Ecommerce 

JD.com describes lawsuit as ‘meritless’ after Minnesota student accuses Richard Liu of rape in US

JD.com said it will defend itself vigorously after a University of Minnesota student accused Richard Liu, the billionaire founder and CEO of China’s second biggest e-commerce company, of rape in a lawsuit filed in Minneapolis on Tuesday, four months after prosecutors declined to pursue a criminal case.The lawsuit, which JD’s lawyers described as meritless, also names JD.com as a defendant and seeks more than US$50,000 in damages. The student, Liu Jingyao, is identified in the complaint as a… Source link

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Home 

JD.com founder Richard Liu a no-show at China’s biggest political event despite being elected a delegate last year

Richard Liu Qiangdong, the founder of China’s second largest e-commerce player JD.com, was a conspicuous no-show at the country’s largest political event of the year this week.The Two Sessions meetings, comprising the National People’s Congress (NPC), the country’s top legislature, and the Chinese People’s Political Consultative Conference (CPPCC), the government’s political advisory body, include delegates from the country’s tech giants.The tech billionaires who make up the ranks of the NPC… Source link

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China 

‘No second choice’: Liu He, China’s man on the front lines of the trade war talks with the United States

Nine months ago, Liu He, the top economic aide to President Xi Jinping, told state media that China and United States had agreed during talks in Washington not to fight a trade war.His words were short lived as only a few days later US President Donald Trump unexpectedly decided to impose trade sanctions on China and start a prolonged economic battle between the world’s two largest economies.Last week, Liu, carrying the title of special envoy in addition to those of chief trade negotiator and… Source link

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China 

China, US will ‘redouble efforts and speed up’ trade talks, Chinese Vice-Premier Liu He says

Chinese Vice-Premier Liu He said China and the United States would “redouble efforts and speed up negotiations” on trade, as talks aiming to end a tariff war between the world’s two largest economies were extended for another 48 hours.Appointed President Xi Jinping’s special envoy, Liu is leading China’s latest trade negotiations in Washington. He said the two teams had made “positive progress” over the past two days in areas including the trade imbalance, agriculture, forced technology… Source link

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China 

China’s top trade negotiator Liu He to meet Donald Trump on Friday

China’s top trade negotiator Liu He will meet US President Donald Trump on Friday afternoon in Washington as the two nations race to reach a deal before the March 1 deadline for the US more than doubling its tariffs on US$200 billion worth of Chinese imports.The meeting, listed on the White House’s daily schedule for 2.30pm, will cap two days of top-level talks between the two sides.The news that Vice-Premier Liu had secured another face-to-face meeting with Trump raised hopes that the world’s… Source link

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Singapore 

Parliament: Bionix did not stop reversing in CFC Liu Kai incident despite repeated commands, says Ng Eng Hen, Singapore News

SINGAPORE – The Bionix armoured vehicle which collided into the Land Rover that Corporal First Class Liu Kai was driving, leading to his death, did not stop reversing despite repeated commands for its driver to do so, Defence Minister Ng Eng Hen revealed in Parliament on Monday (Feb 11). In the Nov 3 accident, the Bionix Infantry Fighting Vehicle stopped only after it mounted the driver’s side of the Land Rover – about eight seconds after it started reversing, said Dr Ng. An independent Committee of Inquiry (COI), as well…

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Money 

What do China’s reassignment of Liu Shiyu and Yi Human say about Xi Jinping’s policy priorities for the next few years?

China’s government made two significant appointments over the weekend, assigning two former bankers to key positions that underscore President Xi Jinping’s policy priorities for the next few years, as the nation’s economic growth loses its breakneck pace, while the financial markets must prepare for greater foreign competition and liberalisation. The government promoted Yi Huiman, chairman of the Industrial and Commercial Bank of China (ICBC), to head the China Securities Regulatory Commission (CSRC), the financial industry watchdog. Incumbent regulator Liu Shiyu, after helping to stabilise China’s 5 trillion yuan (US$742 billion)…

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Money 

Head of China’s securities watchdog Liu Shiyu replaced by top banker

The chairman of China Securities Regulatory Commission, Liu Shiyu, has been removed from his position, state media reported on Saturday. The head of the watchdog was replaced by Yi Huiman, the chairman of Industrial and Commercial Bank of China, Xinhua reported. Liu, who had been in charge at the CSRC since February 2016, will move to another position, the report said. Yi joined ICBC, China’s largest bank, in 1985 and took over as its chairman in 2016. More to follow … Source link

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China 

China, US ‘less belligerent, more cordial’ as delegation heads to Washington before Liu He

China and the United States appear committed to reaching a deal before March 1, when the trade war truce ends, even if they have not resolved differences over key issues such as forced technology transfers and Beijing’s state subsidies, analysts say. Both sides denied a report in the Financial Times this week that Washington had rejected a visit by two Chinese vice-ministers to prepare for a US trip by Vice-Premier Liu He from January 30 to 31. That delegation – led by Commerce Vice-Minister Wang Shouwen and Finance Vice-Minister Liao…

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Home 

China’s Vice-Premier Liu He accepts invitation to Washington this month for trade war talks

Chinese Vice-Premier Liu He has accepted an invitation to lead a Chinese delegation to Washington at the end of this month with the purpose of reaching a deal to end the trade war, according to a source who has been briefed on the arrangement. Liu, who is overseeing China’s trade negotiations with the United States, is expected to meet US Trade Representative (USTR) Robert Lighthizer and US Treasury Secretary Steven Mnuchin during the two-day visit, the source added. The trip will take place on January 30 and 31, dates previously…

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