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For years, China's music streaming market was notorious for its pirated content. After the government banned unlicensed products, China has become the second-largest streaming market after the USA. Beijing's competition regulators have meanwhile put a stop to Tencent's monopoly. Now, the effects of this regulation are beginning to manifest.
By Frank Sieren
After three years under Canadian house arrest, Chief Financial Officer and the founder's daughter Meng Wanzhou is granted the big stage at Huawei's annual press conference in Shenzhen on Monday. Aside from this defiant statement to Ottawa and the United States, Meng presented a whopping corporate profit for the controversial network equipment supplier for the year 2021.
By Frank Sieren
Russia's invasion of Ukraine poses problems for Europe's energy supply. One hope rests on the expansion of wind energy. Chinese suppliers of wind turbines are offering to supply on a grand scale. This brings back memories of the photovoltaic debacle. But the European wind industry is better prepared than the solar industry was.
By Nico Beckert
Despite abundant evidence of Evergrande's bankruptcy, a formal filing for bankruptcy remains nowhere in sight. A rescue plan is to be presented by mid-year. The creditors' bankruptcy petitions were apparently unsuccessful. Speaking with Christian Domke Seidel, lawyer Elske Fehl-Weileder explains the underlying reasons.
By Christian Domke Seidel