An official at China’s central bank has said the institution is nearing the launch of its digital currency. Speaking at an event in China over the weekend, Mu Changchun, deputy director of the … (…
Monthly Archives For August 2019
China Liberal Education Files IPO Terms
China Liberal Education has filed to raise $7 million in a U.S. IPO. The firm provides educational and consulting services to students and companies in China. CLEU is a small firm and has grown in…
From Givenchy to Versace, big brands are apologizing to China
As tensions in Hong Kong continue to escalate after months of political unrest, China has sought to rein in international brands that have mistakenly identified the semiautonomous territory — and … ( read original story…
China’s Central Bank Gears Up to Launch it’s Own Cryptocurrency
2018. Kastelein has an Ad Honorem – Honorary Ph.D. and is Chair Professor of Blockchain at China’s first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In … ( read…
Beijing condemns ‘radical Hong Kong protesters’ as state media releases videos of armed police and armored vehicles assembling nearby
Responding to the demonstrations, Beijing called for swift punishment, “without leniency, without mercy,” as armed police assembled nearby. … ( read original story …)
Versace apologizes to China after Hong Kong, Macau T-shirt gaffe
A Weibo user pointed this out using coloured underlines and question marks around the aforementioned regions, which are technically part of mainland China and not separate countries. Both areas … ( read original story …)
Softbank-Backed CloudMinds Is Seeking a $500 Million IPO for Cloud Robotics Technology
Should investors pay attention to this upcoming IPO? Robots are coming … Finally, virtually all of the company’s business today is in China. For a U.S.-based investor, this has several implications … ( read original…
WiMi Hologram Cloud IPO: What You Need To Know
The IPO Terms Beijing, China-based WiMi Hologram Cloud Inc. is planning to offer 4 million ADSs, representing 8 million of its Class B ordinary shares, in an IPO, according to preliminary prospectus. … ( read…
Indian Firms Big on Blockchain But Gov’t Still Myopic on Crypto
It appears that the Indian government is mirroring China’s movements with regards to blockchain and cryptocurrency. A huge project by Indian mobile network operator, Reliance Jio, plans to roll out … ( read original story…
China’s bank lending weakened in July, suggesting Beijing’s stimulus efforts not working
Chinese monetary data for July was weak across the board, suggesting that Beijing’s efforts to galvanise new lending are not having the intended effect. Chinese banks extended 1.06 trillion yuan … ( read original story…
New figures show U.S.-China trade war is hurting Germany – Europe’s economic motor
Like a sleek Mercedes crunched between two freight trucks, Europe’s economy is being knocked off course by the conflict between the U.S. and China over trade. The bill for damages from the U.S … (…
Versace apologizes over China T-shirt blunder
Luxury fashion brands Versace, Coach, and Givenchy have apologized for making perceived affronts to China’s national sovereignty with T-shirts listing Hong Kong and Taiwan as separate countries. … ( read original story …)
ByteDance launches new search engine in China
has launched a new search engine in China, entering a sector currently dominated by Baidu Inc. Beijing-based ByteDance is moving beyond its core businesses in news and video and into work-place … ( read original…
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