China has raised objections to what it called U.S. bullying of Sri Lanka after Washington said the Indian Ocean island must make “difficult but necessary choices” regarding its ties with China. ( read original story…
Monthly Archives For October 2020
On The March: Ant Group, China’s Fintech Sensation
With a name belying its giant ambitions, China’s Ant Group on Tuesday launched a history-making $34 billion IPO in Hong Kong and Shanghai. Backed by Jack Ma, China’s richest man who founded the … (…
Chinese companies are leading the global IPO rush amid a ‘flight from uncertainty’
Greater China stock exchanges accounted for 45% of global IPOs in the first three quarters of the year, according to CNBC analysis of data from EY. ( read original story …)
Ant Group IPO To Rocket Alibaba Founder Jack Ma’s Wealth
Chinese tech titan Jack Ma is set to become the world’s 11th richest person after the financial arm of his e-commerce titan Alibaba raises billions in a mammoth public listing, according to the … (…
China reports surge of asymptomatic coronavirus cases in Xinjiang
China reported the highest number of asymptomatic novel coronavirus infections in nearly seven months on Monday following the discovery of a cluster of cases linked to a garment factory in the … ( read original…
China is testing millions of people in Xinjiang for Covid-19 after one asymptomatic case found
China has rolled out mass coronavirus testing for nearly 5 million people and imposed lockdown measures in the prefecture of Kashgar in the far western region of Xinjiang, after a single asymptomatic … ( read…
US moves closer to expanding tech export controls list as competition with China for future technology builds
The US has completed a public comment period on finalising a list of technologies critical to American national security that will be subject to stringent export control rules.The list is part of the … (…
The U.S.-China cold war is coming to financial markets
“This was the first time such a big listing … was priced outside New York City,” Ant Group founder Jack Ma said. ( read original story …)
Ant IPO By the Numbers: It’s Bigger Than Finland’s GDP
The 2008 Beijing Summer Olympics opening ceremonies began at 8 p.m … which is down 8% over that period. Ant’s IPO was expected to attract investors from all over the world and that’s borne out…
Hong Kong leader to visit Beijing to discuss plans to revive economy
Hong Kong leader Carrie Lam will travel to Beijing next week for a three-day visit to discuss plans to revive the global financial hub’s economy which has been battered by the COVID-19 pandemic and ……
China’s NEV sales to account for 50% of all new sales by 2035, industry body says
Sales of new energy vehicles (NEV) will make up 50% of overall new car sales in China, the world’s biggest auto market, by 2035, an industry official said on Tuesday. ( read original story …)
China will impose sanctions on Boeing and Lockheed Martin over Taiwan arms sales
Beijing said Monday that it will impose sanctions on American companies — including Lockheed Martin, Boeing, and Raytheon — that have been involved in selling weapons to Taiwan. ( read original story …)
Why China Evergrande’s Investors Can’t Afford to Force a Default
To understand why some of China Evergrande Group’s strategic investors agreed to throw the embattled developer a $13 billion lifeline last month, look no further than their own sources of revenue. ( read original story…
