GUANGZHOU, China — Xiaomi launched a slew of new smartphones on Monday, with one high-end device aimed at international markets as it looks to push into the premium segment and fill the void left by rival Huawei’s troubles. The devices are: Mi 11 Lite and Mi 11 Lite 5G Mi 11 Pro Mi 11 Ultra […] Read more
President Joe Biden on Friday said that Vladimir Putin of Russia and Xi Jinping of China are invited to the global leaders’ climate summit the administration is hosting in April. The president told reporters that he hasn’t directly invited Putin or Xi but said the leaders “know they’re invited” to the summit, an event the U.S. is […] Read more
The United States and Europe pledged deeper cooperation on countering China on Wednesday, with an agreement to start a formal US-European Union dialogue on the issue and a pledge by Nato to close ranks with “like-minded democracies” in the Asia-Pacific region. “We decided to continue meetings at the senior official and expert levels on topics […] Read more
BEIJING — China has recovered so rapidly from the coronavirus pandemic that authorities are pulling back support for the economy more quickly than they did following the 2008 financial crisis, according to Allianz. Back then, massive Chinese stimulus helped boost growth worldwide. This time, China’s focus on tackling problems at home will not provide the […] Read more
Colin Huang, the founder of fast-growing Chinese e-commerce giant Pinduoduo, has resigned as chairman. In a shock move, the company announced on Wednesday that Huang stepped down from the board of directors to explore future growth ideas. Pinduoduo listed on the technology-focused Nasdaq stock exchange in New York in July 2018, just three years after it was […] Read more
A digital artwork sold for nearly US$70 million at Christie’s on Thursday, in the first ever sale by a major auction house of a piece of art that does not exist in physical form. Everydays – The First 5,000 Days is a digital work by American artist Mike Winkelmann, known as Beeple. The JPG file is […] Read more
WASHINGTON – For the first time since President Joe Biden took office, senior U.S. officials will hold high-level, in-person talks with Chinese representatives next week in Alaska. Secretary of State Antony Blinken and National Security Advisor Jake Sullivan will meet in Anchorage, Alaska on March 18 with the People’s Republic of China’s Yang Jiechi, a […] Read more
Bitcoin’s value surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital coin’s price rose on Tuesday and its market capitalization went above $1 trillion in mid-morning trade Singapore time, according to CoinDesk. Bitcoin extended those gains hitting a 24-hour high of $54,348.57 in early afternoon Singapore time, around 7% higher than […] Read more
The Senate on Friday approved by unanimous consent a bill that would increase oversight on Chinese-funded cultural centers, or Confucius Institutes, on university campuses. According to Human Rights Watch, Confucius Institutes “are Chinese government-funded outposts that offer Chinese language and culture classes.” However, some politicians have accused them of spreading propaganda. Sens. Marco Rubio and Marsha […] Read more
Citi thinks bitcoin is at a “tipping point” and could one day “become the currency of choice for international trade” as companies like Tesla and PayPal warm to it and central banks explore issuing their own digital currencies. “There are a host of risks and obstacles that stand in the way of Bitcoin progress,” the U.S. bank’s global perspectives and solutions team […] Read more
