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On the campaign trail, he said Taiwan should pay the US for protection. But a second term for President-elect Donald Trump raises uncomfortable questions for Taiwan at a moment of mounting risks. Advertisement"I think, Taiwan should pay us for defense," Trump told Bloomberg Businessweek in June. Advertisement"There could well be a demand for Taiwan to 'pay' more for its own protection and perhaps to invest in the United States. "The good news for Taiwan is that Taiwan has bipartisan support in the US Congress," Chin said.

Persons: Donald Trump, —, Lai Ching, Lai, Trump, Tsai Ing, Wen, Xi Jinping, he's, Chong Ja Ian, Biden, Abrams, Benjamin Blandin, Blandin, James Chin, Chin, Zhu Fenglian, Zhu, Taiwan's, Ting Yeh Organizations: Service, Taiwan, US, Bloomberg Businessweek, Wall Street, National University of Singapore, Pentagon, Air Missile Systems, Patriot, Yokosuka Council, Pacific Studies, Trump, University of Tasmania, China's Taiwan Affairs Office, Taiwan Watch, Nikkei, China Locations: Taiwan, Beijing, Taipei, China, United States, Yokosuka, Asia, Wall Street, Silicon Valley, Nikkei Asia, Ukraine

☆ Insider Today: Young men's new obsession
▼ + stars: | 2024-10-26 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

This week's dispatchThe New York Liberty celebrated their WNBA championship with a victory parade. In June, it was reported that the New York Liberty had the third-highest value in the league ($130 million), and brought in the most revenue last year ($18 million). Wu Tsai made a series of key investments that have paid off. AdvertisementAfter building out a state-of-the-art locker room, Wu Tsai focused on filling out an all-star bench. AdvertisementMore of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Sarah Stier, it's, they've, Clara Wu Tsai, Joseph Tsai, Wu Tsai, Breanna Stewart, Gris Osses, Edmon De Haro, Elvis Presley's Graceland, Chelsea Jia Feng, Leila Najafi, she's, They're, Valentin Tkach, Josh Hartnett, Tyler Perry's, Bruce Springsteen, Rebecca Zisser, Taylor, she'll, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, New York Liberty, New York, Financial, Minnesota Lynx, WNBA, Liberty, Barclays Center, BI, Warner Bros, Netflix Locations: York, Brooklyn, honeymoons, Canada, New York City, New York, Chicago

☆ Liberty oust Lynx in overtime of Game 5 to capture first-ever WNBA championship
▼ + stars: | 2024-10-20 | by ( Sabreena Merchant | Ben Pickman | ) www.nytimes.com time to read: +8 min

NEW YORK — At long last, the New York Liberty are WNBA champions. Sunday’s Game 5 between the Liberty and Minnesota Lynx was far from New York’s most aesthetically pleasing game of the season, but style points aren’t awarded in winner-take-all affairs. But Stewart avenged the pair of free throws she split in the waning seconds of Game 1 to send Game 5 into overtime. THE NEW YORK LIBERTY HAVE THEIR HARDWARE 🏆 pic.twitter.com/WGZgqsp68A — WNBA (@WNBA) October 21, 2024Sunday’s championship is the culmination of a plan years in the making. That winter, general manager Jonathan Kolb had targeted three All-Star players he hoped to add to the Liberty’s roster: Stewart, Jones and Courtney Vandersloot.

Persons: Sabrina Ionescu, Jonquel Jones, Breanna Stewart, Sabally, Ionescu, Stewart, Sandy Brondello, Jones, Leonie Fiebich, Minnesota wouldn’t, Napheesa Collier, Fiebich, —, egan, lara, ines, rena, dore, rade, ake, oster, hough, ince, alf, VP., herman Organizations: New York Liberty, Liberty and Minnesota Lynx, Liberty, WNBA, New York, Barclays Center, Lynx, ust, eads Locations: New, York, New York, Minnesota

☆ CNBC Sport: Shams Charania on joining ESPN and life after Woj
▼ + stars: | 2024-10-10 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +21 min

Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said. They worked together at Yahoo Sports before becoming rivals, only for Charania to eventually take over for Wojnarowski at ESPN. Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said.

Persons: Alex Sherman, Shams, Adrian Wojnarowski, Charania, FanDuel, Jimmy Pitaro, It's, Pat McAfee, Wojnarowski, I'm, Jim Rome, I've, he's, that's, He'll, I'd, Adam Silver, Bob Kraft, Jessica Berman, CNBC's Jessica Golden, Craig Kilborn, Colin Neville, Jim Ratcliffe, Joe Tsai, Colin, Neville, dealmaking, We've, CNBC's Contessa Brewer, Jim Allen, Adam Greenblatt, isn't, Tiger Woods, Tigeraire, Woods, CNBC's Lillian Rizzo, Rudy, Rudy Ruettiger, Kevin Mayer, Tom Staggs, Read, Yahoo's Ross Dellenger, we've, Woody Johnson, Woody Johnson —, Johnson, Robert Saleh, Derek Jeter, Shams Charania, Raine Organizations: CNBC, ESPN, FanDuel TV, The, ESPN TV, Worldwide, Sports, NBA, Yahoo Sports, Wojnarowski, Yahoo, I'm, NFL, Miami Dolphins, Buffalo Bills, Los Angeles Chargers, Dolphins, New England Patriots, National Women's Soccer League, Chelsea Football Club, Manchester United, Brooklyn Nets, Premier Lacrosse League, Youth, NCAA, UFC, CNBC Sport, Rock, Seminole Gaming, U.S . Patent, Sun, QVC, Notre Dame, Disney, Candle Media, SEC, Big Ten, ACC, Jets, Apple, Hollywood, Diamond Sports Group, Bally Sports, Wildcats, College Football, Sinclair, Raine Group Locations: Raine, DraftKings, U.S, Las Vegas, Florida, Tigeraire, Northwestern

☆ Taiwan's president is doubling down on sticking it to Beijing, saying China can't be the 'motherland' because its government is younger
▼ + stars: | 2024-10-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Lai Ching-te on Sunday said it's "impossible" that China would become Taiwan's "motherland." AdvertisementTaiwanese President Lai Ching-te on Sunday challenged the idea that mainland China is Taiwan's "motherland," saying the island's government is older than Beijing's. Meanwhile, the People's Republic of China, which governs mainland China from Beijing under leader Xi Jinping, celebrated its 75th birthday on October 1. Advertisement"Therefore, in terms of age, it is definitely impossible for the People's Republic of China to become the motherland of the people of the Republic of China," Lai said. "On the contrary, the Republic of China may actually be the motherland of the people over 75 years old in the People's Republic of China," Lai continued as his audience applauded and cheered.

Persons: Lai Ching, —, Lai, Xi Jinping, Mao Zedong's, Mao, Tsai Ing, Lai's, Tsai, it's Organizations: Service, Sunday, Democratic Progressive Party Locations: China, Beijing, Taiwan, Republic of, People's Republic of China, Republic of China, of China, Taipei, There's, —, Hong Kong, India, Southeast Asia, Washington

☆ Making HERstory: How WNBA owner Clara Wu Tsai turned a team ‘no one wanted’ into New York’s next big franchise
▼ + stars: | 2024-10-07 | by ( Carolyn Manno | ) edition.cnn.com time to read: +10 min

Now, back in the Finals, winning the team’s first title would cap off a stretch of unprecedented growth for majority team owner, Clara Wu Tsai. Wu Tsai and her husband, Joe Tsai, bought the team in 2019 for an undisclosed amount after the franchise’s previous owner, James Dolan, put the team up for sale in 2017. Wu Tsai says without investors in the market, she jumped at a chance nobody else wanted. I definitely feel like we have the most inclusive fan base in all of professional sports today,” Wu Tsai told CNN last month. We have an exhibition that’s open to the students, their parents, their teachers, and the community,” Wu Tsai said.

Persons: Clara Wu Tsai, Wu Tsai, Joe Tsai, James Dolan, Dolan, “, ” Wu Tsai, Picasso, ”, Brianna Stewart, Breanna Stewart, Turkey Clara Wu, I’ve, Ellie, “ There’s, “ Caitlin Clark, Angel Reese, Kamilla Cardoso, Cameron Brink, Caitlin, it’s, Covid, “ We’ve, Jean Michel Basquiat Organizations: New, New York CNN, New York Liberty, Barclays Center, ” New York Liberty, Liberty, CNN, Alliance, BK, XL, Cornell University, Yale University, Brooklyn, Department of Education, Barclay Center, WNBA Locations: New York, New York City, Turkey, ”, Brooklyn, United States, Liberty

Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe TsaiThe Miami Dolphins are in advanced talks to sell a minority stake in the team to private equity firm Ares Management and billionaire Joe Tsai, CNBC has learned, highlighting the growing trend of owners looking to build their sports portfolios to include multiple teams and operate their own stadiums to maximize revenue. CNBC has valued the Miami Dolphins as the league's eighth most valuable team at $7.1 billion, which does not include the stadium. The Miami Dolphins and the NFL declined to comment, and Tsai's BSE Global did not immediately respond to a request for comment. Businessman Stephen Ross purchased the Miami Dolphins in 2009 for $1.1 billion. This allows him to bring in revenue from events held at the stadium such as the Miami Grand Prix and Miami Open tennis tournament.

Persons: Joe Tsai, Ares, Tsai, Stephen Ross, Ross Organizations: Miami Dolphins, Ares Management, CNBC, Hard, Miami Grand Prix, Miami, NFL, Brooklyn Nets, Bloomberg, BSE Global, Miami Open, Dolphins, Formula, Prix

☆ Yale's Stephen Roach discusses U.S. policy on China, markets, economy
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStephen Roach: Markets in danger of being whipsawed with geopolitical conflict, rising unemploymentStephen Roach, senior fellow at Yale Law School's Paul Tsai China Center, says "if we're going to have regional conflict in the Middle East, which certainly appears to be the case, occurring in a time of rising unemployment in the United States, the markets really will not know where to turn."

Persons: Stephen Roach, Yale Law School's Paul Tsai Organizations: Yale Law, Yale Law School's Paul Tsai China Center Locations: United States

☆ Yale's Stephen Roach: Markets are in danger of being 'whipsawed' by Middle East conflict, U.S. unemployment
▼ + stars: | 2024-10-02 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

Ilia Yefimovich/dpa | Picture Alliance | Getty ImagesMarkets are in danger of being "whipsawed" by the combination of regional conflict in the Middle East and rising unemployment in the United States, says Stephen Roach, senior fellow at Yale Law School's Paul Tsai China Center. Most Asian markets fell on Wednesday, tracking losses on Wall Street overnight, as investors fretted over rising tensions in the Middle East. A higher-than-expected unemployment rate could prompt the Fed to accelerate the easing cycle to achieve a soft landing. The unemployment rate in September is expected to come in at 4.2%, according to data of a Reuters poll on LSEG, unchanged from the August figure. The unemployment rate had jumped to near a three-year high of 4.3% in July, a dramatic rise from the five-decade low of 3.4% in April 2023.watch now

Persons: Ilia Yefimovich, Stephen Roach, Yale Law School's Paul Tsai, Hassan Nasrallah, Roach, CNBC's, Stephen Stanley, Kelvin Tay Organizations: Missiles, Getty, Yale Law, Yale Law School's Paul Tsai China Center, Wall, Israel Defense Forces, Santander, Organization of, Petroleum, Energy Information Administration, UBS Global Wealth Management, U.S . Federal Reserve, Traders, U.S, U.S . Federal Locations: Israel, Tel Aviv, Iran, United States, Iranian, Lebanon, U.S .

☆ China's stock surge has echoes of the 2015 bubble. What's different this time
▼ + stars: | 2024-10-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Costfoto | Nurphoto | Getty ImagesBEIJING — The rocket higher in Chinese stocks so far looks different from the market bubble in 2015, analysts said. Major mainland China stock indexes surged by more than 8% Monday, extending a winning streak on the back of stimulus hopes. Stock market leverage by percentage and value were far higher in 2015 than data for Monday showed, according to Wind Information. He added that there are market risks from how unprepared the stock trading system was for the surge of buying. Reports indicate brokerages have been overwhelmed with new requests, echoing how individuals piled into the stock market nearly a decade earlier.

Persons: Aaron Costello, We're, Xi Jinping, Zhu Ning, Stephen Roach, Yale Law School's Paul Tsai, Costello, Peter Alexander, it's, —, Alexander Organizations: Nurphoto, Getty, Cambridge Associates, U.S ., greenback, U.S, CSI, People's Bank of China, Nikkei, Yale Law, Yale Law School's Paul Tsai China Center, Ministry of Finance, Ben Advisors, Shanghai Stock Exchange Locations: Hangzhou, China, BEIJING, Shanghai, Shenzhen, Asia, MSCI, People's Republic of China, Beijing

☆ I'm a Californian who moved to Texas for a shot at the American dream. I moved back after 2 ½ years, but I miss Texas.
▼ + stars: | 2024-09-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Kimberly Wilkerson is a lifelong Californian who moved to Austin in 2022. AdvertisementThis as-told-to essay is based on a conversation with Kimberly Wilkerson, a 46-year-old self-published author and entrepreneur who moved from Oakley, California, to Austin in 2022. Kimberly Wilkerson and her son moved to Austin, Texas in 2022. Austin, Texas. I'm waiting for the next right thing, which ideally would be if I'm getting married.

Persons: Kimberly Wilkerson, Wilkerson, —, Austin, Peter Tsai, It's Organizations: Service, Texans, California . Locations: Austin, Texas, California, Oakley , California, Northern California, East, I'm, Austin , Texas, California . Austin , Texas

☆ Same-sex marriage was on a roll in Asia. Not anymore
▼ + stars: | 2024-09-13 | by ( Chris Lau | ) edition.cnn.com time to read: +11 min

The winning formulaMore than 30 jurisdictions worldwide now recognize same-sex marriage, according to the Pew Research Center. Since the first same-sex marriage law was passed in the Netherlands in 2001, progress has been made mostly in Europe, the Americas and Australasia. Gay couples cut a wedding cake in Amsterdam on April 1, 2001 after the first same-sex marriage law was passed in the Netherlands. But on the national level, Japan does not recognize same-sex marriage and local courts have returned conflicting verdicts on the issue. Up to 68% of Japan’s adults support same-sex marriage, the highest share in Asia, according to the Pew Research Center.

Persons: Pokpong Jitjaiyai, ”, Pokpong, Watit Benjamonkolchai, Suen, Nadia Rahman, Marcel Antonisse, Kangwan Fongkaew, ” Kangwan, Jennifer Lu, ” Lu, Taiwan’s, Tsai Ing, Sanjit, Chanakarn Laosarakham, Carl Court, Asia’s, Anish Gawande, Narendra Modi, Gawande, Kazuhiro Nogi, –, Hiroshima’s, Scuffles, Andrew Kim, Roslan Rahman, Shawna Tang, Hong Kong’s, Peter Newman, ” Suen, CNN’s Samra, Yoonjung Seo, Aishwarya Iyer Organizations: Hong Kong CNN, Thailand’s Senate, CNN, Chinese University of Hong, Pew Research, Amnesty, Racial Justice, Refugees, Migrants, Getty, Burapha University, Presidential, List, Court, Japan, Seoul Queer Culture, Christian, Korea University’s College of International Studies, University of Sydney, Appeal, University of Toronto’s, Inwentash, Social Locations: Hong Kong, Bangkok’s, Siam, Thailand’s, Bangkok, Thailand, Southeast Asia, Taiwan, Nepal, Asia, Chinese University of Hong Kong, Netherlands, Europe, Americas, Australasia, Myanmar, Malaysia, Sri Lanka, Brunei, Bangladesh, Indonesia’s ultraconservative, Aceh, United Kingdom, Amsterdam, China, Kathmandu, AFP, Taiwan's, Taipei, India, List India, India’s, Delhi, Tokyo, Japan, South Korea, Daegu, Seoul, Korea, Singapore, aren’t, –, Beijing, Indonesia

☆ Taiwan under pressure to bolster its defense as Trump-Harris presidential race stokes policy concerns
▼ + stars: | 2024-08-05 | by ( Dylan Butts | ) www.cnbc.com time to read: +6 min

Taiwan President Lai Ching-te claps while he visits a military camp in Taoyuan, Taiwan May 23, 2024. While Biden has, on several occasions, stated the U.S. would come to Taiwan's defense, Trump has opted for "strategic ambiguity," Naggy added. According to analysts, she is expected to remain somewhat consistent with Biden's agenda and foreign policy. As vice president, Harris has expressed support for Taiwan and met with the island's new leader, Lai Ching-te, in 2022. However, she would come into office with significantly less foreign policy experience than President Biden.

Persons: Lai Ching, Ann Wang, Lin Chia, Donald Trump, Trump, Trump's, Joe Biden, Kamala Harris, Biden, Stephen Naggy, Naggy, Xi Jinping, Lu, Chung Weng, Muhammad Faizal, Richard Heydarian, Harris, Tina Fordham, CNBC's, Dewardric McNeal, McNeal, Lai, Ava Shen, Tsai Ing Organizations: Reuters, International Christian University, Sam Houston State University, Rajaratnam, of International Studies, Trump, CNBC, University of the, Fordham Global Foresight, Longview Global, Biden, Eurasia Group, Democratic Progressive Party Locations: Taiwan, Taoyuan, Reuters Taiwan, China, Taipei, Tokyo, Japan, U.S, Singapore, University of the Philippines, Beijing, Washington

The second of the two female boxers whose gender identities have recently been scrutinized won her first fight at the Paris Olympics on Friday. Lin Yu-ting of Taiwan defeated Sitora Turdibekova of Uzbekistan in the 57 kg round of 16 match by unanimous decision and advanced to the quarterfinals. Her victory follows Thursday’s win by Algeria’s Imane Khelif, whose gender identity has also come into question in recent days, prompting a social media firestorm. The participation of Lin and Khelif in Olympic women’s boxing has sparked global outrage in recent days after reports resurfaced that the pair failed to meet gender eligibility tests at the Women’s World Boxing Championships in New Delhi last year. “As with previous Olympic boxing competitions, the gender and age of the athletes are based on their passport,” the IOC said of its eligibility requirements.

Persons: Lin Yu, Sitora Turdibekova, Algeria’s Imane Khelif, Lin, Khelif, Angela Carini of, “, ”, ” Carini, Donald Trump, Elon Musk, Harry Potter ”, J.K, Rowling, ” Trump, Tsai Ing, Anna Hamori of Organizations: Paris Olympics, Sporting, Tokyo Olympics —, “, Algerian Olympic, Sports Committee, International Boxing Association, IBA, Olympic, IOC, Paris, Unit Locations: Taiwan, Uzbekistan, New Delhi, Angela Carini of Italy, Anna Hamori of Hungary

☆ Elhedery named as third HSBC CEO in less than eight years
▼ + stars: | 2024-07-17 | by ( ) edition.cnn.com time to read: +3 min

HSBC has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said Wednesday. While the 160-year-old lender did consider external candidates, it has traditionally appointed its CEO from within. Elhedery’s appointment comes as HSBC (HSBC) tries to shift from restructuring to growth, at a time when helpful interest rate hikes may have peaked and geopolitical tensions simmer. Elhedery began his career in banking as a trader before joining HSBC in 2005. Quinn, who led HSBC for five years, will remain CEO until Elhedery starts in the role.

Persons: Georges Elhedery, Elhedery, Noel Quinn, ”, Matt Britzman, Hargreaves Lansdown, Iain Pyle, Ping, Quinn, Stanley Tsai, might’ve, it’s Organizations: HSBC, abrdn, Greater, China’s Bank of Communications Locations: Lebanon, Hong Kong, Asia, Greater China, China, East, Africa

☆ Taiwan’s Blunt-Talking Leader Faces China’s Backlash
▼ + stars: | 2024-07-16 | by ( Chris Buckley | Amy Chang Chien | ) www.nytimes.com time to read: +1 min

Chinese Coast Guard ships have sailed near Taiwan’s outer islands. When Lai Ching-te became Taiwan’s president in May, he vowed to stick with the China policies of his predecessor, Tsai Ing-wen. Ms. Tsai sought to avoid confrontation even as she defended Taiwan’s right to self-rule and rejected Beijing’s assertion of sovereignty. Yet Mr. Lai, while keeping Taiwan’s basic policy toward China unchanged, has been blunter in rebuffing its demands. Mr. Lai, who rose as a more plain-spoken politician, sees a need to more sharply lay out Taiwan’s separate status.

Persons: Lai Ching, Tsai Ing, Tsai, Lai, Ms . Tsai, “, ”, David Sacks Organizations: Coast Guard, Council, Foreign Relations Locations: China, Taiwan, Beijing, Taiwan’s, rebuffing, Asia

☆ Private equity investment in NFL teams is coming, Washington Commanders owner Josh Harris says
▼ + stars: | 2024-06-05 | by ( Ian Thomas | ) www.cnbc.com time to read: +6 min

"I think it may be leading to some rethink into the consideration of letting private equity, as an example, or institutional investors into the NFL." While U.S. pro sports leagues had prohibited private equity investors previously, they've largely softened their stances in recent years, aside from letting any firm be a controlling owner of a team. "We've got a lot of interest in the private equity space," NFL Commissioner Roger Goodell said at the league's spring meeting in May. "We are making real progress on potential private equity. Ross Sorkin asked Harris if allowing private equity investors into sports would have any negative impacts on the teams or the league's overarching strategy as those investors look toward an exit.

Persons: Harris, Andrew Ross Sorkin, Magic Johnson, Eric Schmidt, David Blitzer, Jeff Bezos, Dan Snyder, Apollo Global Management —, Josh Harris, David Tepper, Rob Walton, Mat Ishbia, Joe Tsai, Steve Cohen, We've, Roger Goodell, Goodell, Ross Sorkin, Stanley Kroenke, I've, Kroenke Organizations: NFL, CNBC, Summit, Washington , D.C, Blackstone Group, 76ers, Devils, Amazon, NBA's Philadelphia 76ers, New Jersey Devils, Premier, Apollo Global Management, Washington Commanders, Carolina Panthers, Walmart, Denver Broncos, United Wholesale Mortgage, Phoenix Suns, Brooklyn Nets, New York Mets, MLB, Guggenheim Baseball Management, Los Angeles Dodgers, U.S, PE, NBA, Los Angeles Rams Locations: Washington ,

☆ Taiwan celebrities Mayday, Jolin Tsai in crossfire of political battle as tensions with China rise
▼ + stars: | 2024-06-03 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

On Douban, a popular site for reviewing movies, books and music, users compiled a list of nearly 100 Taiwanese celebrities, detailing whether each of them had shared the post. On Saturday, CCTV publicly endorsed Taiwanese celebrities who shared its post, sharing the screenshots of 36 such reposts – fueling a further backlash against those who hadn’t. On Monday, Taiwan’s Mainland Affairs Council weighed in, accusing the Chinese Communist Party of requiring Taiwanese artists to express a political stance. The remarks and retweets by Taiwanese artists of the CCTV unification post came against the backdrop of China’s largest show of force around the island in more than a year. “This is not the first time, and probably not the last, that Taiwanese artists are forced to make a political stand in China,” said the leader.

Persons: Mayday’s, Ashin, ”, –, Xi Jinping, Jolin Tsai, Edgar Su, China’s, Beijing’s, ’, Tsai, “, Lin Chen, ” Lin, Lai Ching, Ichiro Ohara, Lai, Zhu Fenglian, ” Zhu, Lin Organizations: CNN, Party, China, Democratic Progressive Party, Cardiff University, Facebook, Mainland Affairs Council, Chinese Communist Party, Communist, Yomiuri Shimbun, Taiwan Affairs Office, “ Locations: Beijing, Taiwan, China, Taipei, Taiwanese, “, Nanchang ”, Singapore, Weibo, ” Beijing

☆ China’s growing e-commerce market is creating a new set of winners
▼ + stars: | 2024-06-02 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

"Improving domestic ecommerce market share should lead to better monetization eventually," Yao said. The investment firm expects Douyin to match PDD's market share of 21% next year, and surpass it by reaching 22% in 2026. Tencent's WeChat Video Account platform is expected to retain about 2% to 3% of GMV market share through 2026, the Goldman analysis said. The video streaming platform last month reported e-commerce GMV grew by 28.2% year-on-year in the first quarter to 288.1 billion yuan ($40,55 billion). The firm forecasts Kuaishou's e-commerce GMV revenue will grow by 25% this year, although livestreaming revenue — which has accounted for about a third of total revenue — is expected to drop due to a high base.

Persons: James Yang, Bain, Joe Tsai, Emily Tan, Yang, Alibaba, Goldman Sachs, Ronald Keung, David Ma, China's, Morgan Stanley, Eddy Wang, Kenneth Fong, JD, David Beckham, Alex Yao, monetization, Yao, Tmall's GMV, Douyin, Alibaba's, Tencent's, Goldman, Sophie Huang, — CNBC's Michael Bloom Organizations: Bain and Company, PDD Holdings, Goldman, UBS, JPMorgan China, ByteDance, Hong Locations: China, Hong Kong, Asia, U.S, Alibaba, 2Q24, 2Q24E

☆ China's military exercises last week 'looked like a rehearsal' for a Taiwan invasion, US' top officer in the Pacific says
▼ + stars: | 2024-05-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

China's large-scale military exercises surrounding Taiwan last week "looked like a rehearsal" for an invasion, the US' top officer in the Pacific said. Related storiesIn the aftermath of the exercises, US lawmakers and officials have been responding with clear shows of support for Taiwan. The US would be dependent on Japan's bases to threaten a Chinese threat to Taiwan, as President Joe Biden has vowed. Taiwan's army held a military exercise following China's large-scale joint military drill around Taiwan on May 23, 2024. TAIWAN Military News Agency, Ministry of National Defense, R. O. C. / HANDOUTLast week's exercises weren't the first time China has held provocative exercises around Taiwan.

Persons: Adm, Samuel Paparo, Paparo, Joe Biden, Michael McCaul, McCaul, Nancy Pelosi, Party's Lai Ching, Tsai Ing Organizations: Service, Business, Pacific, Japan's Nikkei, TAIWAN Military News Agency, Ministry of National Defense, Democratic Locations: Taiwan, Beijing, US, China, United States, Taiwan's, Japan

☆ US lawmakers vow to bolster Taiwan’s defense with bipartisan visit days after China’s ‘punishment’ military drills
▼ + stars: | 2024-05-27 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

CNN —US lawmakers vowed to bolster Taiwan’s deterrence against China on Monday during a bipartisan congressional visit to the self-governing democracy just days after Beijing surrounded the island with massive military exercises. US Representative Michael McCaul, Republican-Texas, has vowed to bolster Taiwan's deterrence against China. China’s military drills, he said, were “to express their displeasure with President Lai, a president democratically elected by the people of Taiwan.”But he added they had another objective. The delegation also met with Lai, Taiwan’s new leader, on Monday morning. China responded with a show of military force and later imposed sanctions on McCaul.

Persons: Lai Ching, Michael McCaul, ”, McCaul, Lai, ” McCaul, China’s, Xi Jinping, Xi, “, Mao Ning, Michael Brochstein, Lin Chia, ” “ It’s, ” Lin, Taiwan’s, “ Taiwan’s, ” Lai, Ronald Reagan’s, Tsai Ing, Nancy Pelosi’s Organizations: CNN, China, House Foreign Affairs Committee, Taiwan, US, Party, Republican, Ministry, Taiwan’s Locations: Beijing, China, Taiwan, Taipei, Ukraine, Taiwan Strait, Texas, United States, America, People’s Republic of China

☆ China is flexing its missile arsenal in a new simulation for a mass Taiwan attack as the US watches Beijing's Rocket Force closely
▼ + stars: | 2024-05-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewChina's Eastern Theater Command on Friday released a simulation video of its missile forces carrying out a mass attack on Taiwan, boasting its land, sea, and air launch capabilities. "Destroy the pillar of Taiwanese independence! Strike the base camp of Taiwanese independence! Related storiesBeijing's missile forces have developed rapidly in recent years, alarming US officials who are now scrutinizing its arsenals and assets. Taiwan, recognizing the Chinese missile threat, has been stocking up on US-manufactured Patriot missiles.

Persons: —, CapwDFZyds, They're, Lai Ching, Lai, Tsai Ing Organizations: Service, Command, Business, People's Liberation Army, PLA, Taiwan, Pentagon, Liberation Army Rocket Force, Eastern Theater Command, Patriot, Coast Guard, Navy, Democratic Progressive Party Locations: Taiwan, Taipei, Hualien, Kaohsiung, China, Beijing

☆ Bipartisan congressional delegation visits Taiwan following days of Chinese military drills around island
▼ + stars: | 2024-05-26 | by ( Avery Lotz | ) edition.cnn.com time to read: +3 min

CNN —House Foreign Affairs Committee Chairman Michael McCaul and a bipartisan delegation of lawmakers arrived in Taiwan on Sunday following the election of the island’s new president and after days of Chinese military drills. The US will continue to stand by our steadfast partner and work to maintain the status quo across the Taiwan Strait. US officials condemned the drills, with the State Department urging the Chinese to “act with restraint.”Two years ago, former House Speaker Nancy Pelosi visited the island, marking the first time a US House speaker had traveled to Taiwan in 25 years. Her visit was met with days of large-scale military drills and warnings of a “severe impact” on US-China relations from the Chinese government. In April 2023, then-House Speaker Kevin McCarthy similarly defied threats from China, presenting a united front with then-President Tsai Ing-wen in a California meeting.

Persons: Michael McCaul, Lai Ching, China’s, Putin, Xi, ” McCaul, Xi Jinping, ”, Nancy Pelosi, Kevin McCarthy, Tsai Ing, “, Antony Blinken Organizations: CNN — House Foreign, Communist Party, US, Taiwan, House Foreign Affairs Committee, ” CNN, State Department Locations: Taiwan, Beijing, Ukraine, Israel, Iran, “ Taiwan, Taiwan Strait, America, Asia, China, California

CNN —China’s military drills around Taiwan are designed to test its ability to “seize power” over the island, the People’s Liberation Army said Friday as its forces kicked off a second day of large-scale exercises encircling its democratic neighbor. Taiwan’s Defense Ministry has condemned China’s military exercises as “irrational provocations” and dispatched its own sea, air and ground forces in response. A total of 19 Chinese warships and seven coast guard vessels were detected near the Taiwan Strait, according to the ministry. China Coast Guard drill near Taiwan. China Coast Guard/Weibo‘Blockading Taiwan’China’s military drills are often as much about playing to a domestic audience as signaling intentions internationally, and state media has ramped up coverage of the drills.

Persons: CNN —, Lai Ching, Lai, Xi Jinping, ”, China’s, Tsai Ing, ” “, Wu Qian, Liu, Tsai, wasn’t, “, I’m, Zhang Chi, Zhang, Carl Schuster, Craig Singleton, ” Singleton, Singleton, Lionel Fatton, ” Fatton Organizations: CNN, People’s Liberation Army, PLA, Command, Party, Taiwan, Guard, CCTV, Taiwan’s Defense, Kyodo, Democratic Progressive Party, China’s, Ministry, Chinese Communist Party, China Coast Guard, Taiwan . China Coast Guard, Weibo, US, Coast Guard, Pacific Command’s Joint Intelligence Center, Foundation, Defense of Democracies, Webster University Locations: Taiwan, Beijing, China, Kinmen, Taiwan Strait, China's, Taiwan ., ”, Kaohsiung, Wuqiu, Geneva

☆ China has launched new drills encircling Taiwan. Why now?
▼ + stars: | 2024-05-23 | by ( Jessie Yeung | Nectar Gan | ) edition.cnn.com time to read: +8 min

CNN —Tensions are once again ratcheting up in the Taiwan Strait, with China launching military drills encircling Taiwan just days after the democracy swore in a new leader long loathed by Beijing. The Eastern Theater Command of the Chinese People’s Liberation Army (PLA) said it launched joint military drills involving the army, navy, air force and rocket force in areas around Taiwan early Thursday morning. The drills are being conducted in the Taiwan Strait – a narrow body of water separating the self-ruling island with mainland China – as well as north, south and east of Taiwan. The Chinese guided missile frigate Nantong, one of the vessels in the series of military drills around Taiwan. The defeated Nationalist Party fled to Taiwan, moving the seat of their Republic of China (ROC) government from the mainland to Taipei.

Persons: ”, Lai Ching, China’s, Xi Jinping, Li Xi, Lai, Wu Mei, Carlos Garcia Rawlins, Tsai Ing, Tsai –, Mike Gallagher Organizations: CNN, Communist Party, Eastern Theater Command, People’s Liberation Army, PLA, People's Liberation Army, Weibo, Taiwan’s Defense Ministry, Democratic Progressive Party, DPP, Chinese Communist Party, CCP, Nationalist Party, US, Communist, Beijing, Tuesday Locations: Taiwan, China, Beijing, Kinmen, Taipei, People’s Republic of China, Republic of China, Xi, Washington

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