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Regulation
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  • Tesla’s potential launch of its Full Self-Driving system in China is expected to help widen local availability of such autonomous vehicle technology
  • FSD, however, is unlikely to shake up the industry because Tesla’s domestic rivals have started to offer similar technologies

Hangzhou’s move marks the most aggressive measure to revive the local housing market, following an apparent green light from the nation’s top leadership last month.

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Eric Schmidt, the former chief executive of Google, said he had explored a possible purchase of TikTok, but has moved on from the idea of trying to acquire the video-sharing app from its Chinese owners.

Shenzhen and Wuhan have become the latest Chinese cities to ease home purchase restrictions to boost sales, as a growing number of major metropolises take steps to support the country’s slumping property sector.

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The stricter rules are not surprising since Australia has to protect critical assets, but collaboration with Beijing especially in sectors such as green energy would be unavoidable.

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Eight main districts in Hangzhou including downtown Gongshu and Shangcheng, as well as Tonglu county, will be open for self-driving vehicle tests from May 1.

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Six bitcoin and ether ETFs saw US$12 million in trading on Tuesday, compared with US$4.6 billion for US bitcoin ETFs on their first day.

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The owner of TikTok and its Chinese sibling Douyin has internally disclosed 61 misconduct cases involving employees who were fired or charged by authorities.

The US carmaker has passed a test of its compliance with Beijing’s data security rules thanks to a watershed decision it says could pave the way for the removal of some restrictions on the use of its cars in mainland China.

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China is demanding more and better research to unearth the technology of tomorrow – but a research culture based around titles and participation in certain programmes is limiting the potential of its scientists.

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The privately held social media giant has rejected a report that said it was ‘exploring scenarios’ to sell a majority stake in TikTok’s US operations.

Investigation into Yao Qian, who serves as the director of the department of technology supervision at the China Securities Regulatory Commission, comes amid an uptick in market reforms.

ByteDance-owned TikTok is set to pursue legal action challenging the constitutionality of the measure, which US President Joe Biden has signed into law.

China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.

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Once the most powerful figure in the crypto industry, Zhao stepped down as Binance’s chief last November, when he and the exchange admitted to evading anti-money-laundering requirements.

Beijing has relaxed its requirements for businesses sending data outside mainland China in finalised rules, but Hong Kong’s role in the new regime remains limited, according to legal experts.

In Jiangsu, workers who report clues could be rewarded with up to US$4,100, particularly if it leads to a criminal case involving national security.

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Authorities said to have entered premises of Dutch and Polish subsidiaries of a mainland firm involved in the manufacture of surveillance equipment.

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AliExpress, the international online retail platform of Alibaba, has been in talks to invest US$72.4 million to acquire a 5 per cent stake in Ably Corp.

Role of fund managers will be strengthened as cost of rule violations increases ‘substantially’, a lawyer says, while Goldman Sachs predicts higher ‘quality premium for large-cap stable growers’.