Phate Zhang

As labor costs rise in China, more and more labor-intensive companies are moving their factories to other countries.

Commentary published in China's official securities media is often highly regarded as it may signal the direction of regulatory winds. Now, the latest commentary calls for tighter regulation of cryptocurrency trading.

Alibaba posted an operating loss of 7.663 billion yuan ($1.170 billion) in its fiscal fourth quarter ended March 31 this year, the e-commerce giant's first quarterly loss since going public, mainly affected by fines from an antitrust investigation.

TiMi was founded in 2014, and Honor of Kings is one of its most successful titles.

Xiaomi's shares traded in Hong Kong surged Wednesday, rising 6.1 percent to HK$26.1 by the close of trading.

On JD.com the product is no longer searchable in both Chinese and English using "Gigabyte".

Xiaomi had its best-ever single quarter, up 62 percent year-on-year, with 49 million units shipped.

There is no precedent for an investor suing a US-listed company in China, making this case the first of its kind.

Huawei's operating income for the quarter was 150.57 billion yuan, down about 17 percent from 180.61 billion yuan a year earlier.

Chinese market regulator has opened a case against China's online service super-app Meituan for alleged monopolistic practices including "forced exclusivity".