string(13) "markets-macro"

Macro

September 2, 2021

Bytedance is bailing on its securities business

Today, Bytedance announced that it will sell off its stock quote platform Dolphin Stock and brokerage Squirrel Securities. Why? Reports conflict. One source’s answer: The business wasn’t doing very well: “There has not been much internal will to invest in these products.” No wonder: Do… Username Password Remember Me Forgot Password

Today, Bytedance announced that it will sell off its stock quote platform Dolphin Stock and brokerage Squirrel Securities.
Why? Reports conflict. One source's answer: The business wasn’t doing very well:

"There has not been much internal will to invest in these products."

No wonder: Do...

sources

Caijing: 字节跳动出售旗下证券业务彻底退出该领域

September 2, 2021

Talking about employee protection

Workers of big tech, unite… kind of! Today, Under regulatory pressure to improve employee protections, Didi and JD.com will establish labor unions on behalf of their employees. We saw this one coming back in July, when eight government bodies released opinions on how platform companies should bett…

Workers of big tech, unite… kind of!
Today, Under regulatory pressure to improve employee protections, Didi and JD.com will establish labor unions on behalf of their employees.
We saw this one coming back in July, when eight government bodies released opinions on how platform companies should bett...

sources

Gov.cn: 人力资源社会保障部国家发展改革委交通运输部应急部市场监管总局国家医保局最高人民法院全国总工会关于维护新就业形态劳动者劳动保障权益的指导意见

September 2, 2021

Ooooh, someone’s in troooubblllee

Today, a veritable phalanx of regulators – including the Ministry of Transport, the police, SAMR, MIIT, and the CAC – called 11 ride-hailing companies in for a stern talk. Recap: Since Didi was ordered to stop registering new users pending the results of the cybersecurity investigation into the…

Today, a veritable phalanx of regulators – including the Ministry of Transport, the police, SAMR, MIIT, and the CAC – called 11 ride-hailing companies in for a stern talk.
Recap: Since Didi was ordered to stop registering new users pending the results of the cybersecurity investigation into the...

sources

SCMP: Beijing orders ride-hailing firms to end ‘vicious competition’ as Didi Chuxing’s cybersecurity investigation continues

September 2, 2021

First IDs for the industrial internet

News for super-nerds: On Wednesday, MIIT issued the first-ever official industrial internet identification license. What it is: China’s emerging industrial internet will have its very own DNS system – but instead of matching URLs to IP addresses like DNS does, it will match a new type of human-read…

News for super-nerds: On Wednesday, MIIT issued the first-ever official industrial internet identification license.
What it is: China’s emerging industrial internet will have its very own DNS system – but instead of matching URLs to IP addresses like DNS does, it will match a new type of human-read...

sources

CAICT: 工业互联网标识解析国家顶级节点获工信部签发的首张工业互联网标识服务机构许可证

Gov.cn: 工业和信息化部关于印发《工业互联网标识管理办法》的通知

September 2, 2021

Byte-bye securities

Bytedance is bailing on its securities business. The company will sell off its stock quote platform Dolphin Stock and brokerage Squirrel Securities. Why? Reports conflict. One source’s answer: The business wasn’t doing very well: “There has not been much internal will to invest in t…

Bytedance is bailing on its securities business. The company will sell off its stock quote platform Dolphin Stock and brokerage Squirrel Securities.
Why? Reports conflict. One source's answer: The business wasn’t doing very well:

"There has not been much internal will to invest in t...

sources

Caijing: 字节跳动出售旗下证券业务彻底退出该领域

September 2, 2021

The state-owned cloud is here?

Well, the cat’s out of the bag. The cloud industry is all abuzz with talk about the “State-owned Cloud.” Recap: Last Friday, the Tianjin branch of the State-owned Assets Supervision and Administration Commission (SASAC) issued a directive ordering Tianjin government agencies and SOEs to move their …

Well, the cat's out of the bag.
The cloud industry is all abuzz with talk about the "State-owned Cloud."
Recap: Last Friday, the Tianjin branch of the State-owned Assets Supervision and Administration Commission (SASAC) issued a directive ordering Tianjin government agencies and SOEs to move their ...

sources

Sina: “国资云”搅动云计算市场谁将是最终受益者

Sina: "国资云"来了，阿里、腾讯、华为准备好了吗？

Gov.cn: 关于加快推进国有企业数字化转型工作的通知

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