AliExpress is popular in Russia and the bordering nations of the former Soviet Bloc. A lot of drop shoppers source the products from the AliExpress. Russia has its own online marketplace, Wildberries. Last week, Wildberries marketplace announced expansion into Germany.
In late December 2020, China’s State Administration for Market Regulation announced that they have launched an antitrust investigation against Chinese tech giant Alibaba, whose “pick one” policy has received multiple complaints from its competitors over the years.
The “Pick one” policy dates back to 2013 when Alibaba forced online-shop owners to choose only one place to run their business: either they close their shops on Tmall and Taobao, Alibaba’s own platforms, or they exit all other platforms, especially JD, the second biggest platform at that time. Since 2017, JD has been suing Alibaba for its unreasonable policy.
A report by Citigroup reveals that a significant number of ultra-rich Alibaba investors, who are also clients of its firm, rushed to sell its shares in the aftermath of the recent monopoly probe by the Chinese authorities. Shares of the e-commerce giant are weltering due to an anti-trust probe arising from some of its alleged exclusivity requirements.
Founded in 2010, Xiaomi managed to establish itself in China before expanding its international market to the point where it was regularly referred to as the “Chinese Apple”.
With less than 10 years of service, the brand co-founded by several entrepreneurs continues to leverage immense potential, focusing on several products, including smartphones.
Zheng Shuang got famous in China thanks to her leading role in the phenomenal TV series Let’s Watch the Meteor Shower in 2009. She has remained one of the top female celebrities for over a decade without other noticeable works. Her pretty face and bold personality have gained her a rather radical fan base, who always defend her all over the internet whenever there is any negative news about Zheng. But things are different this time.
China’s GDP increased by 6.5% in the last quarter of 2020, completing the year with an annual mark of 2.3%. The figures are courtesy of the official data published on Monday by the National Bureau of Statistics. By recording a positive outturn, China succeeded in turning around a year that began with the coronavirus threatening to become a thorn in its flesh.
The US government announced the implementation of new sanctions against Ukrainian politicians. These politicians are accused of interference in the US elections. The list includes Andrii Derkach, who was a proxy used by Russia to leak the information regarding Joe Biden’s son, Hunter.
Unlike traditional cafés, Paid Study Rooms (PSRs), the name already gives away how it works: people pay to self-study here. Many of them bear the word “dream” in it, like Dream Runner, Dream Seeker or Dream Builder. In this society where competition and hardworking are extensively encouraged, PSR has just started its journey.
China rolled out the new Civil Code. It should be noted, the Civil Code never previously existed in China. The New Code is available here. Furthermore, the Civil Code consists of the 7 chapters and 1260 articles. These chapters include provisions for the property rights, the individual rights, marriage, family the inheritance and the every day offenses.
According to news sources, Nissan has reduced the production of vehicles due to a shortage of semiconductor materials. The Japanese company will decrease development of Note compact cars by 5,000 units in January 2021. Output is anticipated to be decreased starting in February.
Where is Jack Ma? The whole world is wondering what has happened to one of the richest men in China, who used to have a very high profile and now has disappeared for over two months. The founder of Alibaba didn’t even show up in Africa’s Business Heroes as scheduled, a TV show funded by Jack Ma Foundation. Concerns and speculations over his current situation have been circulating in China.
During the opening of the 8th Congress of the Workers’ Party of Korea on Tuesday, North Korea’s leader Kim Jong-un admitted that his government’s policies to rebuild the country’s economy had failed. Kim added that it is necessary to learn from “painful lessons” of the past few years.
Right before the new year, on December 29, Zhang didn’t leave work until 01:30 a.m. While walking home with her colleagues, she suddenly fainted. Even though she was immediately sent to a local hospital in Urumchi, she still passed away six hours later.
The tragedy had been circulating unperceivably on the internet, until it trended on January 3. One day later, on Zhihu, people started to spread a screenshot of a post by the official account of tech giant Pinduoduo:
Elon Musk has recently said that Tesla has only managed to produce marginally more than half of the 500,000 vehicles goal planned for this year. Tesla estimated that it would produce nearly 500,000 vehicles in 2020. In this way, Tesla has announced it has earned money over the last five quarters and has seen its share price increase by over 700% over the past year.
In an interview with official media, Chinese Foreign Minister Wang Yi condemned the Trump administration’s actions to contain China and provoke a new Cold War, saying that this has brought harm to the world. He also hoped that the new administration led by Biden would “regain rationality and reopen dialogue.”
A Hong Kong court on Thursday once again issued an arrest warrant for businessman Jimmy Lai, a notable critic of China who had been granted house arrest on bail. Lai’s case is the first to involve a person accused of violating the new National Security Law, which many see as a test of the territory’s judicial independence.
The United Arab Emirates has become a new hub for shipping companies looking to avoid US sanctions. This is as revealed in a new Reuters investigative report. It divulges how a collective of shipping companies previously embargoed by the US are taking advantage of UAE registration loopholes.
Self-care does not mean taking sweet foods and wearing protecting clothes like face masks, but it means setting aside enough time to put the focus, energy, and resources on yourself. This is important mostly for freelancers who do churn out eye-catching work and usually end up against unresponsive clients and low rates.
Will China get old before it gets rich? This is an important question frequently discussed in China and by its rivals. It’s a matter of national power. The answer, according to most, is Yes. And it is already happening. Statistics from the CIA show that China has the same median age as the US, which is not a good sign for a developing country where the income per capita is not even half the level of a common developed-country.
A Chinese citizen journalist has been sentenced by a court in Shanghai to four years in prison. Zhang Zhan was accused of having reported from Wuhan when the coronavirus broke out in the city, something the Chinese authorities didn’t want exposed. The journalist’s sentencing has been confirmed by one of her defense lawyers, Ren Quanniu.
China admitted that Russia is superior in the defense aerospace. The revelation came during the joint patrolling exercise, which utilized the Russian Tu-95 MS strategic bombers and the Chinese Hong-6S. China is having difficulty with production of the technology.
The Coronavirus pandemic continues to spread around the world. Currently, there are over 80 million infected and over 1.7 million deaths around the globe. At present, over 1% of the global population has been infected with the Coronavirus.
Turkish President Recep Tayyip Erdogan has been contemplating the idea to create the “Turk” military political block. The strategic decision has been made, after interference in the Nagorno Karabakh conflict, which resulted in the gain for the Azerbaijan.
Ding Zhen became famous overnight. On November 11, a 7-second video of him was uploaded to TikTok, in which he simply smiled slowly to the camera. It went viral and trended on many social platforms. Internet users are deeply charmed by his raw beautiful face. But no one could have foreseen how the story would unravel itself.
The US government experienced a massive hack this month. According to the experts the hacked networks would have to be burned. The Washington Post immediately accused Russia of the hack. There are have been reports that hackers also gained access to Microsoft. Most strongly believe that Russia is behind the hack.
US President Donald Trump has blamed the media for sparking unnecessary drama over the recent SolarWinds hack. The intrusion sent shockwaves across the private sector and government organizations when it emerged that over 18,000 clients had been infiltrated by malware embedded in a recent software update.
Russia and China believe that Germany will not be able to upgrade to permanent member status on the United Nations Security Council. Furthermore, a Russian diplomat stated that Russia will not miss Germany when its term expires a the end of this month. The comments came on the heels of a scandal that broke out during the UN Security Council meeting.
Russia has multiple formats pertaining to its own foreign policy. Russia has large ambitions in the Middle East. These interests will be even more clear in 2021. Currently, the Kremlin has three prioritized directions. However, Russia seems to not be as interested in the former Soviet Bloc Asian nations.
Russia continues to strengthen its partnerships with Eurasian nations. The main organizations are the Eurasian Economic Union and the Shanghai Cooperation Organization. The actual “Eurasian” direction of development is mainly manifested in the framework of the integration of the associations and international organizations in which Russia operates.
On Wednesday, the US Treasury Department released a report for the US Congress, entitled “Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.” The report comes from Treasury’s Office of International Affairs. According to the report, Vietnam and Switzerland are involved in currency manipulations.
As per the annual report of the Committee to Protect Journalists (CPJ), the number of journalists detained while in line of duty hit a record high this year. By December 1, the CPJ reported Tuesday there were at least 274 journalists arrested worldwide. The CPJ indicates that number does not include those who were imprisoned and released throughout the year.
The concept of community group buying (CGB) started in Changsha in 2016, when several local supermarkets explored selling daily necessities online. Neighbors of the same residential unit could participate together to make a big order, and the supermarkets would deliver the orders at once in a few days.
“The next Bill Gates will be someone who starts programming as a toddler.”
“In the future, illiteracy means not knowing how to code.”
Recently, many education companies in China offer programming lessons for kids from 4 years old. Such lessons consist in using toy blocks to construct required shapes and interacting with robots. A 40-minute lesson costs about $15, while a full training course usually contains more than 40 lessons.
Joe Biden assured on Saturday that the United States will return to the Paris Climate Agreement “on the first day” of his government. He also said he plans to convene a world summit on the topic in his “first 100 days” at the White House.
In 2008, Li Zhong suspected that his wife, Kang Cuicui, was cheating on him. They had a fight and Kang ran away. She went to a hotel and drank paraquat, an acute toxic herbicide without antidote. Her family was outraged, and Li’s parents had to spend over $15,000 to bury her properly in the family tombs. On November 14, 2020, when they went to clean the tombs, Li found out that Kang’s tomb had recently been dug up and buried again. They called the police and opened the coffin, only to find nothing inside but a big red carrot.
The UN Climate Summit is being held online with the participation of more than 70 world leaders as the effects of fossil energy use, deforestation, forest burning, ocean pollution and human conflict with nature become more apparent than ever. During this pandemic, they are also saving carbon emissions by conducting their meeting online.
The experts predict new sanctions will be laid against Russia within a year. The predictions are based on Joe Biden favoritism to the Ukraine. Ukraine has been vocal to remove Russia from the Swift payment system. SWIFT is a vast messaging network used by banks and other financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions.
The Covid pandemic has greatly reduced social interactions in the real world, which becomes a big opportunity for online dating apps. They not only survived but thrived during this difficult time. However, you never know who is on the other side of the phone. In China, internet fraud is living its life this year.
US Secretary of State Mike Pompeo warned business leaders that the United States will treat Hong Kong like other cities in mainland China. Hong Kong Chief Executive Carrie Lam jumped out to argue that Hong Kong’s status as a global trade and financial center will not change.
“Every morning when I get on the subway, I feel like a pig on a slaughterhouse truck, waiting to be sacrificed.” Hu Yun spends over three hours each day on commute. In Beijing, she’s far from alone.
According to a report by Alipay, Beijing is the earliest city in China to wake up. Millions of people have to get up at 5 am when it’s still dark outside, rushing into the center of Beijing and then coming back at night. It’s Beijing’s tide. The average commute there surpasses half a marathon. “Just getting to the company already takes away all my energy. What is spare time? When I get home I only want to lie down because it’s almost midnight.”
The engineers from China announced the new work pertaining the new quantum computer Jiuzhang. The Chinese developers claim that the new quantum computer takes close to 200 seconds to complete the calculations. According to the published research, it is supposedly the fastest computer in the world.
On December 4, Beijing Daily, the official newspaper of the Chinese Communist Party Beijing Municipal Committee, posted on Weibo an article titled “The Young Generation that Got Stuck in Huabei.” According to a study, there are 175 million people born between 1990 and 1999 in China, the so-called “post-90s.” Only 13.4% of them claim that they avoid any debt, while 86.6% have tried credit products, the most popular ones being Huabei and Jiebei, two credit services offered by Ant Group.
The United States imposed sanctions on Chinese state-owned company China Electronics Import and Export Corporation (CEIEC) on Monday, accusing it of supporting Venezuelan President Nicolas Maduro’s attempts to restrict internet access and conduct digital surveillance of the regime’s political opponents, undermining democracy.
A law issued by the United States in 1999 required the Pentagon to compile a list of “Chinese military industrial enterprises” “owned or controlled” by the People’s Liberation Army, but the US Department of Defense did not comply with it until 2020. The Trump administration will not change its tough style towards China.
The Russian scientists from the A.N. Kosygin State University developed new revolutionary 3D printing technology specifically geared for the fashion industry. A. N. Kosygin Moscow State Textile University was formed as Moscow State Textile Institute in 1919. It is one of the oldest institutes for higher studies in textiles in Russia.
The Ministry of Commerce of China made a preliminary ruling on the Australian wine anti-dumping investigation, stating that “there is dumping of imported wines originating in Australia.’ Per the announcement, starting from November 28, a tariff of 107% to 212.1% will be imposed on wine imported from Australia in the form of a deposit.