Education stocks soar with reports that China will resume after-school tutoring
Shares of US-listed education companies jumped in pre-market trading, with the latest reports suggesting they are set for new life.
Official media blames online games as 'spiritual opium', sending Tencent, NetEase shares diving
The report triggered a plunge in the share prices of Hong Kong-listed companies with gaming businesses. Tencent Holdings and NetEase fell more than 10 percent, and CMGE fell more than 21 percent.
China issues three-year action plan for new data center development
China strives to raise the average utilization rate of national data centers to over 55 percent by the end of 2021, with total computing power exceeding 120 EFLOPS, and to reduce the PUE of new large and above data centers to below 1.35.
Chinese e-commerce platforms allegedly cracking down on overseas versions of game consoles
Chinese e-commerce platforms, including Alibaba's Taobao, are removing overseas versions of game consoles including the PS5, Xbox Series X/S, a move that is expected to significantly squeeze the viability of this gray market.
China's 2021 new energy vehicle subsidies to fall by 20 percent
China's new energy vehicle subsidies in 2021 will be backed down by 20% compared to 2020, four ministries, including China's Ministry of Finance, said in a document released today.
China extends new energy vehicle subsidy to end of 2022
Chinese regulators issued a notice today saying that the implementation period of the new energy vehicle promotion and application of financial subsidy policies will be extended to the end of 2022.