Tag: China
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Another quick delivery startup is struggling to keep its doors open. Beijing-based Missfresh is fighting huge losses and accounting irregularities. From a report that broke this weekend in the Financial Times: Tiger Global-backed grocery delivery start-up Missfresh is fighting to survive as it shuts operations across China, wallows in an…
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Never miss a post…subscribe! Citadel made a major loan to a Chinese surveillance company in 2006. This shadowy company, which doesn’t even appear to have a website, has sold surveillance equipment to China’s Communist government. From a new report from Crain’s Chicago Business: …in 2006, Citadel loaned $110 million to…
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+ CCP, China, Citadel, Communism, Finance, Hedge funds, Investing, Money, Reddit, Stock Market, Stocks, Tech, Wallstreetbets+
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Never miss a post…subscribe! On a quiet block just south of bustling 42nd Street, my wife and I ducked into a doorway and disappeared. This isn’t a spy novel. But it is an incredible lunch. Hunan Manor in midtown Manhattan serves outstanding Chinese food firmly rooted in the traditions of…
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You just went to a protest marking the anniversary of the Tiananmen Square massacre. You were scared, but you went. You wore a mask and took a winding route home. No one could have seen you. You arrive home to your Hong Kong apartment and decide to check your bank…
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A massive Chinese property developer is teetering on the edge of bankruptcy, roiling markets worldwide today: Worries about spreading contagion from troubles in China’s property market sent U.S. stocks toward their steepest declines in months on Monday. The retreat came amid concerns over property developer China Evergrande Group. Market participants…
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A wiry young man takes a small baton of dough from a tub. He flattens it and gives it a little stretch. Then, he quickly yanks it out to a length of several feet and dramatically slaps it back down. Whack, whack! This is Very Fresh Noodles in New York…
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+ China, Chinese Food, Delicious, Dining, Eating, Eating out, Manhattan, New York City, Nom, Restaurants, Yum+
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China’s government has just launched the latest salvo against its own technology industry: China on Monday issued strict new measures aimed at curbing what authorities describe as youth videogame addiction, which they blame for a host of societal ills, including distracting young people from school and family responsibilities. The new regulation,…
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Imagine you’re running a marathon. You’ve led the whole race. But a strong runner is coming up on your right. The finish line approaches. Suddenly, there is a loud “crack.” The other runner has been shot in the head. You win. This is essentially what has happened to the Chinese…
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China’s government has launched a severe crackdown on its leading tech companies. Didi Chuxing, the equivalent of Uber, has been removed from app stores and ed tech companies are now required to be nonprofit, likely wiping out their investors. A major index of Chinese tech stocks is down over 40%…
Tremendous 