Tag: China

‘Goddess of Wealth’ caught in police fraud case, 61,000 Bitcoins recovered

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Desk Report: Chinese national Zhimin Qian, also known as Yidi Zhang, has pleaded guilty to the world’s largest cryptocurrency fraud. He pleaded guilty at Southwark Crown Court in London on Monday. London’s Metropolitan Police said Qian ran a massive fraud ring in China between 2014 and 2017, defrauding more than 128,000 people of their money. He then converted the money into bitcoin and deposited it. A total of 61,000 bitcoins (worth around £5 billion or $6.7 billion) were seized in the case. It is the largest cryptocurrency fraud case in…

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China sentences 11 members of notorious Ming mafia family to death

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Desk Report: A Chinese court has sentenced 11 members of the notorious Ming family to death. The BBC reported, citing state broadcaster CCTV, that the convicted individuals operated a fraud and crime ring in the Myanmar town of Laukai. A total of 39 people were sentenced in the verdict announced in the eastern Chinese city of Wenzhou on Monday (September 29). Of these, 11 were sentenced to death, five others were given two-year suspended death sentences, 11 were given life sentences and the rest were given sentences ranging from five…

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China’s Xiaomi is planning to develop a new generation of chips

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Desk Report: Chinese smartphone maker Xiaomi is planning to develop a new high-end chip for its smartphones. The company has taken this initiative to establish more control over its own hardware, following the path of rivals such as Apple and Samsung. Xiaomi Vice President Xu Fei confirmed the matter to CNBC, saying that the company is planning to develop a new generation of system-on-chip. However, they cannot promise to bring new chips to the market every year like Apple. Xu Fei said, “We are new in this, we need to…

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How a teenager made a rocket at home using cheap materials

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Desk Report: A Chinese teenager from a village has impressed many with his passion for building rockets. This year, he has secured a place in the university’s aerospace engineering department through his persistence and hard work. Zhang Shijie, 18, is from Hunan Province. He became interested in building rockets when he was just 14 years old, sitting with his father and watching a live broadcast of a rocket launch on television. He recently happily announced that he has been admitted to Shenyang Aerospace University, one of China’s leading aerospace research…

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TikTok sale finalized, worth $14 billion: Trump

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Desk Report: US President Donald Trump announced in an executive order on Thursday that the sale of Chinese-owned video sharing platform TikTok has been finalized. The sale has valued TikTok at $14 billion. He also said that his plan to sell TikTok’s US operations to US and international investors would meet national security requirements set out in the 2024 law. According to Reuters, US Vice President JD Vance said the new US company would be valued at about $14 billion. He said the market value of the popular short video…

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14 killed in Taiwan floods, over 700 flights canceled in Hong Kong

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Desk Report: Taiwan’s eastern region is hit by a terrible cyclone. Super Typhoon Ragasa hit Guangfu area at 4:30 am local time on Tuesday. As of the latest reports, this Category 5 hurricane has killed 14 people so far, and 124 are missing. According to a report by Qatari media outlet Al Jazeera, most of the dead are elderly. According to the Hualien County Fire Department, 34 more people in Guangfu area were seriously injured in the storm. Taiwanese media outlet Central News Agency reported that the situation has become…

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China is a close friend and reliable partner of Bangladesh: Chief Advisor

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Desk Report: Principal Advisor Professor Muhammad Yunus said Bangladesh and China will move forward together to advance their comprehensive strategic cooperative partnership, which will bring peace, prosperity and happiness to the people of both countries and the world. Terming China as Bangladesh’s ‘closest friend and most reliable partner’, the Principal Advisor expressed gratitude for China’s long-term trust, assistance and support to Bangladesh. The Principal Advisor made the remarks in a video message at a grand reception organized by the Chinese Embassy at a hotel in the capital on Wednesday night…

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Two teenagers urinated in restaurant soup, parents fined nearly 4 billion taka

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Desk Report: A court in Shanghai, China, has ordered the parents of two teenagers to pay 2.2 million yuan (over 3.76 billion 43 million rupees) in compensation. Because the two teenagers committed an indecent act at a popular restaurant called ‘Haidi Lao’ while drunk, damaging the restaurant’s reputation. The UK-based media outlet Independent reported that the incident took place on February 24 in a private room of the restaurant’s Shanghai branch. There, two 17-year-old teenagers climbed onto a table while drunk, urinated in a bowl of soup and recorded the…

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Chinese Ambassador pays courtesy call on Jamaat Ameer

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Desk Report: Chinese Ambassador pays courtesy call on Jamaat Ameer Jamaat-e-Islami Ameer Dr. Shafiqur Rahman has received a courtesy call from Chinese Ambassador to Bangladesh Yao Wen. The meeting was held at Jamaat-e-Islami’s Bashundhara office on Tuesday. This information was given in a press release sent by Jamaat-e-Islami‘s Publicity Department. Chinese Ambassador pays courtesy call on Jamaat Ameer Jamaat-e-Islami’s Secretary General Professor Mia Golam Parwar, Assistant Secretary General Advocate Ehsanul Mahbub Zubair and Director of the Political Section of the Chinese Embassy Zhang Jing were also present during the meeting.…

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Harvard’s top Chinese mathematician returns home

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Desk Reports: Renowned statistician and longtime Harvard University professor Liu Jun has returned to China permanently. He recently took up the position of ‘Tsinghua Distinguished Chair Professor at Tsinghua University’ in China, according to a report in the South China Morning Post, an English daily published from Hong Kong. Liu Jun’s permanent return to China is being considered a milestone. Especially in the context of the vision that China has set for itself, combining research in data science, biostatistics, and artificial intelligence with knowledge and social awareness, Liu Jun’s return…

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