China has continued its bitcoin crackdown by making all cryptocurrency transactions illegal. The Chinese central bank issued a statement on Saturday, seeking to clarify a joint notice from regulators in May which told financial institutions to step away from all cryptocurrency activity, signalling an end to the country’s involvement in the speculative digital assets. “In recent years, bitcoin and… Read more »
The Australian government has accused China’s Ministry of State Security being behind a global hack of Microsoft’s Exchange email system earlier this year. The announcement, released by Foreign Affairs Minister Senator Marise Payne late on Monday night, alongside Home Affairs Minister Karen Andrews and Defence Minister Peter Dutton, coincidences with similar findings announced by leading… Read more »
Over the past few weeks, the Chinese government’s crackdown on big tech companies has intensified. The giants have all felt the brunt of heightened regulatory scrutiny. At the end of last year, Ant Group (which owns the payment platform AliPay) failed to go public on the stock market. Chinese regulators cited a lack of compliance… Read more »
China’s state-run anti-monopoly bureau has tightened its regulations on big tech players, as shown by its recent move against the country’s largest e-commerce company, Alibaba Group. Alibaba was hit with a record antitrust fine of 18.2 billion yuan (more than A$3.6 billion) over the weekend for supposedly abusing its market dominance. The company, which operates… Read more »
A Chinese data company profiled Atlassian co-founders Scott Farquhar and Mike Cannon-Brookes among 35,000 Australians
National security is like sausage-making. We might enjoy the tasty product, but want to look away from the manufacturing. Recent news that Chinese company Zhenhua Data is profiling more than 35,000 Australians isn’t a surprise to people with an interest in privacy, security and social networks. We need to think critically about this, knowing we… Read more »
In an age of isolation, video sharing platform TikTok has emerged as a bonding force for many. But recent headlines allege the service, owned by Beijing-based company ByteDance, is feeding users’ data to the Chinese Communist Party. Earlier this week, the Herald Sun reported that an unnamed federal MP was pushing for the app to… Read more »
Hackers are targeting Australia: Scott Morrison flags ‘state-based’ attacks – and it all points to China
Prime Minister Scott Morrison said Australian organisations are currently being targeted by “a sophisticated state-based cyber actor” in a media conference that appears to escalate the ongoing war of words with China. “This activity is targeting Australian organisations across a range of sectors, including all levels of government, industry, political organisations, education, health, essential service providers… Read more »
China Money Network cofounder Nina Xiang will be sharing her in-depth insights into Chinese tech as part of this year’s Visiting Entrepreneur Program (VEP).
National Australia Bank (NAB) has announced a collaboration with Chinese payment platform Alipay that will allow its merchants to take payments from customers via Alipay.
Australia’s transaction value through Alipay during China’s Golden Week holiday last week ranked 9th globally, with the number of transactions up 105 percent on 2017.
Sinorbis, whose marketing platform helps brands develops and execute their marketing for Chinese consumers, has raised a $4 million Series.
The Global Sydney Landing Pad Program will be developed and coordinated by Haymarket HQ, Australia’s only Asia-focused innovation hub, supporting businesses looking to expand and invest into Sydney.
Meditrav is looking to capitalise on the growth of medical tourism and develop the market in Australia, with an initial focus on attracting Chinese patients.
According to a report released earlier this year by ecommerce giant Alibaba, Australia is the third largest importer into China on its Tmall platform, following just Japan and the United States. With Alibaba estimating that the cross border ecommerce market could be worth $125.5 billion in China by 2019, the opportunities for Australian companies are… Read more »
Localisation is everything, but too many businesses ignore this and come with a set “China strategy” that fails to make distinctions about the different parts of the market