Chinese developers don’t trust Apple — 28 allege monopolistic behavior – China’s latest business and technology news
A law firm in Beijing has filed an antitrust complaint against Apple with China’s powerful National Development and Reform Commission (NDRC) and State Administration for Industry & Commerce (SAIC) for removing the apps of 28 Chinese developers “without detailed explanation and charging excessive fees for in-app purchases,” the Wall Street Journal reports (paywall). A detailed explanation, the case argues, would include responses to developers in Chinese, which Apple does not currently provide.
There has been a torrent of bad news for Apple in China recently, following its decision at the end of July to remove 60 VPN apps from its Chinese app store at the behest of authorities. That decision was widely regarded as a “dangerous precedent” (paywall) and the beginnings of what may turn into a “nightmare” (paywall) for functional foreign business in the Middle Kingdom.
A missing tycoon’s links to China’s troubled Dalian Wanda / NYT (paywall)
NYT reporter Mike Forsythe explains the story on Twitter.
Shares jump 36% for major Chinese conglomerate unit on news of $1 billion deal / Reuters
Wanda sells hotel, theme-park management business to Hong Kong unit / WSJ (paywall)
China sends first ‘unhackable’ message to satellite / FT (paywall)
The FT notes the official publishing in Nature of a paper called “Ground-to-satellite quantum teleportation,” first accepted for publication two months ago, when the experiment initially made a media splash: See Get ready for China’s quantum internet on SupChina.
Capital outflow and currency
Are ATM withdrawals by UnionPay cards under scrutiny in Hong Kong, as they are in Macau? / SCMP
Strong yuan could open door to relaxing currency curbs / NYT (paywall)
“If Beijing wants to attract more foreign money into mainland stocks and bonds, it might be time to start selectively relaxing cross-border curbs.”
China’s smog crackdown roils niche commodities markets / Reuters
Belt and Road
New city rises in Sri Lankan capital on China ‘Belt and Road’ support / Caixin (paywall)
Blockchain could fix a key problem in China’s food industry: the fear of food made in China / Quartz
Chinese authorities crack largest ever online piracy case / TechNode