City Hangzhou Financial News

Alibaba, a prominent Chinese tech company, had been subject to control by the ruling Communist Party. However, the Asian Games taking place in Alibaba's hometown are presenting a valuable opportunity.

Visitors to China can now buy digital yuan tokens with overseas cards via the central bank’s official CBDC mobile app.

Team India's shooting trio, Divyansh Panwar, Rudrankksh Patil, and Aishwary Tomar, clinched gold in the men's 10 m air rifle team shooting event at the ongoing Asian Games in Hangzhou on Monday. Their impressive score of 1893.7 not only secured the top spot but also shattered China's world record of 1893.3 points set in August 2023. The silver medal was bagged by South Korea, with a total of 1890.1 points. China fell way behind to secure the bronze with 1888.2 points. This is India's first gold in the Asian Games Hangzhou. «Shooting their way to the top. First gold for India @RudrankkshP, @DivyanshSinghP7, and Aishwary Pratap Tomar have hit the bullseye and secured the st Gold for India in the 10m Air Rifle Men's Team event at the #AsianGames2022.

China swept the first gold medals at the Asian Games in Hangzhou on Sunday in a statement of intent on day one of the region's answer to the Olympics. China claimed the first gold when Zou Jiaqi and Qiu Xiuping dominated the women's lightweight double sculls rowing to kick off a medal rush for the home nation. The Chinese pair finished in 7min 6.78sec, with Uzbekistan's Luizakhon Islamova and Malika Tagmativa taking silver — almost 10 seconds behind. «I am very excited as it's my first Asian Games,» said Zou, clutching her gold medal. «Stepping on to the podium today is a new starting point to help us prepare for next year's Paris Olympics,» said Qiu. Indonesia's Chelsea Corputty and Rahma Mutiara Putri won bronze. The hosts soon doubled up on the rowing lake as the men's lightweight double sculls gold was won by Fan Junjie and Sun Man, who finished five seconds clear of India's Arjun Lal Jat and Arvind Singh. China won six of the seven golds at the Fuyang Water Sports Centre rowing venue on Sunday morning with only Hong Kong's Lam San-tung and Wong Wai-chun getting in on the party by winning the men's pairs. China's shooters also claimed the women's 10m team air rifle. The hosts' rip-roaring start to the 19th Asian Games, which end on October 8, continued as Sun Peiyuan won the first martial arts gold. Sun successfully defended his men's changquan wushu title from 2018, ahead of Indonesia's Edgar Xavier Marvelo with Macau's Song Chi-kuan third. «I'm so very excited, I'm lost for words,» said Sun. China won 10 of the first 11 golds in the early action on Sunday.King Qin makes splashSwimming is one of the highlights of the Games and will see seven finals later on Sunday at the Hangzhou Olympic Centre Aquatic Sports Arena,

India's Asian Games 2023 medal campaign as the country won two silver medals — one each in rowing and shooting. Lightweight men's Double Skulls pair Arvind Singh and Arjun Lal Jat won Silver medal in rowing while the the 10m Air Rifle women's team comprising Ramita Jindal, Mehuli Ghosh and Ashi Chouksey grabbed the second spot. In both the events China won gold. In shooting, Ramita and Mehuli finished second and fifth respectively to qualify for the finals in the individual event. In rowing, the Indian pair won Bronze in the 2018 edition of Asian Games and were ranked 11th at the Tokyo Olympics. Indian rowers will fight it out in as many as nine finals this Sunday and Monday. Men's double skills pair Satnam Singh and Parminder Singh also advanced to the medal round after coming first in their repechage.

Organising Committee of the Hangzhou Asian Games and the Olympic Council of Asia (OCA) have taken up the matter with the Chinese government over the denial of entry into the country for three Indian wushu players from Arunachal Pradesh, who have qualified for the Asiad. The three female Wushu players — Nyeman Wangsu, Onilu Tega and Mepung Lamgu — were scheduled to fly out to China on Wednesday night from IGI Airport in Delhi. But have not been able to reach China till Friday, a day before the Opening Ceremony and two days before the start of the Wushu competitions. There are conflicting reports here in Hangzhou with some officials claiming that two of the three Wushu players have received e-accreditation (which for the Asian Games also serves as a visa) but could not download and validate it, while the third player did not get the accreditation.

PTI said on Wednesday. The IOA has named Indian Hockey team captain Harmanpreet Singh and Olympic medallist boxer Lovlina Borgohain to be the flag-bearers at the opening ceremony of the Asian Games in Hangzhou on September 23. “We arrived at the decision after much deliberation today," Indian contingent Chef de Mission Bhupender Singh Bajwa told PTI.

Harmanpreet Singh and Olympic medallist boxer Lovlina Borgohain will be the flag-bearers of the Indian contingent during the opening ceremony of the Asian Games in Hangzhou on September 23. The Indian Olympic Association (IOA) took the decision on Wednesday to have joint flag-bearers for the continental showpiece. A total of 655 Indian athletes are competing in the Asian Games this time, which is the largest contingent ever. «We arrived at the decision after much deliberation today,» Indian contingent Chef de Mission Bhupender Singh Bajwa told PTI. «This time we will have two flag-bearers leading the contingent at the Asian Games — hockey captain Harmanpreet Singh and boxer Lovlina Borgohain,» added Bajwa, who is also Wushu Association of India chief. Star javelin thrower Neeraj Chopra had done the honours at the opening ceremony of the 2018 Jakarta Asian Games. Lovlina had won a bronze medal at the Tokyo Olympics in the 69kg category.

Shenzhen, China, is readying a new digital yuan giveaway as the city looks to showcase the CBDC at a range of upcoming sporting events.

Rohan Bopanna, hockey great P R Sreejesh and TT legend Sharath Kamal, are gearing up for one last hurrah at the Asian Games. Both Sharath and Rohan are still pulling off world class performances in their 40s while 35-year-old Sreejesh remains the proverbial wall of the Indian hockey team. The other big names who are expected to say goodbye to the continental event include wrestling veteran Bajrang Punia, squash star Dipika Pallikal, tennis player Ankita Raina and discus thrower Seema Punia. All of them might be in the twilight of their careers but remain medal contenders at the Games.

Saurav Ghosal, Joshna Chinappa and Dipika Pallikal, synonymous with Indian squash over the past two decades, have unfinished business going into what could be their last appearance at the Asian Games. Ghosal and Joshna, who both turned 37 recently, will be featuring in their sixth Asian Games, a testament to their remarkable longevity in a physically demanding sport like squash. A week way from celebrating her 32nd birthday, Dipika will be entering her fourth and in all probability last Asian Games.

Asian Games in Hangzhou. The country will be vying for top honours across 39 sporting disciplines, including individual and team events.

North Korea has 191 athletes signed up for the Asian Games starting next week, according to organisers, suggesting the country is poised to end its more than three-year isolation from the global sporting arena. North Koreans are listed on the Games' website for accredited media to compete in the Chinese city of Hangzhou in sports including athletics, gymnastics, basketball, football, boxing and weightlifting. North Koreans were similarly down to compete at a weightlifting tournament in Cuba in June, but they failed to show. North Korea closed its already tight borders in early 2020 following the outbreak of the pandemic and skipped the Tokyo Olympics, which were pushed back to 2021 because of Covid. It was then banned by the International Olympic Committee from the 2022 Beijing Winter Olympics for failing to take part in Tokyo. There have been recent signs that the border restrictions have been eased slightly, with a taekwondo team allowed to travel to a competition last month in Kazakhstan. Prior to that, North Korea had not sent any of its domestic athletes to overseas competitions since the pandemic. The sporting action at the Games in Hangzhou starts on September 19, four days before the opening ceremony, with North Korea scheduled to face Taiwan in men's football that day. Leader Kim Jong Un is said to be an avid sports fan and Games hosts China are North Korea's longtime ally and main economic benefactor. North Korea has traditionally been especially strong in weightlifting, dominating the event at the Jakarta Asian Games in 2018 with eight golds. Ri Song Gum and Rim Un Sim, who both won gold in the women's weightlifting five years ago, are scheduled to appear in Hangzhou. But North Korea has also been among the

Gold Coast Mayor Tom Tate has picked a fight with Victorian Premier Daniel Andrews, saying cancelling theCommonwealth Games was “un-Australian” and would be the only thing he is remembered for.

Praggnanandhaa along with three other quarter-finalists, will undergo a four-day tactical camp here from August 30.

sportspersons were on Friday cleared by the Sports Ministry to compete at the Hangzhou Asian Games, surpassing the 572 athletes in the last edition of continental showpiece in Jakarta in 2018. The Indian Olympic Association (IOA) had recommended 850 athletes for event to be held in Hangzhou from September 23.Track and field events have got the pride of place as 65 athletes — 34 men and 31 women — are part of the huge contingent. Sportspersons in 38 disciplines have been cleared, with a total of 44 footballers — 22 players in men's and women's sections respectively — figuring in the list.Hockey constitutes the third-highest number of athletes at 36, with the ministry clearing 18 players each in the men's and women's sections. The list also includes the men's and women's cricket teams, comprising 15 members each respectively. Shooting sport, in which India has performed consistently in the continental showpiece, will see a big 30-member contingent competing in Hangzhou, while a 33-member sailing contingent has also been cleared. The ministry has not cleared any male athlete in weightlifting, gymnastics, handball and rugby.

A Chinese government official has been sentenced to life in prison for both illegitimate business operations of running a 2.4 billion Chinese Yuan ($329 million) Bitcoin mining enterprise and unrelated charges of corruption. 

semiconductors. These so-called strategic, emerging industries now account for over 56% of Hefei’s industrial output, compared with less than 27% in 2013. Whatever local officials have been doing, it appears to be “the right mix of industrial policy and private-sector mojo," says Robin Xing, an economist at Morgan Stanley and a Hefei local.

Hockey India president Dilip Tirkey has said that the national men's team will travel to Pakistan for qualifiers in case it fails to directly qualify for the 2024 Paris Olympics by winning gold at the upcoming Hangzhou Asian Games, starting September 23. The team winning the continental event gold shall receive direct berth in the quadrennial extravaganza as per rule but other nations need to play the qualifiers and this time venues identified are Pakistan and Spain. «We will be trying to get the job done in Hangzhou.

Business Insider on 1 August, quoting a report from South China Morning Post. Incorporated on 20 July in Hangzhou city, the agrotech startup is called '1.8 Meters Marine Technology (Zhejiang) Co', said the report, adding Ma's off of investment holdings companies, Hangzhou Dajingtou No. 22 Arts and Culture Co., invested a 10% stake in the startup.

sun bears might be humans dressed in bear costumes, after a video of a bear standing on its hind legs sparked speculation online. The zookeepers released a statement from the perspective of Angela, a Malaysian sun bear, emphasizing that not all bears are large and menacing, and that sun bears are actually petite, being the smallest bear species in the world, according to reports. The video led to suggestions that the bear might be a person in a bear costume due to its slender legs and fur folds resembling a human. However, the zoo spokesperson refuted these claims, asserting that the bear in the video is real and that there is no deception happening at the state-run facility. He pointed out that a human wearing a bear suit in the scorching 40°C (104°F) summer temperature would not be able to last more than a few minutes before collapsing. To dispel further doubts, the zoo is arranging visits for reporters to witness the bears firsthand. Sun bears are relatively small, comparable in size to large dogs, standing at a maximum of 1.3 meters (50 inches) tall on their hind legs, unlike larger bear species such as grizzlies, which can reach up to 2.8 meters in height.