Tag Archives: China

Kazakhstan plans to ration power over winter to 50 registered crypto miners as illegal miners and mass relocations from China cause blackouts across the country (Martha Muir/Financial Times)

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Martha Muir / Financial Times: Kazakhstan plans to ration power over winter to 50 registered crypto miners as illegal miners and mass relocations from China cause blackouts across the country  —  Illegal miners and mass relocations after a ban on crypto mining in China have overloaded energy grid Source link

LinkedIn’s Exit From China Cuts Another East-West Bridge

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For Chinese regulators, even a censored US-based social network was too much. Microsoft ​said Thursday it would cease operating its work-oriented social network LinkedIn within China by the end of the year. In a statement, the company cited a “significantly more challenging operating environment and greater compliance requirements in China.” The announcement is a symbolic […]

Microsoft shutting down LinkedIn in China

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It’s hard to pinpoint whether LinkedIn’s move was driven by the pressure from China, or that from the US. It could be both, as the Chinese government has been tightening its grip over the internet, and meanwhile, LinkedIn has drawn growing criticism in America for bowing to Beijing’s censorship rules. Source link

US to host a two-day virtual event from Wed. on ransomware with 30 countries, except Russia and China; source says Russia isn't invited "for a host of reasons" (Martin Matishak/The Record)

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Martin Matishak / The Record: US to host a two-day virtual event from Wed. on ransomware with 30 countries, except Russia and China; source says Russia isn’t invited “for a host of reasons”  —  The Biden administration did not invite Russia to participate in the first meeting of a global effort to combat cybercrime … […]

JD.com warns of weak consumption demand in China in the second half of its fiscal year, after reporting a 25.5% YoY rise in net Q3 revenue to ~$34B (Reuters)

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Reuters: JD.com warns of weak consumption demand in China in the second half of its fiscal year, after reporting a 25.5% YoY rise in net Q3 revenue to ~$34B  —  China’s JD.com Inc on Thursday warned that slowing consumption amid higher input costs could hurt business in the second half of its fiscal year … […]

China hints its regulatory crackdown on tech may be ending as its financial regulator says he expects significant progress in regulation of fintech by year end (Shiyin Chen/Bloomberg)

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Shiyin Chen / Bloomberg: China hints its regulatory crackdown on tech may be ending as its financial regulator says he expects significant progress in regulation of fintech by year end  —  – More than half of proposed fintech fixes have been implemented  — Remarks add to optimism that tech crackdown is near end Source link