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Business and Tech

The top news stories, headlines, and related content from the world of Chinese business and tech. SupChina is your premier source for China news.

Disney’s streaming wunderkind joins TikTok

Kevin Mayer, who transformed Disney into a streaming powerhouse, is leaving to become the CEO of TikTok, a Chinese social…

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Meat shortages in U.S. stores and booming exports to China lead to scrutiny in Washington

Last month, Oklahoma representatives Frank Lucas and Marcia Fudge introduced the Agricultural Security Risk Review Act, which would make the…

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Tesla borrows more than half a billion dollars from Chinese state bank

China is loaning Tesla more than half a billion dollars to expand its Shanghai car manufacturing plant, the company disclosed…

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The Indianapolis-Shanghai partnership that could develop an effective COVID-19 remedy

Li Shengli via Reuters American pharmaceutical company Eli Lilly & Co., based in Indianapolis, Indiana, is partnering with Shanghai Junshi…

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Will China control the global internet via its Digital Silk Road?

Will Beijing use the Digital Silk Road  — the technology sidekick to the Belt and Road Initiative — to grow…

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Shanghai Disneyland reopens next Monday — first Disney park in the world post-COVID-19

Shanghai Disneyland — Reuters / Xia Lei Shanghai Disneyland was the first of Disney’s theme parks to close on January…

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China’s satellite launches slow down but crewed spaceflight is ready for liftoff

China’s stated goal of conducting more than 40 orbital space launches across 2020 appears to have suffered a major setback…

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Facebook goes quiet on Libra, as China prepares to launch world’s first official digital currency

As Facebook’s planned payment system, Libra, flounders, China has become the first country to test an official digital currency that…

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Dangdang’s divorce saga continues as co-founder Li Guoqing steals company seals

Lǐ Guóqìng 李国庆 and Yú Yú 俞渝 co-founded Chinese ecommerce platform Dangdang.com as a couple in 1999. They announced their…

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Chinese real estate investment in the U.S. comes to a standstill

The coronavirus has brought the U.S. real estate industry to a standstill, with deals stalled and showings canceled, and it…

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More than 240,000 Chinese companies declare bankruptcy in the first two months of 2020

While the full economic impact of the coronavirus outbreak on China’s economy is still uncertain, popular business writer Wu Xiaobo…

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The quiet, public failure of China’s new Long March rocket

On March 16, China launched the first Long March 7A, a rocket that could become the main vehicle for sending…

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China’s delivery services have saved the country’s F&B industry during COVID-19

Photo by Anthony Tao Ellen Xu (徐子画 Xú Zihuà), the owner of a Hangzhou-based neighborhood bar called Chimney, has seen…

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Macau’s epidemic-stricken casino economy exposes a decade of failed policy

Photo by Billy H.C. Kwok (Bloomberg/Getty Images) Macau’s casino-driven economy is in dire straits. If only it diversified when it…

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Will China’s government-controlled cloud rain on fintech innovation?

The Chinese government has demonstrated a willingness to innovate in the financial services technology sector. For example, the People's Bank…

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