Lufax, which runs an online wealth management platform and retail lending technology platform, has hired Bank of America, Goldman Sachs, HSBC and UBS to bring in investors, the people familiar said. A … ( read…
Monthly Archives For August 2020
Shake Shack shrugs off trade war, opens outlet in Beijing
Antagonisms between China and the United States didn’t stop Beijing’s burger lovers from standing in line for hours for a bite of Shake Shack’s snacks. The New York … ( read original story …)
South China Sea Tensions: Beijing Tells Troops ‘Not to Fire the First Shot’
Both the U.S. and China realize that a minor incident could turn into an armed conflict in the tense waters of the South China Sea. ( read original story …)
China’s Xi Speeds Up Inward Economic Shift
China tensions deepening, President Xi Jinping is laying out a major initiative to accelerate China’s shift toward more reliance on its domestic economy. ( read original story …)
Donald Trump Claims China, Russia Will Grab ‘Plenty’ of Mail-In Ballots
The president issued his unsubstantiated claim as research showed all forms of voter fraud were extremely rare. ( read original story …)
China to Bring Up Measures Against WeChat and TikTok in Upcoming U.S. Trade Talks
A virtual meeting between U.S. and Chinese negotiators will likely take place as soon as this week though a date hasn’t been finalized … ( read original story …)
China to raise issues surrounding WeChat, TikTok in trade talks with U.S.: Bloomberg
Trade negotiators from the United States and China will discuss the implementation of the phase one trade deal in the coming days, with China likely to bring up issues surrounding TikTok and WeChat, … (…
SoftBank-Backed KE Set to Raise $2.1 Billion in U.S. IPO
KE Holdings Inc., a Chinese online property platform backed by SoftBank Group Corp. and Tencent Holdings Ltd., is poised to raise $2.1 billion as it plans to price its U.S. initial public offering … (…
China’s Tencent starts fund advisory services to tap asset management
Chinese tech giant Tencent Holding is making forays into fund advisory services, vying for a share of the potentially lucrative market with rival Alibaba Group Holding Ltd , which … ( read original story …)
China plans new science and technology university in Hunan amid increased rivalry with US
The move comes as China seeks to better compete with the US in core science and research amid increased economic rivalry. ( read original story …)
China’s CATL aims to make EVs drive further with new tech
China’s CATL , a Tesla supplier, said on Wednesday it is working on a new technology that will allow battery cells to be integrated with an electric car’s chassis, shedding traditional casings that … (…
China’s Jingzhou city says woman tests positive for coronavirus again after recovering
Jingzhou city in China’s central province of Hubei reported on Wednesday a coronavirus case where the person turned positive again after recovering months ago, the Jingzhou government said. ( read original story …)
China stocks drop most in two weeks on weak global sentiment, bank lending data
Chinese shares fell on Wednesday and were on course for their worst day in over two weeks due to souring global market sentiment and data showing softer growth in bank lending. ** At the midday…
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