China has taken another step towards the integration of the country’s financial system with global markets that could see billions of dollars flow into Hong Kong. The Wealth Connect Programme would …
Monthly Archives For June 2021
China listing frenzy in U.S. set to be boosted by Didi IPO
Ride-hailing giant Didi Chuxing’s planned $4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half the year, despite political …
From Berlin to Beijing
For most people, the Second World War has always been “Hitler’s War,” a conflict between good and evil that ended with the destruction of one of the most murderous dictatorships in history.
China reports 24 new COVID-19 cases vs 16 a day earlier
China reported 24 new coronavirus cases in the mainland for Thursday, compared with 16 a day earlier, the health authority said.
China digital currency: could Beijing’s advanced e-yuan replace smaller Asian currencies?
Financial authorities are weighing threats to monetary sovereignty as the race to launch a central bank digital currency (CBDC) heats up.
Chinese ride-hailing giant Didi Chuxing plans to raise up to US$4 billion in US IPO
Didi Chuxing plans to sell 288 million shares at US$13 to US$14 each in its US IPO. The sale could value the entire firm at US$67 billion, compared with US$95 billion for Uber Technologies.
China’s Bitmain suspends sales of cryptomining machines after Beijing’s mining ban
Bitmain, China’s biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure on the secondary market following Beijing …
First COVID-19 case could have hit China in Oct 2019 – study
The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study showed on…
Nike chief executive says group is ‘of China and for China’
Nike chief executive John Donahoe gave an impassioned defence of his company’s business in China, months after the world’s largest sportswear brand became ensnared in a wider consumer backlash there …
China’s Didi seeks to raise nearly $4 billion in IPO
Didi Global Inc., the Beijing-based ride-hailing company, is targeting a valuation of $62 billion to $67 billion in its IPO, according to its latest …
Chinese ridesharing giant Didi aims for $60 billion valuation in IPO
Chinese ride-hailing giant Didi plans to list the equivalent of 72 million shares of Class A common stock on the New York Stock Exchange under ticker DIDI.
Didi Sets Valuation Target of $62 Billion to $67 Billion in IPO
The Chinese ride-hailing company looks to raise $3.9 billion at midpoint of its price range.
Shenzhen Breathes Sigh of Relief as Covid Flare-Up Subsides
Southern China’s trading hub Shenzhen breathed a sigh of relief after mass Covid-19 testing found no new infections among the city’s more than 12 million residents, easing fears of new flare-ups.
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