SHANGHAI/BEIJING (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private…
Monthly Archives For June 2018
HBL Elevated as Member Bank for Shanghai Cooperation Organisation
has been granted the status of membership bank, during the 14th council meeting of Shanghai Cooperation Organization Interbank Association (SCO-IBA), was held between 4th to 7th June, 2018 in Beijing, China. The Shanghai Cooperation Organisation…
China regulator gets Xiaomi’s IPO application: CSRC website
(Reuters) – China’s securities regulator has received on June 7 application from smartphone and connected device maker Xiaomi for its initial share offering in China, a filing on the regulator’s website showed. Xiaomi, which submitted…
Crypto’s 32-Year-Old Billionaire Mining King Considers an IPO
any estimate of the Beijing-based company’s value — and its owners’ wealth — inevitably involves a lot of guesswork. But that could be about to change. An IPO would not only open Bitmain’s books to…
Putin heads to Beijing for state visit with birthday buddy Xi Jinping
(CNN)Russian President Vladimir Putin arrives in China for a state visit Friday, his third trip in just over one year as Beijing and Moscow look to promote their special relationship. Warmer ties between the two…
Beijing’s price for peace: US troops must leave the Korean Peninsula
The best outcome for China from President Donald Trump and North Korean leader Kim Jong Un’s meeting will be the U.S. pulling troops out of the Korean Peninsula eventually. The “nightmare scenario” for Beijing would…
China’s Property Market: Bubble or Balloon?
Despite long-running international concerns about China’s property “bubble,” the market has proven quite resilient. The Chinese government has instituted various austerity measures to cool the market, but buoyant demand for property has helped avoid ……
China Huarong to refocus on bad loans amid probes into chairman, investment
BEIJING/SHANGHAI (Reuters) – China Huarong Asset Management Co Ltd (HKSE:2799.HK – News) will focus on its core bad debt business, the company said, amid investigations by the official anti-corruption watchdog of its chairman, Lai Xiaomin,…
China’s Ant Financial says raises $14 billion in funding round
SHANGHAI (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform by market share, said on Friday it had raised around $14 billion from investors including Singapore’s sovereign fund and U.S. private…
Ant Financial Raises $14 Billion as Latest Funding Round Closes
China’s Ant Financial, the payments giant controlled by Jack Ma, raised about $14 billion in its latest funding round as it accelerates the expansion of Alipay globally and develops new technology. The funding makes Ant…
China’s Ant Financial raises $14 billion to bolster global push
SHANGHAI/BEIJING (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform, said on Friday it had raised around $14 billion from investors including Singapore’s sovereign fund and U.S. private equity firm Warburg…
China’s Ant Financial raises $14 billion in new funds
China’s Ant Financial announced Friday that it raised around $14 billion in fresh funds from investors. The company, which was spun off from Alibaba , is a major player in China’s massive financial technology landscape.…
China moves to cash in after Trump exits Iran nuclear deal
China’s adeptness at doing business with Iran through state-owned companies not exposed to the American financial systems could make Beijing the big beneficiary of President Trump’s move to withdraw from the Iran nuclear deal and…