Rescue Fund Powers Real Estate Rebound

China Last Night KraneShares Key News Asian equities were a sea of red on light volumes following the US equity market’s Friday fall in advance of the Fed’s anticipated 75bps interest rate hike. Hong Kong-listed internet stocks followed their US counterparts’ move on Friday lower overnight. The Financial Times reported that a three-tier system of…

Chinese Ride-Sharing Giant Didi Global Fined More Than $1 Billion In Year-Long Cybersecurity Probe

Didi’s ride-sharing app. Costfoto/Future Publishing via Getty Images Chinese authorities have decided to impose an 8 billion yuan ($1.2 billion) fine on embattled ride-sharing giant Didi Global, after a year-long investigation uncovered what was described as “serious” violations of the country’s data security laws. The country’s now all-powerful cybersecurity watchdog, the Cyberspace Administration of China…