Weekly News No 108 – Chinese student accommodation – Cannes festival – Apple investments – Donald Trump

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  • LEVEL 1: Chinese student buys $24M apartment in Vancouver

    It is well known that many wealthy Chinese families have already moved to Vancouver, resulting in higher house prices in the whole city. Earlier this year, some newspaper even said that about one third of people who bought a house in Vancouver last year were Chinese, and another news last week reported that a young Chinese student just bought the 16th most expensive house of the city for $24 million. What about you, did you buy something interesting last week?

  • LEVEL 2: 69th Cannes International Film Festival kicked off

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    The 69th Cannes International Film Festival kicked off last Wednesday evening in France and it will last until May 22nd. Despite the fact that China is the world’s fastest growing film market, for the first time since 1992 there are no Chinese films in any categories. Chinese movies fans are all disappointed, of course, but they could still see big Chinese movie stars like Gong Li, Li Bingbing or Nini walk on the famous red carpet to introduce their new movie.

  • LEVEL 3: Apple invests $1 billion into Didi

    China’s largest ride-hailing application Didi Chuxing, which was formed when Didi Dache and Kuaidi Dache merged, said last Friday that it has received $ 1 billion in strategic investment from US tech giant Apple Inc. Choosing to support Didi rather than Uber in the Chinese ride-hailing game will bring Apple closer to domestic firms, and may even help improve its relations with Chinese authorities. The friendly red envelope could also be a chance for Apple Pay, as people are more and more likely to be offered to pay their rides via three main apps: WeChat Wallet, Alipay and Apple Pay.

  • LEVEL 4: Donald Trump's fans in China

    Earlier this month, Trump described China’s trade relationship with the U.S. as “rape”, adding that China was stealing U.S. jobs. China’s reply came one day after in The Global Times, where Trump’s ideas of foreign policy were called hollow, nationalistic and inconsistent: “Trump is seriously wrong about how economies work in the present world”. With that in mind, it is surprising to see that in fact more and more Chinese support him, and some of his fans created a group on Weibo where they call him “honest, sharp, and with the guts to say things normal people fear to say”. One social media user even qualified him as “the king of doing what he says”