Didi Chuxing Technology Co. plans to bring its ride-hailing services to Western Europe, Bloomberg reported, citing “people familiar with the matter.” The move could boost the firm’s valuation ahead of … ( read original story…
Monthly Archives For February 2021
China grocery market to reach US$1.62tn by 2022
New data from IGD reveals that the growth of China’s grocery market will remain robust, with total value reaching US$1.62tn by 2022. ( read original story …)
Planning to Short Bitcoin? Better Check China’s ‘Tether Premium’ First
Bitcoin analysts say this week’s quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether. ( read original story …)
China Poses ‘Biggest Geopolitical Test’ to U.S., C.I.A. Nominee Says
William J. Burns, President Biden’s nominee for C.I.A. director, pledged to increase surveillance of China with an emphasis on technology, and to investigate mysterious attacks that sickened C.I.A. ( read original story …)
China Hands Out Free Money, Adds Chengdu To Digital Yuan Test Cities
The southwestern Chinese city of Chengdu will give out over $6 million in the latest test drive of the central bank’s digital currency. ( read original story …)
CIA nominee calls China an ‘authoritarian adversary,’ vows to intensify competition with Beijing
His confirmation is expected to easily pass with strong bipartisan support similar to the majority of Biden’s national security team. ( read original story …)
China’s Infant Formula Market Loses Allure for Reckitt Benckiser
The promise of surging baby-formula sales in China fueled Reckitt Benckiser Group Plc’s $18 billion acquisition of Enfamil maker Mead Johnson. Only four years later, the U.K. company is considering … ( read original story…
No Place To Hide As Pullback Continues In China
They also noted US Senate Majority Leader Chuck Schumer proposing legislation to “out-compete China and create new American jobs” by providing financial support to US technology companies. ( read original story …)
Biden will review tech supply chains to reduce dependence on China
President Biden is reviewing supply chains for processors, batteries and other key tech companies to reduce dependence on China. ( read original story …)
Jeff Hatfield assembles a syndicate with some A-list public investors in the mix as Vividion adds $135M raise
Back when Vividion put together its $82 million B round more than a year ago, I speculated that the startup was probably gearing up for an IPO. That still hasn’t happened, but they may be…
China’s Hony Capital-backed SPAC looks to raise $300 mln in U.S. IPO- the Information
A blank-check firm backed by HonyCapital, which has investments in TikTok owner ByteDance andWeWork’s China unit, is looking to raise $300 million in an U.S.initial public offering, the Information … ( read original story …)
China Wants Your Data — And May Already Have It
When COVID hit, a Chinese firm offered to set up testing labs in the U.S., which could have given it access to DNA data. The U.S. says this is part of China’s effort to collect…
CHIF Announces Entry into Cryptocurrency, Blockchain and Digital Asset Arena
China Food and Beverage Company (OTC Pink: CHIF), today announced that the Company will be entering the cryptocurrency, blockchain and digital asset technology arena. The management of CHIF believes … ( read original story …)
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