BY SILVI WRITER China’s securities regulator launched a formal investigation of debt-ridden fugitive businessman and disgraced entrepreneur Jia Yueting (贾跃亭) and Leshi Internet Information & Technology Corp., the Shenzhen-listed unit of LeEco, which Jia founded. Both are being probed for alleged violations of information disclosure regulations, according to a regulatory filing Monday by Leshi. Leshi said the company and Jia will actively assist in the regulator’s … Continue reading Jia Yueting: from challenger to Apple, Tesla to ‘debt-ridden fugitive’
BY CHINA DAILY Shocking details of how a former student from a top Chinese university allegedly killed his mother in 2015－and then kept her rotting corpse from being discovered as he evaded the police for nearly four years－surfaced after his arrest on April 20. The man, now 24, managed to keep his whereabouts under the radar with the help of more than 30 ID cards … Continue reading Suspect in killing found by facial tech
BY SILVI WRITER A former Peking University student suspected of killing his mother has been captured after three years on the run, said a Fuzhou Public Security Bureau official on Thursday, China Daily reported. Wu Xieyu, 24, was caught at Chongqing Jiangbei International Airport when boarding a plane on April 21, the newspaper reported, quoting sources close to the police. When they detained him, police … Continue reading Uni student, 24, suspected of killing mom arrested after three years on the run
BY THE PEOPLE’S DAILY A recently released survey report on the employment of returning Chinese citizens who have studied overseas revealed that the once popular group is now facing unsatisfactory jobs and salaries, China Youth Daily reported on April 23. Nearly 30 percent of overseas returnees surveyed who found their first job in 2018 earn less than 100,000 yuan (about $14,895) a year, not much … Continue reading China’s job market no longer crazy about overseas returnees
BY THE PEOPLE’S DAILY From Southeast Asia to Africa and Europe, a total of 125 countries and 29 international organizations have signed Belt and Road Initiative (BRI) cooperation documents with China as of March 27, 2019, accounting for over 40 percent of global GDP. The second Belt and Road Forum for International Cooperation, a leading platform for international cooperation under the framework of the BRI, … Continue reading What is the Belt and Road?
BY CHINA DAILY US auto giant Tesla said on April 22 that no one was hurt in a vehicle self-ignition accident at an underground garage in Shanghai and it has sent a team to the scene. According to the Xinmin Evening News, the self-ignition of a white Tesla sedan took place at about 8 pm on April 21 at a community garage in Shanghai’s Xuhui … Continue reading Tesla probes car self-ignition case in Shanghai
BY SILVI WRITER and GLOBAL TIMES Naval vessels from 13 countries are taking part in the upcoming Chinese maritime parade in celebration of the People’s Liberation Army (PLA) Navy’s 70th anniversary on Tuesday in Qingdao, East China’s Shandong Province, where the host will debut its new warships. China’s naval experts denied reports calling the parade China’s military muscle show, but an indication that the PLA … Continue reading Maritime parade ‘NOT a muscle show’