2022-07-28

The Cyberspace Administration of China (CAC) fined ride-hailing company Didi Global RMB8bn (USD1.2bn) for violating cybersecurity and data regulations, as reported by the Paper on July 21. Cheng Wei, Didi's CEO and Founder, and Jean Liu, Didi's President, were each fined around CNY1m (USD150,000) as individuals...

South Korea’s major chemical firm Lotte Chemical [011170:KS] and Japanese trading house Itochu [8001:JP] will team up in businesses including ammonia trading, ammonia infrastructure utilization, and hydrogen-ammonia market development, as reported by the Korea Economic Daily on July 22. Lotte Chemical will combine its ammonia...

China’s Ministry of Industry and Information Technology (MIIT) is pushing for the standardization of fast-charging technology, aiming to make Type-C interface the common charging port for mobiles and all electronic devices, as reported by Sina on July 22. According to Wang Peng, an official from...

China’s Ministry of Transport (MoT) issued a document on July 22 requiring the transportation authorities of all cities to collect license information of online ride-hailing platforms, their vehicles, and their drivers and upload these data to the united industry platform for real-time sharing, as reported...

British asset management company Schroders [SDR:LN] and the US non-profit Conservation International will jointly launch a nature-focused venture capital firm in Singapore named Akaria Natural Capital, as reported by Reuters on July 25. Akaria Nature Capital will be one of the first fund managers in...

Two Pizza Hut outlets in Beijing's Fengtai and Haidian districts have been closed due to food safety concerns, as reported by Nikkei Asia on July 22. According to an undercover report, the two outlets continuously reused cooking oil and placed fake expiration dates on food...

en_USEnglish