How Binance staffers found $1B was sent to sanctioned Iranian entities via the exchange, which dismantled their probe and suspended them after Trump pardoned CZ
Weeks after Trump pardoned Binance's founder, the company dismantled probe and suspended the investigators; Binance denied inquiry ended or staff fired for the concerns
A viral Chinese app called “Are You Dead?” that asks users living alone to “check in” with a button press becomes the top paid app in Apple's App Store in China
Sources: China offers to cut data center power bills by up to 50% for Alibaba, ByteDance, and others if they use domestic chips like Huawei's over foreign ones
Beijing introduces grants that slash power bills by up to half for some of the country's largest data centres
Sources: Trump decided not to discuss Nvidia's AI chip exports to China during his October 30 meeting with Xi Jinping following opposition from his top advisers
Wall Street Journal :
How Shein, which filed for a US IPO in November 2023, became stuck in US-China tensions; Shein, founded in 2012 in China, has never sold products in the country
The fast-fashion giant aimed to bridge the divide between Beijing and Washington, but hopes for a U.S. IPO have faded @shenlulushen @cdriebusch @raffaelehuang https://www.wsj.com/....
China says Micron's products caused “significant security risks to our critical information infrastructure supply chain” and warns operators against buying them
less than 2 months after it's announced. The Micron ban applies to major Chinese cos, but impact could be broader. https://www.wsj.com/... via @WSJ Bill Bishop / @niubi : Did they ...
Documents: China's top nuclear weapons research lab, on the US export entity list since 1997, bought 7nm to 14nm Intel and Nvidia chips several times since 2020
Wall Street Journal :
Microsoft is shuttering the Chinese version of LinkedIn and replacing it with a job board; sources say China told LinkedIn in March to better regulate content
LinkedIn cites challenging operating environment, as retreat marks the biggest departure from China by a major tech company in years Source: Official LinkedIn Blog .
Sources: weeks before Didi's US IPO, the Chinese regulator that eventually ordered Didi's app banned had suggested to the company that it delay the listing
Ride-hailing giant, under pressure to reward shareholders, pushed ahead with NYSE listing despite concerns of China's cybersecurity watchdog
Sources: Ant Group is in talks with Chinese state-owned companies to create a credit scoring company that will put Ant's vast data under Chinese control
Sources: China is considering a record fine, exceeding Qualcomm's $975M fine, against Alibaba, which may face softer treatment if it distances from Jack Ma
A look at Biden's efforts to partner with allies to boost key tech sectors and counter China, going beyond Trump-era measures like restricting sales of SMIC
a “choke point technology”—to China. Beijing has plenty of ways to retaliate. https://www.wsj.com/... @baldingsworld : At the risk of pointing out that journalists again don't know...
Sources: Chinese President Xi Jinping, furious about Jack Ma's criticisms of regulators, personally made the decision to stop Ant Group's IPO
Wall Street Journal :