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China lifts video game ban

China just lifted its ban on new video games after nearly a year of keeping games from getting released. Its regulatory arm approved 80 new games today, as first reported by Reuters. But curiously enough, none of them are from the country’s biggest gaming company, Tencent.
(FILE) This photo taken on October 26, 2018 shows co-founder of China's Alibaba Jack Ma gesturing as he attends an international investment conference in Johannesburg. - Jack Ma, founder of Chinese tech giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party. In an article on November 26, the People's Daily said Ma was a party member who has played an important role in pushing China's Belt and Road global trade infrastructure initiative -- a pet project of President Xi Jinping. (Photo by STR / AFP)

China’s richest man Jack Ma now a Communist Party member

Jack Ma, founder of Chinese tech giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party.

Alibaba co-founder Jack Ma retiring at 54

Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education.

EU must challenge PayPal, Apple in payment services

European Union countries must foster payment services that work across the continent to boost its financial sector and reduce dependence on third countries like the United States, a top European Central Bank official said Monday.
Asura

China’s most expensive movie becomes epic flop

With a $113-million budget, the most expensive Chinese film ever made has become a flop of historic proportions, pulled from theatres on its opening weekend after bringing in a paltry $7.3 million.

Uber rival Didi gets permission to test self-driving cars in California

The company is allowed to test autonomous vehicles in the state as of May 10, according to the California Department of Motor Vehicles’ website.

Alibaba acquisition values meal-deliverer Ele.me at $9.5 billion

Chinese e-commerce giant Alibaba said Monday it was acquiring full ownership of leading food-delivery firm Ele.me in a deal that values the Shanghai-based start-up at $9.5 billion.

Hong Kong stocks close down more than five percent

Hong Kong stocks crumbled more than five percent on Tuesday, making it one of the worst performers on a painful day for Asian markets after a record-breaking collapse on Wall Street fuelled by concerns over rising US interest rates.

Alibaba buys stake in Wanda Film for $750m

Troubled Chinese conglomerate Wanda announced Monday that e-commerce giant Alibaba has agreed to buy a stake in its cinema division for around $750 million, the latest sell-off by the heavily-indebted group.

Javier Mascherano nicknamed Pony Brother in China

Disgusted Chinese football fans branded Carlos Tevez “Very Homesick Boy” but they have an altogether fonder nickname for his fellow Argentine Javier Mascherano, “Pony Brother”.

Asian markets clumb again, dollar faces further weakness

Asian equities continued their positive start to the year on Wednesday following more record closes on Wall Street, but the dollar faced further selling pressure.

Meet China’s richest persons in pictures

The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's $43 billion fortune catapulting him to the top, a survey released Thursday said.

China disrupts WhatsApp ahead of Communist Party meeting

Chinese authorities appear to have severely disrupted the WhatsApp messaging app in the latest step to tighten censorship as they prepare for a major Communist Party congress next month.

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