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☆ China says its 'priority' is to stop Taiwan VP visiting US next month
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

BEIJING, July 20 (Reuters) - It is China's "priority" to stop Taiwan's vice president and presidential frontrunner William Lai from visiting the United States next month, the country's ambassador in Washington said on Wednesday, as Beijing steps up its warnings against the trip. Provocative moves by Taiwan "separatists" should be contained, he added. "Now the priority for us is to stop Lai Ching-te from visiting the United States, which is like a grey rhino charging at us," Xie said, using Lai's Chinese language name. Taiwan President Tsai Ing-wen and her government have repeatedly offered talks with China but been rejected, as Beijing views them as separatists. In August and then again in April, China staged large-scale war games around Taiwan, angered by the August visit to Taiwan of then-U.S. House Speaker Nancy Pelosi and in April by Taiwan President Tsai Ing-wen meeting current House Speaker Kevin McCarthy in Los Angeles, while she was transitting back from a visit to Central America.

Persons: William Lai, Lai, Democratic Progressive Party's, Xie Feng, Xie, Lai Ching, Tsai Ing, Both Tsai, Nancy Pelosi, Kevin McCarthy, Ben Blanchard, Stephen Coates Organizations: United, Democratic Progressive, Aspen Security, ., Taiwan, Central America, Beijing, Thomson Locations: BEIJING, United States, Washington, Beijing, China, Taiwan, Taipei, Paraguay, Los Angeles, Central, Tapei

BEIJING/TAIPEI, July 17 (Reuters) - China reacted with anger on Monday to a planned visit next month to the United States by "separatist" Taiwan presidential frontrunner Vice President William Lai, as the government in Taipei said it saw no reason to overreact to mere transit stops. Such transits infuriate China, which views them as covert support by the United States for Taiwan's separateness from China and challenge to Beijing's territorial claims. "China firmly opposes any form of official exchanges between the United States and Taiwan, resolutely opposes sneaky visits by Taiwan independence separatists in any name or for any reason, and resolutely opposes any form of connivance by the United States to support Taiwan independence separatists," she said. Speaking to reporters, Taiwan Vice Foreign Minister Alexander Yui declined to give details on Lai's U.S. transits, saying details would come later. Pena visited Taiwan last week and met both Lai and Tsai, who cannot run for office again after serving two terms.

Persons: William Lai, Lai, Santiago Pena, Tsai Ing, Tsai, Kevin McCarthy, Mao Ning, Pena, Alexander Yui, Yui, Liz Lee, Ben Blanchard, Kim Coghill, Lincoln, Michael Perry Organizations: Central America, Foreign Ministry, Taiwan, Foreign, U.S, Thomson Locations: BEIJING, TAIPEI, China, United States, Taiwan, Taipei, U.S, Taiwan's, Los Angeles, Central, Beijing, Paraguay, Republic of China

CNN —Taiwan’s Vice President Lai Ching-Te is expected to transit the US next month en route to Paraguay, the island’s presidential office announced at a news conference Monday. The Biden administration expects the transit to occur “without incident,” a senior administration official said Sunday. The transit comes as the Biden administration is working to regularize the pace of diplomacy with Beijing, with three top administration officials visiting China in the last month. “These transits of senior officials are unofficial in keeping with our US One China policy,” the official said, calling the transits fairly common. Candidates from other political parties may also visit the US later this year, but the senior administration official did not provide detail about future possible trips.

Persons: CNN —, Lai Ching, Biden, ”, Lai, We’ve, hasn’t, China’s, Mao Ning, ’, ” Mao, Tsai Ing, Kevin McCarthy, John Kerry, Antony Blinken, Janet Yellen, “ We’ve Organizations: CNN, US, ”, Democratic Progressive Party, Communist Party, Foreign Ministry, Biden, Presidential Locations: Paraguay, Beijing, China, Taiwan, Lai, Washington, California, Ukraine

☆ Paraguay 'would love' more China trade, Taiwan still better for development
▼ + stars: | 2023-07-15 | by ( Ben Blanchard | ) www.reuters.com time to read: +2 min

TAIPEI, July 15 (Reuters) - Paraguay "would love" to do more trade with China, but Taiwan offers the best bet for moving the largely agricultural economy up the value chain, the country's president-elect Santiago Pena said on Saturday on a visit to Taipei. Paraguay is the last South American country with formal relations with Taiwan, which China claims as its own territory. Honduras ended decades of ties in favour of Beijing this year, and only 13 countries now recognise Taiwan. "We have no constraints on doing trade with China. We would love to do more trade with the PRC," he said, referring to the People's Republic of China.

Persons: Santiago Pena, Pena, Tsai Ing, Wang Mei, Tsai, William Lai, Lai, Ben Blanchard, William Mallard Organizations: Thomson Locations: TAIPEI, Paraguay, China, Taiwan, Taipei, American, Honduras, Beijing, People's Republic of China, Brazil, United States

REUTERS/Jason Lee/File PhotoTAIPEI, July 14 (Reuters) - China's military has been flexing its muscles this week around Taiwan practicing joint force operations far out at sea, ahead of Taipei holding its annual war games at the end of the month when Taiwan will simulate breaking a Chinese blockade. Chieh Chung, a military researcher at Taiwan's National Policy Foundation think tank, said practicing long-distance missions was important for China as they would be the "main combat mode" in any conflict. "They are expanding military deterrence actions to create a cognitive effect that Taiwan's national defences are useless," the official said. China routinely denounces U.S. military activity in the strait as provocation. "The Eastern Theatre Command are well seasoned, but it's the Southern Theatre Command that needs training for long-distance support," Su said.

Persons: Jason Lee, Chieh Chung, Han Kuang, Tsai Ing, Kevin McCarthy, Xi Jinping, Su Tzu, yun, Su, Yimou Lee, Roger Tung, Yew Lun Tian, Ben Blanchard, Robert Birsel Organizations: Chinese Air Force, REUTERS, Foundation, Taiwan, House, Eastern Theatre Command, U.S . Navy, Institute for National Defence and Security Research, Southern Theatre Command, Thomson Locations: Beijing, TAIPEI, Taiwan, Taipei, China, Philippines, Japan, Borneo, Los Angeles

☆ Taiwan flags space ambition with domestically developed weather satellite
▼ + stars: | 2023-07-14 | by ( Ann Wang | ) www.reuters.com time to read: +2 min

[1/4] Taiwan's President Tsai Ing-wen makes a speech at the shipment ceremony of Triton, Taiwan's first locally built weather satellite in Hsinchu, Taiwan July 14, 2023. REUTERS/Ann WangHSINCHU, Taiwan, July 14 (Reuters) - Taiwan's first domestically developed weather satellite shows its determination to develop its space industry, President Tsai Ing-wen said on Friday, lauding the programme as a step to take the island to the stars. "The Wind-Hunter Satellite is born-and-bred made in Taiwan," she said at Taiwan Space Agency in the northern city of Hsinchu, home to Taiwan's world-beating semiconductor industry, referring to it by its Chinese-language name. "The Wind-Hunter Satellite proves that with the advantages of Taiwan's semiconductor and precision manufacturing, it is absolutely capable of entering the global space industry," Tsai said, adding that the satellite showed Taiwan's determination to develop a space industry and participate in the space age. Triton will be launched into a circular low-earth orbit at an altitude of about 550-650 km (340-400 miles), according to the Taiwan Space Agency.

Persons: Tsai Ing, Triton, Ann Wang, Tsai, Vega, Elon, Safran, Ben Blanchard, Robert Birsel Organizations: REUTERS, Taiwan Space Agency, Hunter, SpaceX, Airbus, Thomson Locations: Hsinchu, Taiwan, Ann, Ann Wang HSINCHU, China, Guiana

☆ Taiwan proposes stricter sexual harassment laws after #MeToo erupts
▼ + stars: | 2023-07-13 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

TAIPEI, July 13 (Reuters) - Taiwan's cabinet on Thursday proposed stricter laws against sexual harassment as a recent surge in allegations brought the #MeToo movement to the island nearly six years after it gained global prominence. Under the revised laws, an employer found guilty of sexual harassment could be fined up to T$1 million ($32,306) and jailed for up to three years. Her Facebook post sparked a wave of sexual harassment and assault allegations that has spread beyond the political sphere to other sectors ranging from academia to the entertainment industry. The measures accompanying the legal reforms include setting up a counselling hotline and training more case investigators. Senior DPP officials including President Tsai Ing-wen have apologised to the sexual harassment victims and the public over the allegations.

Persons: Harvey Weinstein, Lo Ping, cheng, Lo, Lin Tze, luen, Tsai Ing, Sarah Wu, Devika Organizations: Hollywood, Democratic Progressive Party, Facebook, Thomson Locations: TAIPEI, Taiwan

☆ Paraguay president-elect says committed to Taiwan, pitches investment
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Paraguay's President-elect Santiago Pena speaks at a meeting with Taiwan President Tsai Ing-wen at the presidential office in Taipei, Taiwan, in this handout image released July 12, 2023. Taiwan Presidential Office/Handout via REUTERSTAIPEI, July 12 (Reuters) - Paraguay President-elect Santiago Pena said on Wednesday that he is committed to a relationship with Taiwan as he pitched investment opportunities he said should not be based on political or diplomatic considerations. Paraguay is the last South American country with formal relations with Taiwan, which China claims as its own territory. Meeting Taiwan President Tsai Ing-wen, Pena said that as president he would stick with Taipei. Pena met Lai before meeting Tsai, though Taiwan's presidential office did not mention whether Lai would attend the inauguration.

Persons: Santiago Pena, Tsai Ing, Pena, William Lai, Lai, Tsai, Ben Blanchard, Robert Birsel Organizations: Taiwan, Taiwan Presidential, REUTERS, Reuters, Democratic Progressive, Thomson Locations: Taipei, Taiwan, REUTERS TAIPEI, Paraguay, American, China, Honduras, Beijing, United States

☆ China has a new foreign relations law. Here's what it means for business
▼ + stars: | 2023-07-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Vcg | Visual China Group | Getty ImagesBEIJING — For foreign businesses in China, geopolitics hold more sway than new Chinese laws, according to analysts. Two new laws, one on espionage and the other on foreign relations, took effect July 1. In strictly legal terms, however, the legislative changes themselves don't increase the risk for foreign businesses in China, said Jeremy Daum, senior fellow at Yale Law School's Paul Tsai China Center. The website's translation of the Foreign Relations Law notes that foreign organizations in China "must not endanger China's national security, harm the societal public interest, or undermine societal public order." A House committee delegation discussed China business in their meeting with executives of high-profile U.S. tech and media companies in California in April.

Persons: Jeremy Daum, Yale Law School's Paul Tsai, Antony Blinken's, Michael House, Perkins, Daum, Mintz, It's, Alex Liang Anjie, Michael Hart, he's, Hart, Janet Yellen, Jens Eskelund, Alex Liang Organizations: Visual China, Getty, Yale Law, Yale Law School's Paul Tsai China Center, U.S, China, Foreign Relations, Mintz Group, Bain, Capvision Partners, Reuters, American Chamber of Commerce, Treasury, Companies, EU Chamber of Commerce Locations: BEIJING, China, Beijing, Washington, U.S, Shanghai, California, Broad

☆ Paraguay president-elect to visit 'great friend' Taiwan's Tsai
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] President-Elect Santiago Pena, a 44-year-old economist who won 43% of the vote on Sunday in the Presidential election, speaks during a news conference in Asuncion, Paraguay May 2, 2023. REUTERS/Cesar Olmedo/File PhotoTAIPEI, July 9 (Reuters) - Paraguay's president-elect, Santiago Pena, will visit Taiwan this week and meet "great friend" President Tsai Ing-wen, he said on Sunday, shoring up a relationship at a time China is working to entice the island's dwindling allies. Pena said on his Twitter account he would visit Abu Dhabi, then go to Taiwan to meet Tsai, who he described as a "great friend". He will be in Taiwan for the 66th anniversary of diplomatic ties on Wednesday, the ministry said. Diplomatic sources have told Reuters that Lai might attend as Taiwan's representative, likely transiting the United States to meet U.S. officials.

Persons: Santiago Pena, Cesar Olmedo, Tsai Ing, shoring, Pena, Tsai, William Lai, Wang Mei, Lai, Ben Blanchard, William Mallard Organizations: REUTERS, Democratic Progressive, Reuters, Thomson Locations: Asuncion , Paraguay, TAIPEI, Taiwan, China, Paraguay, American, Honduras, Beijing, Central America, Caribbean, U.S, America, Washington, Abu Dhabi, United States

☆ China aims to sap Taiwan morale with 'escape plan' misinformation - sources
▼ + stars: | 2023-07-07 | by ( Yimou Lee | ) www.reuters.com time to read: +4 min

TAIPEI, July 7 (Reuters) - China has launched a misinformation campaign that includes news reports Taiwan's president has an "escape plan" in the event of a Chinese invasion, aiming to sap morale as Beijing presses the island to accept its sovereignty, Taiwan officials said. China's Taiwan Affairs Office did not respond to a request for comment. Some of the media reports were first published by online news sites run by China's Taiwan Affairs Office before appearing in media outlets in Taiwan and Hong Kong, according to the officials and a Reuters review of the reports. The officials said the Chinese campaign was overseen by Beijing's Central Leading Group for Taiwan Affairs, which is chaired by President Xi Jinping, and carried out by various government units including the Taiwan Affairs Office in Beijing. "They want to sell fear," said one of the sources, a senior official familiar with Taiwan's security planning.

Persons: Han Kuang, Tsai Ing, Xi Jinping, Yimou Lee, Ben Blanchard, Rob Birsel Organizations: Reuters, Taiwan Affairs Office, Taiwan, U.S, China's Taiwan Affairs Office, Beijing's Central, Group, Taiwan Affairs, Affairs Office, People's Liberation Army, Thomson Locations: TAIPEI, China, Beijing, Taiwan, United States, Taipei, Hong Kong, U.S, Pacific

☆ Elon Musk's Twitter sues top law firm Wachtell over $90 million fee for work under prior ownership
▼ + stars: | 2023-07-07 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Attorneys for Elon Musk filed suit this week against the law firm that represented Twitter when Musk was trying to take the company private last year, claiming the firm charged too much for its work. The lawsuit says Wachtell, Lipton, Rosen, and Katz, which was Twitter's firm prior to Musk's acquisition, racked up a $90 million "last minute" legal bill. Wachtell represented Twitter after Musk reneged on his initial offer to take Twitter private for $44 billion. The law firm helped close the deal in November 2022, and was paid that $90 million fee for its work securing the transaction, which was tendered at a significant premium to Twitter's public market valuation. Twitter sued Musk for not honoring his commitment to the company's shareholders, and Musk eventually relented, purchasing Twitter at the agreed upon price.

Persons: Elon Musk, Musk, Wachtell, Lipton, Rosen, Katz, Reid Collins, Tsai, It's, Ben Roth, — CNBC's Lora Kolodny Organizations: Tesla Inc, Elon, Twitter, X Corp, San Francisco, Google, Rosen Locations: San Francisco , California, Austin , Texas, Delaware, California, San Francisco

☆ China aims to sap Taiwan morale with 'escape plan' misinformation, sources say
▼ + stars: | 2023-07-07 | by ( Yimou Lee | ) www.reuters.com time to read: +4 min

TAIPEI, July 7 (Reuters) - China has launched a misinformation campaign that includes news reports Taiwan's president has an "escape plan" in the event of a Chinese invasion, aiming to sap morale as Beijing presses the island to accept its sovereignty, Taiwan officials said. China's Taiwan Affairs Office did not respond to a request for comment. The officials said the Chinese campaign was overseen by Beijing's Central Leading Group for Taiwan Affairs, which is chaired by President Xi Jinping, and carried out by various government units including the Taiwan Affairs Office in Beijing. "They want to sell fear," said one of the sources, a senior official familiar with Taiwan's security planning. Reporting By Yimou Lee; Additional reporting by Ben Blanchard; Editing by Rob BirselOur Standards: The Thomson Reuters Trust Principles.

☆ Taiwan presidential front-runner says he can keep peace with China
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

Lai, Taiwan's vice president and the candidate for the ruling Democratic Progressive Party (DPP), has consistently led the majority of opinion polls ahead of the January election. "I will support the cross-strait status quo - which is in the best interests of both the Republic of China, as Taiwan is formally known, and the international community. Lai is expected to visit the United States next month, according to diplomatic sources, as presidential candidates traditionally do, to discuss their policy agenda. Beijing views her as a separatist for refusing to accept the Chinese position that Taiwan and China are part of "one China". Both Tsai and Lai say that the Republic of China, Taiwan's formal name, is already an independent state, despite only 13 countries formally recognising it.

Persons: William Lai, Tsai Ing, Lai, Tsai, Mao Zedong's, Ben Blanchard, Gerry Doyle Organizations: Democratic Progressive Party, Beijing, Thomson Locations: TAIPEI, Taiwan, China, Republic of China, United States, Beijing, People's Republic of China

☆ India downplays SCO Summit but Putin and Xi may not be complaining
▼ + stars: | 2023-07-05 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Last year, the world watched closely as China’s Xi Jinping, Russia’s Vladimir Putin, Narendra Modi of India and other world leaders within a Moscow-friendly group gathered in the Uzbek city of Samarkand for a high-profile, two-day summit. World leaders pose for a photo during the Shanghai Cooperation Organization summit in Samarkand, Uzbekistan, on September 16, 2022. It remains unknown how tight a grip Putin now has on power in Moscow, and although he attended last year’s SCO summit, he has rarely left Russia since his invasion of Ukraine. Face-to-face meetings, however, can also provide opportunity for world leaders to talk out sensitive issues or push on points of contention that may be handled less delicately in a virtual setting. Given their respective ties with Moscow, both China and India have received pressure from the West to limit their relations or even push Putin toward peace.

Persons: Hong Kong CNN —, Xi, Russia’s Vladimir Putin, Narendra Modi, Putin –, Putin, Modi –, –, Modi, ”, Manoj Joshi, India didn’t, Murat Kula, what’s, Wagner, Steve Tsang, It’s, “, Moritz Rudolf, Paul Tsai, Tsang, Putin “ Organizations: Hong Kong CNN, Shanghai Cooperation Organization, SCO, “, Observer Research, Anadolu Agency, Getty, SOAS China Institute, University of London, Moscow, Paul Tsai China Center of, Yale Law School, Central, Soviet, Ukraine Locations: Hong Kong, India, Moscow, Uzbek, Samarkand, Ukraine, Eurasia, Russia, China, New Delhi, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, –, Iran, Washington, ”, Europe, Beijing, Belarus, Central Asia, Soviet Union

☆ Taiwan says 8 Chinese aircraft crossed Taiwan Strait median line
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, July 4 (Reuters) - Eight Chinese aircraft crossed the median line of the Taiwan Strait on Tuesday morning, Taiwan's defence ministry said, as China ramps up military pressure on the democratic island. Taiwan, which China claims as its own territory despite the island's strong objections, has faced in recent years almost daily missions by Chinese military aircraft, often in the southwestern part of the island's air defence identification zone. A total of 24 Chinese warplanes, including fighter jets and bombers, were spotted near Taiwan on Tuesday morning starting at about 8 a.m. (0000 GMT), the defence ministry said, adding four Chinese warships also joined a "joint combat readiness patrol". Taiwan sent aircraft and ships to warn away the Chinese, while missile systems monitored them, the ministry said, using standard wording for its response. In a statement, the ministry said it is the joint responsibility for all parties in the region to maintain safety and stability.

Persons: Tsai Ing, Taiwan's, Yimou Lee, Christopher Cushing, Gerry Doyle Organizations: Tuesday, U.S . House, Representatives, Thomson Locations: TAIPEI, Taiwan Strait, China, Taiwan

☆ Taiwan celebrates linguistic diversity at annual music awards
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +2 min

[1/10] Julia Peng poses for pictures at the 34th Golden Melody Awards ceremony in Taipei, Taiwan July 1, 2023. REUTERS/Ann WangTAIPEI, July 2 (Reuters) - Taiwan celebrated linguistic diversity at the Golden Melody Awards late Saturday with big wins for singers who primarily sing in Mandarin, at one of the most prestigious entertainment events in the Chinese-speaking world. Cheng, speaking in Mandarin, thanked the Taiwanese language for "teaching me how to bow my head and slow down". In the indigenous language category, the Paiwan singers Kasiwa and Matzka rapped and sang in their native tongue, with Kasiwa getting the prestigious jury award. "Here, no matter what language everyone uses - Taiwanese, Hakka, indigenous languages, Mandarin, English and Japanese, - they can all sing freely, which also brings us together."

Persons: Julia Peng, Ann Wang, Enno Cheng, Peng, Cheng, Kasiwa, Matzka, Tsai Ing, Ouyang Fei Fei, Ouyang, Ben Blanchard, William Mallard Organizations: REUTERS, Facebook, Thomson Locations: Taipei, Taiwan, Ann Wang TAIPEI, China, Japan

☆ Taiwan says 11 Chinese aircraft crossed the Taiwan Strait median line
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, June 30 (Reuters) - Eleven Chinese aircraft crossed the median line of the Taiwan Strait on Friday morning, an unofficial barrier between the two sides, Taiwan's defence ministry said, as China ramps up military pressure on the democratic island. Taiwan, which China claims as its own territory despite the island's objections, has complained in recent years of almost daily missions by the Chinese air force, often in the southwestern part of its air defence identification zone. A total of 24 Chinese war planes including fighter jets and bombers were spotted near Taiwan on Friday morning from around 8 a.m. (00:00 GMT), the defence ministry said, adding five Chinese battleships also joined a "joint war readiness patrol." Taiwan sent aircraft and ships to warn away the Chinese activities, while missile systems monitored them, the ministry said, using standard wording for its response. Taiwan's government strongly objects to China's sovereignty claims and vows to defend itself if China attacks the island.

Persons: Mike Rogers, Tsai Ing, Taiwan's, Yimou Lee, Ben Blanchard, Shri Navaratnam Organizations: Reuters, U.S, Armed, U.S . House, Representatives, The U.S . State Department, Thomson Locations: TAIPEI, Taiwan Strait, China, Taiwan, Taipei, The, Lincoln

☆ Bipartisan lawmakers visit Taiwan as Biden seeks to stabilize China relationship
▼ + stars: | 2023-06-27 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +3 min

Taiwan is a self-ruling democracy, but China views Taiwan as a province of the Chinese mainland. The visit comes at a sensitive time for America's relationship with China, its largest trading partner and strategic competitor in political, economic and security arenas. WASHINGTON — A bipartisan congressional delegation led by House Armed Services Committee Chairman Mike Rogers landed in Taiwan on Tuesday for a three day visit, according to the American Institute in Taiwan. Treasury Secretary Janet Yellen reportedly plans to visit China in July, Bloomberg News reported this week. But while visits by senior Biden administration officials to China may help normalize the U.S.-China relationship, visits like Rogers' delegation to Taiwan tend to have the opposite effect.

Persons: Mike Rogers, Tsai Ing, Adam Smith, WASHINGTON —, Rogers, Biden, Antony Blinken, Blinken, Janet Yellen Organizations: Republicans, U.S, Capitol, Taiwanese Ministry of Foreign Affairs, The Alabama Republican, House Armed Services, American Institute, Congressional, United, Bloomberg News, Treasury, Biden, ., National Security Council Locations: Afghanistan, Taiwan, Washington, Pacific, China, Beijing, WASHINGTON, Taipei, United States

☆ China's JD.com brings back veteran to lead new grocery business as rival Alibaba plans spinoffs
▼ + stars: | 2023-06-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

JD.com set up an "Innovative Retail" division that houses its grocery business 7Fresh. The "Innovative Retail" unit will house JD's grocery store business 7Fresh and group buying unit Pinpin, a spokesperson confirmed to CNBC. Yan Xiaobing, who retired from JD in 2021 after leading the company's international business, will return to head up the Innovative Retail group, the spokesperson said. Alibaba , JD's biggest e-commerce rival in China, split its company into six separate business units this year, the biggest restructuring in its history. One of the business units Alibaba separated out in its restructure is a "local services" group, which covers its food delivery and grocery businesses.

Persons: JD.com, Yan Xiaobing, Yu Rui, Hu Wei, JD's, Daniel Zhang, Alibaba, Eddie Wu, Joe Tsai, Sandy Ran Xu, Xu Lei, Xu Organizations: CNBC, JD, Innovative Retail, JD Logistics Locations: China

☆ Exclusive: Taiwan on alert for Chinese-funded election interference
▼ + stars: | 2023-06-21 | by ( Yimou Lee | ) www.reuters.com time to read: +5 min

"They hope to influence Taiwanese people by reaching out to the grassroots," said one Taiwan security official with direct knowledge of the matter. "They hope to influence swing voters who don't have particular political affiliation and would vote for whoever gives them benefits." It is illegal under Taiwanese law for an election campaign to receive money from "external hostile forces," including China. The report said the underground banking systems in Taiwan, which are widely known but difficult to regulate, could provide foreign exchange support. Some Taiwanese have been prosecuted in recent years over receiving illicit support from China in election campaigns.

Persons: Tsai Ing, China's, Wellington Koo, Tsai, Yimou Lee, Gerry Doyle Organizations: Reuters, National Security Council, Chinese Communist Party, Taiwan Affairs Office, Democratic Progressive Party, Mainland Affairs Council, Thomson Locations: TAIPEI, China, Beijing, Taiwan, Wellington, New Taipei City

☆ Jack Ma Ally Joe Tsai to Take Helm of Alibaba
▼ + stars: | 2023-06-20 | by ( Raffaele Huang | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, joseph, tsai, daniel, zhang

The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba's Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over Zhang as chairman. "The idea or expectation that one person could manage the business' crown jewel Cloud and at the same time manage the entire Alibaba Group is an unreasonable expectation." "It would be inappropriate for me to continue serving as chairman and CEO of both companies at the same time during the spin-off process." Alibaba thanked Zhang for his "extraordinary leadership in navigating unprecedented uncertainties affecting the company's business over the past few years." Wu, who co-founded Alibaba alongside Ma and Tsai over two decades ago, will continue to concurrently serve as chairman of Taobao and Tmall Group, Alibaba said.

Persons: Zhang, Joseph Tsai, Alibaba, Daniel Zhang, Eddie Yongming Wu, Alibaba's, Daniel, Brian Wong, Jack Ma, Joe, Eddie, Eric Chen, Wu, Ma, Tsai, Alipay, Jacob Cooke, Cooke, China's, J, Michael Evans, Abinaya, Brenda Goh, Scott Murdoch, Anne Marie Roantree, Josh Ye, Muralikumar Anantharaman, Christopher Cushing Organizations: Alibaba, HK, Tmall, Reuters, Cloud Intelligence Group, Analysts, Alibaba Health, Technologies, Thomson Locations: SHANGHAI, China, Hong Kong, Shanghai, Beijing, Japan, Spain, Australia, Thailand, Tokyo, Taobao, Bengaluru, Sydney

☆ Alibaba Is Replacing Chairman and CEO Daniel Zhang
▼ + stars: | 2023-06-20 | by ( Raffaele Huang | Yoko Kubota | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, joseph, tsai, daniel, zhang

☆ Who is Alibaba's new CEO Eddie Wu and chairman Joe Tsai?
▼ + stars: | 2023-06-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Eddie Yongming Wu will step in as CEO, while Joe Tsai will take over as chairman on Sept. 10. Eddie Wu, incoming CEOEddie Wu is one of the co-founders of Alibaba, who first served it as a technology director back in 1999. Joe Tsai, incoming chairmanAnother co-founder of Alibaba, Joe Tsai was appointed as the company chief financial officer until 2013 and currently serves as executive vice chairman. He is also the chairman of Alibaba's logistics unit Cainiao, as well as a member of the Taobao and Tmall division. Joe Tsai will take up the role of chairman at Alibaba after current chairman and CEO Daniel Zhang steps down.

Persons: BABA BABA, Daniel Zhang, Eddie Yongming Wu, Joe Tsai, Jack Ma, Eddie Wu, Alibaba, Wu, Eddie Wu's, shouldn't, Jacob Cooke, Cooke, Jp Yim, Tsai, Lazada, Michael Evans Organizations: Alibaba, Ant Group, CNBC, Getty, Brooklyn Nets Locations: China, U.S, Lazada, Europe, Singapore, Asia

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