Bing Ji was named general manager of BlackRock’s newly launched wealth management joint venture in Shanghai, BlackRock CCB Wealth Management, a spokeswoman confirmed Friday…
On Wednesday, BlackRock said that the joint venture it unveiled last August with a subsidiary of China Construction Bank and Singapore investment company Temasek had garnered regulatory approval to start operations…
BlackRock said it holds a majority 50.1% stake in BlackRock CCB Wealth Management. CCB Wealth Management Co., a wholly owned unit of China Construction Bank, has 40% and Temasek holds the remaining 9.9%.
So the lawmakers can’t be happy about the latest development in Orlando, where the National Basketball Association this year has held its abbreviated season (in what they call the “bubble,” keeping all teams in one city to mitigate against the effects of COVID-19), and is now in the midst of its championship series between the Los Angeles Lakers and the Miami Heat. As I will explain in a moment, Chinese-style censorship has come to central Florida.
The “woke”NBA – whose players (with few exceptions) wouldn’t stand for the Star-Spangled Banner but do stand human rights abuses in China – had a bumpy reopening last week following this year’s shutdown due to COVID-19.
So did one of its top broadcast partners, ESPN.
As Breitbart (aggregating reports from Outkick.com and The Athletic) reported on Sunday, NBA/ESPN saw its television ratings drop on Friday night following the numbers the league saw on the night of its return from dormancy on Thursday. The sports-starved American public apparently doesn’t have an appetite for millionaire athletes complaining about “systemic racism” while they kneel for the National Anthem and at the same time refuse to decry human rights abuses by the communist Chinese.
Meanwhile ESPN reported about the NBA’s involvement with a training academy in the Chinese province of Xinjiang, where millions of Uigher Muslims … Read More ➡
Apple Inc. and CEO Tim Cook have gone big in efforts to capture consumers and profits in the People’s Republic of China, so the current outrage from the rest of the world over its obedience to the communist government – as it cracks down on dissent – appears to be a minor irritant not worth addressing.
Following the NBA’s cowardice last week – as the normally media-savvy league known for outspokenness against injustice by its executives, coaches and players suddenly turned mute after a pro-Hong Kong tweet outraged the ChiComs – Apple acceded to China’s censorship wishes as well.