security, China has unveiled draft guidelines aimed at curbing the use of facial recognition technology by businesses. The proposed regulations signal Beijing's intent to strike a balance between technological advancement and the protection of individual rights in the world's most populous nation. -
China's Trade Downturn: A Stagnating Recovery Amid Global Pressures
China's economic resilience is being tested as recent data reveals a sharper-than-anticipated decline in both imports and exports for July. The world's second-largest economy is grappling with a stagnating recovery, prompting calls for Beijing to introduce more robust stimulus measures. China's economic resilience is being tested as recent data reveals a sharper-than-anticipated decline in both imports and exports for July. The world's second-largest economy is grappling with a stagnating recovery, prompting calls for Beijing to introduce more robust stimulus measures. -
Apple's Ambitious Bet on 3nm Technology: A Partnership with TSMC that Could Revolutionize Computing"
For Apple, the development of 3nm (nanometer) technology is undoubtedly at the forefront of its agenda. For Apple, the development of 3nm (nanometer) technology is undoubtedly at the forefront of its agenda. -
Chinese Energy Companies Tap into Thailand's EV Boom
Thailand is quickly emerging as a popular destination for China's electric vehicle (EV) industry. Thailand is quickly emerging as a popular destination for China's electric vehicle (EV) industry.