China’s billionaires saw their biggest wealth gains in recent history, adding $1.5 trillion to their fortunes from a spate of IPOs and tech growth, according to a new report. ( read original story …)
Monthly Archives For October 2020
Intel Sees Opportunity in U.S.-China Tensions’ Impact on Supply Chains
While China is a big market for the company, CEO Bob Swan said he also aims to expand its role in 5G infrastructure as the U.S. and other countries have limited Huawei’s involvement in their…
China is rapidly producing new billionaires despite Covid-19
In total, China has 2,398 individuals with a net worth of more than 2 billion yuan ($290 million), the cut-off for being on the list. The rich listers have a combined wealth of $4 trillion,…
China’s Number of Billionaires Surges As Country’s Superrich Thrive Amid Pandemic
China’s business elite cashed in during lockdown and brought in $1.5 trillion this year, according to today’s Hurun Report. ( read original story …)
Sweden bans Huawei, ZTE from 5G, calls China biggest threat
Sweden is banning Chinese tech companies Huawei and ZTE from building new high-speed wireless networks after a senior security official called China one of the country’s biggest threats … ( read original story …)
US-China telecom war is here to stay
But when it comes to telecom policy it is almost guaranteed that the US will not change course. Today’s hardline approach has been a long time coming, recognizing that China’s telecom policies have … (…
China Market Update: Ant Group IPO Date Speculation Grows, China’s Uber Slayer Didi Chuxing Enters IPO Rumor Mill
We also had news that China’s Uber UBER slayer Didi Chuxing is considering a 2021 IPO. As a result, Hong Kong’s volume leaders were Alibaba Hong Kong, which gained +0.74%, followed by Tencent, which ……
Delivery service criticized in China for suspending BTS-related packages
A Chinese delivery service that said it had stopped transportation of all packages related to BTS is under fire for the statement posted to a local social media platform. ( read original story …)
Beijing FTZ to motivate city’s office market
The newly established free trade zone in Beijing is expected to revive the gloomy office market in the capital, driven by demand from companies related to technology, finance and medicine, which will … ( read…
Genworth Financial Special Situation Arbitrage Continues Providing Rich Opportunities
Special Situation. Special Situations are opportunities to invest where the money is likely to be made regardless of which way the existin … ( read original story …)
China Mobile 9-Month Net Profit Slipped 0.3%
China Mobile Ltd. said its net profit edged down 0.3% during the first three quarters of the year, as lower margins dragged on its bottom line despite an increase in revenue. The telecom carrier on…
China offering untested COVID-19 vaccines
People, including health workers and international students, are being offered an unproven COVID-19 vaccine for £50 in China. ( read original story …)
Why a coronavirus vaccine is politically valuable to China
Focusing on the coronavirus vaccine is a useful way for China to squeeze out room for more difficult questions about its initial response to COVID-19. ( read original story …)
