DIRS.INFO The most relevant business & tech news

☆ China’s censorship is among the toughest in the world. So why did it let Kanye West play?
▼ + stars: | 2024-10-12 | by ( Chris Lau | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —It seemed like an unlikely stage for Kanye West to unveil his new music. Music fans cheer during Kanye West's Vultures Listening Experience at Wuyuan River Stadium on September 15, 2024. One of the fastest-growing in the world, China’s music market became the fifth-largest market globally in 2022, according to IFPI, a trade body for the recorded music industry. China’s recorded music revenues grew 28.4% in 2022 from the year prior, compared with the global market rise of 9%, IFPI said. Bieber “engaged in a series of bad behaviors, both in his social life and during a previous performance in China,” China’s Ministry of Culture announced in 2015, without going into details.

Persons: –, Ye –, Ye, ”, Luo Yunfei, Xi Jinping, China “, Chen Dan, Mariah Carey, John Legend, Charlie Puth, Chen, Kanye, ” Chen, “, Ye’s, China’s, Hung Ho, fung, Bon, Jovi’s, Lama, Justin Bieber, Jay, Lady Gaga, Bieber “, Culture “, Ho, Johns Hopkins, it’s Organizations: Hong Kong CNN, Kanye, Communist Party, German, Adidas, Sports, Chinese Communist Party, China News Service, University of, Travelers, Xinhua, Kanye West, Visual China, Johns Hopkins University ., Oasis, China’s Ministry of Culture, Ministry, Culture, China, Nanjing University, China Daily, University of Richmond Locations: Hong Kong, China, Hainan, Hainan’s, Haikou, Beijing, Shanghai, “, Tokyo, British, Asia, Nanjing, Johns

☆ Cautious Chinese travelers are taking more last-minute trips as economy struggles
▼ + stars: | 2024-09-10 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

HAIKOU, CHINA - SEPTEMBER 08: Passengers wait in line to check in at Haikou Meilan International Airport on September 8, 2024 in Haikou, Hainan Province of China. (Photo by Luo Yunfei/China News Service/VCG via Getty Images)Chinese travelers are taking more last-minute trips as they become more cautious with spending amid a lackluster economic recovery. Travelers are planning trips closer to departure as they try to "take advantage of last-minute deals," economists at Oxford Economics told CNBC, noting a shift in consumer preferences where "modern travelers prefer spontaneity in their travel plans." Chinese consumers have become more frugal on everything, from groceries to travel, as the world's second-largest economy grapples with a protracted property crisis and high unemployment. "While people still want to go on holiday, sentiment regarding incomes and consumption remains low," according to economists at Oxford Economics.

Persons: Luo Yunfei, Anthony Caputano, Patrick Body Organizations: China News Service, Getty Images, Marriott International, Bank of America, Lodging Conference, Oxford Economics, CNBC, Cheung Kong Graduate School of Business Locations: HAIKOU, CHINA, Haikou, Hainan Province, China

☆ Rapper Ye is set to perform a controversial show in China this week — and many are wondering why
▼ + stars: | 2024-09-10 | by ( Serenitie Wang | ) www.cnbc.com time to read: +4 min

"This is Hainan trying hard to forge its branding as an international destination," said Michael Zhou, founder of Jingjian, a consultancy specializing in China tourism. The tropical island of Hainan, dubbed the "Hawaii of China," has long been a top travel destination for domestic tourists. According to Zhou, the bulk of Hainan's tourism income comes from hotel stays and duty-free shopping. "As it is the largest duty-free channel in China, Hainan's duty-free sales decline is inevitable," said Charlie Chen, head of Asian Research at China Renaissance, a financial institution. Ye and the China connectionCDF Haikou International Duty Free City is one of many duty-free malls on the Chinese island of Hainan.

Persons: Du, Ye, Michael Zhou, Zhou, netizens, Ye's, Charlie Chen, Hainan's, Luo Yunfei Organizations: straitlaced Communist Party, Communist, Hainan's Provincial, of Statistics, Haikou, Asian Research, Duty, China News Service, Getty Locations: Hainan, Shanghai, China, Weibo, Beijing, Ye, Hawaii

☆ China’s Chang’e-6 moon probe stands by for launch as space race with US heats up
▼ + stars: | 2024-05-02 | by ( Simone Mccarthy | Marc Stewart | ) edition.cnn.com time to read: +6 min

China’s planned 53-day mission would see the Chang’e-6 lander touch down in a gaping crater on the moon’s far side, which never faces Earth. China became the first and only country to land on the moon’s far side during its 2019 Chang’e-4 mission. Ambitious missionThe Chang’e-6 probe will be a key test for China’s space capabilities in its effort to realize leader Xi Jinping’s “eternal dream” of building the country into a space power. This time, to communicate with Earth from the moon’s far side, Chang’e-6 must rely on the Queqiao-2 satellite, launched into lunar orbit in March. This time, China has said the Chang’e-6 mission will carry scientific instruments or payloads from France, Italy, Pakistan and the European Space Agency.

Persons: China’s, “, Ge Ping, Xi Jinping’s, James Head, Luo Yunfei, Bill Nelson, –, ” Nelson Organizations: Hong Kong CNN, China, Space Administration’s, of Lunar Exploration, Space Engineering, Brown University, China News Service, Luna, NASA, European Space Agency Locations: China, Hong Kong, Hainan, United States, Russia, Chang’e, India, Japan, Texas, France, Italy, Pakistan

☆ The US, Russia and China are in a race to dominate new-wave nuclear energy — and win global influence
▼ + stars: | 2024-02-01 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +12 min

Russia's floating nuclear power plant, Akademik Lomonosov, leaving the service base Rosatomflot on August 23, 2019. For some experts, nuclear energy — in all forms, large or small — has an important role to play in that transition. Globally, the construction of conventional nuclear power plants dipped following the Chernobyl meltdown in 1986. Russia has already built or designed nuclear plants — the traditional type — for China, India, Bangladesh, Turkey, Slovakia, Egypt and Iran. “It certainly dampens the excitement abroad,” said John Parsons, a senior lecturer at MIT and a financial economist focused on nuclear energy.

Persons: Akademik Lomonosov, Biden, Lomonosov, Maxim Shemetov, “ There’s, ”, Josh Freed, China —, Vladimir Putin’s, Bill Gates ’, Luo Yunfei, Kirsten Cutler, they’re, Cutler, ” Cutler, They’re, John Parsons, John Kerry, Thomas Mukoya, Way’s Freed, “, ” Parsons, Mohammed Hamdaoui, ” Hamdaoui, “ It’s Organizations: CNN, Reuters, European Union, International Energy Agency, Energy, World Nuclear, IEA, US, SMR, US Export, Import Bank, International Development Finance Corporation, GE Hitachi Nuclear Energy, China, Changjiang, China News Service, Nuclear Energy, US State Department, “, MIT, InfluenceMap, The State Department, Nuclear Regulatory Commission, NRC, Rystad Energy Locations: Alaska, Russian, Russia, China, European, Japan, India, South Korea, Europe, Dubai, America, Poland, North Carolina, Southeast Asia, Bangladesh, Turkey, Slovakia, Egypt, Iran, Lomonosov, Siberia, Russia’s, Washington, Bill Gates ’ TerraPower, Wyoming, Changjiang Li Autonomous County, Hainan province, United States, Oregon, Idaho, United Arab Emirates

☆ China resorts to extraordinary measures to soothe entrepreneurs amid deep retreat of private business
▼ + stars: | 2023-04-17 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —After years of regulatory crackdowns and draconian Covid curbs, private entrepreneurs in China are low on enthusiasm. If anything, the private sector seems to be retreating even more so far this year. State-led investment surged 10.5%, while private investment increased a mere 0.8%. In 2022, state investment rose 10.1%, while private investment ticked up 0.9%. “We always regard private enterprises and private entrepreneurs as people on our own side,” Xi said.

Multiple experts identified the presence of malware on the Pinduoduo app that exploited vulnerabilities in Android operating systems. Evidence of sophisticated malware in the Pinduoduo app comes amid intense scrutiny of Chinese-developed apps like TikTok over concerns about data security. Pinduoduo has previously rejected “the speculation and accusation that Pinduoduo app is malicious.”CNN has contacted PDD multiple times over email and phone for comment, but has not received a response. Google Play is not available in China, and Android users in the country download their apps from local stores. Engineers also found their access to big data, data sheets and the log system revoked, the source said.

☆ Airfares across Asia are sky-high this year. Here’s why
▼ + stars: | 2023-03-24 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

But passengers in Asia Pacific are currently grappling with bigger price jumps than other regions, highlighting the uneven global recovery. Economy fares to Asia from North America and Europe are set to rise 9.5% and 9.8% this year from last year, respectively, Amex GBT forecasts show. “In the markets where restrictions have been the last to lift, and hence [flight] capacity last to be restarted, the difference in fares is the highest,” said Aitken. Despite China’s reopening, outbound flight capacity “is currently only at 15% to 20% of pre-Covid levels,” according to Trip.com (TCOM) CEO Jane Sun. The restrictions have remained, and those most heavily impacted are between Asia and North America or Europe.

Search resuls for: "Luo Yunfei"

8 mentions found