The Shanghai Stock Exchange postponed the offering one day after regulators summoned Jack Ma and other executives of the financial technology giant. ( read original story …)
Monthly Archives For November 2020
INSTANT VIEW-China halts Ant Group’s mega IPO
The Shanghai and Hong Kong stock exchanges on Tuesday suspended Ant Group’s IPO, which was initially set for Thursday, in a stunning setback for what was on track to be the world’s largest-ever share ……
China’s E-commerce Start-Up iDS BuyBuyBuy Raises $40 Million
It serves as an exclusive partner for an increasing amount of overseas niche beauty and healthcare brands to enter the Chinese market. ( read original story …)
China Suspends Jack Ma’s Ant Group Shanghai IPO After Warning
China has suspended the Shanghai leg of Ant Group Co.’s $35 billion offering, potentially derailing the world’s biggest initial public offering. ( read original story …)
China sent a half-million tons of food to North Korea, report says
China is quietly ramping up food assistance to North Korea and may have sent as many as 600,000 tons of grain this year, according to a Japanese press report. ( read original story …)
China keeps 20 per cent sales target for home-grown electric cars by 2025, calling controversial industrial plan by another name
The Made in China 2025 plan charted China’s ambitions to lead the world in 10 key areas of technology by the middle of the next decade, from 5G telecommunications to artificial intelligence and … (…
China’s Xi Warns of Rising Risks as Party Charts Course for Five Years
Chinese President Xi Jinping, commenting on the ruling Communist Party’s recommendations for the next five years, said on Tuesday said the country faces a significant increase in risks. Xi and the … ( read original…
China manufacturing: Stanley Black & Decker shuts Shenzhen factory as costs soar
Sudden closure after 25 years in the community reflects Shenzhen’s transition from manufacturing base to tech hub, but other factories are quick to swoop in and recruit those who have lost jobs. ( read original…
China’s Risky Bet on a Lonely Return to Greatness
China is facing growing hostility abroad. To offset that, the country will need the kind of tough reforms the West and its allies have long asked for—or make a major political course correction to ……
China tightens restrictions on Australian exports
China has stepped up trade restrictions against Australia, suspending imports of some timber and barley, the agriculture minister said Tuesday, amid tension over … ( read original story …)
Coronavirus live news: record new cases and deaths in Hungary; China reports 49 new cases
Hungary says 3,989 people have tested positive in 24 hours; China’s new cases are twice as many as day before … ( read original story …)
China tells Ant to expect scrutiny of credit business ahead of record listing: sources
China’s top financial regulators told Ant Group Co Ltd’s founder Jack Ma and two top executives that the company’s lucrative online lending business faces tighter government scrutiny, sources told … ( read original story …)
China’s Ant Expected to Double on Debut Amid Pent-Up Retail Demand: Fund Managers
China’s Ant Group is expected to double its market value on debut, as unmet demand from mom-and-pop investors and an impending inclusion in major global indexes could offset worries about tighter … ( read original…
