Singles’ Day breaks online sales records as Alibaba faces new regulations
12 November 2020 | 7:00 am
The online retail event known as Singles' Day has seen record-breaking sales, worth over €47 billion, on sites owned by China's Alibaba. The spending spree comes as Alibaba and other Chinese tech firms face new regulations from Beijing, designed to prevent unfair competition in the sector. Also, we look at the legal challenge being mounted by TikTok in the United States against executive orders forcing a restructuring of its ownership. A deal agreed with Oracle and Walmart is still awaiting approval from the US government.
20 Nov 2021
Although the virtual meeting between the US and Chinese leaders did not lead to any big breakthroughs, both sides expressed willingness to cooperate on "guardrails" to prevent competition from turning into catastrophe.
20 Nov 2021
"Spiritual opium" is how the Chinese brand video games. After a tightening of the noose around the industry and rules at the start of the school year that limit screen time for teens to three hours a week, Fortnite has announced that it is folding. Three years on and one billion dollars spent, the popular survival game never got regulatory approval, despite the financial backing of Chinese tech giant Tencent. So what is the matter with Fortnite?
19 Nov 2021
Two Philippine boats carrying food supplies for soldiers to the disputed Second Thomas shoal were blocked by the Chinese coast guard, who allegedly fired water cannons on them. No injuries were reported in the incident.
China said it took the punitive step after self-ruled Taiwan opened a de facto embassy in Lithuania.
22 Nov 2021
Chinese officials ordered some of the country's biggest companies — including Alibaba, Tencent and Baiidu — to pay fines for failing to report corporate acquisitions over the past eight years.
President Joe Biden has invited 109 countries to the virtual summit which will take place on December 9 and 10. China said adding Taiwan to the guest list was a "mistake."
China's post-COVID recovery has been hurt by Beijing's crackdown on real estate and tech giants. Strong exports have, until now, saved the economy but what happens when global demand for Chinese goods slows?
East Africa has been ramping up efforts to expose its citizens to Chinese culture - particularly through language. In Kenya Mandarin is offered as a selective language in the national curriculum, while in Uganda it’s now a compulsory subject in some schools. But is this simply an exchange of cultures, or is there more to it?
Chinese real estate giant Evergrande, saddled with around $300 billion in debt, has been struggling to meet interest payments on its loans. If it collapses, some of its partner firms could be driven to bankruptcy, prospective homebuyers could lose deposits and some banks would lend less money, which would lead to a credit crunch in the world's second-biggest economy. Property developers in China have in fact created an oversupply: there is enough empty property in the country to house more than 90 million people. FRANCE 24's team reports.
The EU Commission on Wednesday (1 December) unveiled its plan to invest €300bn by 2027 in global infrastructure in digital and climate projects - as an alternative to China's Belt and Road initiative.
The governing body of women's tennis took the decision after Peng made an allegation of sexual abuse against a Chinese official. WTA chairman Steve Simon said he worried about player safety at tournaments in China.
Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.
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The Ukrainian government has been unable to collect taxes since Russia's invasion, and now international support aims to prop up its budget.
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She is the first woman to hold the position in over 30 years. French President Emmanuel Macron and Borne were expected to appoint the full government within days.
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American military leaders said the soldiers would help counter the Islamic extremist group al-Shabab in the Horn of Africa country.
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Elisabeth Borne has been appointed France's new prime minister. The former transport, ecology and labour minister faces numerous challenges, with the most pressing priority being helping French households with the soaring cost of living. She will also need to tackle the thorny issue of pension reform as well as steer the country through a major energy transition. Plus, Moscow residents display mixed feelings after US fast food giant McDonald's announces it's pulling out of Russia for good.
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Researchers from the US and France say that having more than 2 kids could have a negative effect on late-life cognition. The researchers analyzed data from the Survey of Health, Aging and Retirement in Europe (SHARE).
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In the French region of Burgundy, home to the city of Dijon, it's not just the grapes that are famous. The region's other star fruit is the blackcurrant. A whole market has emerged based on the cultivation of this small berry. Today, the precious black fruit is transformed in many ways. Its best-known use in France is in the production of the famous liqueur known as crème de cassis, but blackcurrant is also used in cooking and even in the cosmetics and pharmaceutical industries. We take a closer look.