China releases new rules on game approvals

SHANGHAI (Reuters) – China’s press and publication regulator has issued new rules on applications for publishing online games in China, signaling a possible acceleration in the handing out of formal approvals. China stopped granting licenses to monetize online games in March 2018, hurting the industry and developers such as Tencent Holdings Ltd and NetEase Inc. It started up approvals again […]

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Tencent wins key approval to sell Nintendo's Switch in China

BEIJING/TOKYO (Reuters) – China’s Tencent has won a key approval to start selling the Nintendo Switch in the country, paving the way for the console to enter the world’s largest video games market two years after it was first released worldwide. Authorities in the southern Chinese province of Guangdong gave the green light on Thursday to Tencent Holdings to distribute […]

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First Cobalt targets Canada plant restart within two years: CEO

SHANGHAI (Reuters) – First Cobalt Corp aims to restart an idled cobalt refinery in Canada within two years and is in talks to supply the battery-grade product to four leading automakers, chief executive Trent Mell said on Wednesday. The Toronto-based company is planning a $30 million revamp of the plant, located in the appropriately named town of Cobalt, Ontario, which […]

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China weighs ban on bitcoin mining

SHANGHAI/HONG KONG — China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously […]

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U.S. says will not send high-level officials to China's Silk Road summit

WASHINGTON (Reuters) – The United States will not send high-level officials to attend China’s second Belt and Road summit in Beijing this month, a U.S. State Department spokesman said on Tuesday, citing concerns about financing practices for the initiative. China’s top diplomat, Yang Jiechi, said on Saturday that almost 40 foreign leaders would take part in the summit due to […]

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US carmakers fear losing business in China

Car manufacturers from the United States are concerned rising trade tensions with Beijing could damage their plans in the world’s largest auto market. Amid deepening trade tension between China and the United States, one of the world’s biggest annual car shows has opened in Beijing. The exhibitors include major US car manufacturers who are concerned the current friction could damage […]

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Alibaba sues Dubai's Alibabacoin

Alibaba accused Alibabacoin of using its ‘single-minded focus’ to capitalise on plaintiff’s reputation. A Dubai-based cryptocurrency company called Alibabacoin Foundation has rebuffed allegations of trademark infringement brought against it by the giant Chinese online retailer Alibaba Group Holding in a US lawsuit last week. Hours after the lawsuit was filed, US District Judge Kimba Wood issued a temporary restraining order […]

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China parliament scraps presidential term limits

Sunday’s National People’s Congress votes to abolish term limits, allowing President Xi Jinping to rule indefinitely. China’s parliament has scrapped presidential term limits, paving the way for President Xi Jinping to rule indefinitely over the world’s most populous country. Out of 2,963 delegates at the annual session of the National People’s Congress, 2,958 voted “yes” to changing the Constitution on […]

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China and North Korea confirm Kim Jong-un visit to Beijing

Kim Jong-un ready to give up nuclear weapons if S Korea, US respond ‘with goodwill’, Beijing says after landmark visit. North Korean leader Kim Jong-un has pledged to denuclearise the Korean Peninsula during his first meeting with Chinese President Xi Jinping in Beijing, according to China’s state news agency. Xinhua on Wednesday quoted Kim saying that the issue could be […]

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Dominican Republic president meets with delegation from China, deepening ties

SANTO DOMINGO (Reuters) – Dominican President Danilo Medina met Chinese Vice Premier Hu Chunhua on Monday, the president’s office said, deepening ties between the countries as the United States warns governments in the region against getting too close with China. The leaders met to follow up agreements that the countries struck in November and also reached two new accords on […]

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