News emerged on August 12 that Leon Li, the founder of cryptocurrency exchange Huobi, is seeking to sell a 60% stake in the company that would value the business at $3 billion. However, the report was denied by the platform.
A provincial division of the China Securities Regulatory Commission announced on July 26 that Gotion High-Tech, a new energy vehicle battery enterprise, was discovered to have four irregularities.
China's Ministry of Transport issued a document on July 22 requiring the transportation authorities of all cities to collect license information of car-hailing companies and their vehicles and drivers for real-time sharing.
News emerged on July 20 that Huanhe, a digital collection trading platform owned by Chinese tech giant Tencent, will be abolished this week.
The Cyberspace Administration of China (CAC) on July 21 issued a series of punishments for Chinese ride-hailing platform Didi, following a digital security review.
Since the bankruptcy and liquidation of Terra/LUNA, stETH, and 3AC, the transaction volume of the world's NFT market has shown a downward trend. Meanwhile, China, on the other side of the ocean, is leading the digital collection market.
This week: metaverse dating app Soul eyes Hong Kong IPO, ByteDance continues metaverse investments with the acquisition of VR startup PoliQ, Chinese tech giants vow to end NFT speculation, and more.
On Tuesday, the Cyberspace Administration of China released the names and record numbers of the eighth batch of registered domestic blockchain information service providers, including 106 new entities.
Three Chinese state associations issued a joint initiative on Wednesday for curbing the financialization and securitization of NFTs, and for preventing the risk of illegal financial activities.
Five Chinese government bodies, including the Ministry of Industry and Information Technology, issued a joint opinion on Friday, calling for further strengthening of safety systems for new energy vehicle companies.
Latest moves from the Chinese regulatory authorities suggest that the long-running Sino-US audit dispute is likely to hit a new milestone.
Under strict new regulation issued on March 11, many brands of electronic cigarettes and vaporizers with fruit flavors have seen prices increase by up to 20-30 yuan ($3.14-$4.72).
Regulators have recently conducted an online talk with Meituan to address an issue of wage arrears revealed by food delivery drivers in the northeastern province of Heilongjiang.
The Cyberspace Administration of China (CAC) issued a notice on Monday for public consultation on the Regulations on Network Protection for Minors.
China's vaping and e-cigarettes industry witnessed two critical developments on Friday. New detailed regulations and draft of "Chinese E-Cigarette National Standards" were published.