(Reuters) -China’s Ant Group, the fintech giant whose $37 billion IPO was derailed by regulators days before it was due to list in November, is to restructure as a financial holding company. The …
Monthly Archives For April 2021
China economy: bank loans hit record high in first quarter as authorities balance growth and debt risk
Quarterly lending was even higher than 7.1 trillion extended in the same period a year earlier, when Beijing unveiled its stimulus package to help combat the economic effects of the coronavirus …
China’s exports expected to soar 30% in Q1 amid rapid economic recovery
Driven by robust demand due to the rapid recovery in major economies, China’s exports are expected to rebound sharply in the first quarter of 2021 to reach a growth of about 30 percent year-on-year …
China’s Sinovac vaccine is 50.7% effective against COVID-19, just reaching the threshold to be a vaccine worth using, a major trial showed
A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get …
Amazfit GTR 2 eSIM now available in China for ¥1999 (~$305)
The Amazfit GTR 2 family added a new member last week. The new smartwatch is the Amazfit GTR 2 eSIM Edition and it joins the Amazfit GTR 2 and the Amazfit GTR 2e. The new…
Huawei to invest $1 billion on auto technology
“China adds 30 million cars each year and the number is growing … sedans and the firm has teamed up with domestic players such as BAIC BluePark New Energy Technology Co. to develop smart car…
Applied UV Receives Patent for Pathogen Destroying Devices in China
“Including China, we have received ten crucial patents for our foundational pathogen destroying technology, which defines an exciting new path to address the global challenge of infection prevention …
Factbox-Ant Group to overhaul business as Beijing clamps down
BEIJING (Reuters) -Ant Group, the fintech group controlled by Chinese billionaire Jack Ma, will restructure as a financial holding company in a sweeping overhaul that underscores China’s determination …
Investing in China tech stocks is partly a bet on Beijing’s regulatory attitude, says NYU’s Damodaran
Investors are “making a joint bet on the company and its relationship with Beijing,” Damodaran, professor of finance at NYU Stern School of Business, told CNBC’s “Street Signs Asia” on Friday.
Ant to Be Financial Holding Firm in Overhaul Forced by China
China told Ant Group Co. to become a financial holding company that will be regulated more like a bank, directing an overhaul that was set in motion when the fintech giant’s record initial public …
China’s trial green zones show power of asset-backed financing
Pilot projects in six provinces are delivering cheaper energy while unlocking billions in funding through green loans.
China’s Ant Group to form a financial holding company after regulatory clampdown
Regulators have instructed Ant Group to become a financial holding company under their supervision and shrink its money market fund platform, Yu’ebao Ant Group, controlled by Chinese billionaire Jack …
China’s Ant to become financial holding firm under enforced revamp
China’s Ant Group, the fintech giant whose $37 billion IPO was derailed by risk-wary regulators days before it was due to list in November, will restructure as a financial holding company, the country …
