Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for a more than $6 billion valuation in its New York debut as the grocery app joins Asian tech startups seeking to tap into…
Monthly Archives For June 2021
Hong Kong pro-Beijing legislators intervene in judicial appointment
Pro-Beijing legislators have successfully intervened for the first time in a senior judicial appointment in Hong Kong, in what lawyers said was the latest attack on the city’s cherished independent …
China issues furious response after Canada condemns human rights record
Canada leads more than 40 countries in voicing concern over Xinjiang, Hong Kong and Tibet, sparking clash at UN …
Here’s why China’s crackdown on crypto mining could be good for bitcoin
Bitcoin continued its volatile streak on Tuesday, starting the day with a tumble below the key $30,000 level and then a rally completely back into positive territory. It briefly turned negative for …
China’s Full Truck Climbs in Debut After $1.6 Billion IPO
Full Truck Alliance Co., an Uber-like trucking startup, rose 13% in its trading debut after raising $1.6 billion in one of the year’s biggest U.S. initial public offerings by a Chinese company.The …
China’s Dingdong Targets Over $6 Billion Valuation in U.S. IPO
Chinese grocery app Dingdong said on Tuesday it was aiming for a valuation of over $6 billion in its initial public offering in the United States. (Reporting by Niket Nishant in Bengaluru; Editing by …
Hong Kong Set to Hold First Trial Under Beijing’s Security Law
Hong Kong’s first trial under national security legislation imposed by Beijing is set to start, offering the first glimpse of how such hearings will be conducted.
Amazon bans 3 more Chinese brands amid crackdown
Amid e-commerce giant Amazon ongoing crackdown on attempts by sellers to solicit positive consumer reviews three more Chinese consumer brands have been banne …
Evening Update: Trudeau challenges China to probe its mistreatment of Uyghurs as Beijing attacks Canada’s Indigenous record
Also in the news today, two former CannTrust executives and a director have been charged in a 2019 cannabis growing scheme at an Ontario facility …
Engineering exports in May up; shipments to China fall
“The US topped as India’s export destination for engineering goods. Shipments to the country jumped 56 per cent to USD 1,022 million in May compared to USD 655.37 million in the corresponding month …
Venture capital firm Blockchain Capital raises $300 mln from PayPal, Visa
Blockchain Capital, a cryptocurrency- and blockchain-focused venture capital firm, raised $300 million in funding for its Fund V from investors including PayPal Holdings Inc (PYPL.O) and Visa Inc (V.N …
China’s Full Truck Climbs in U.S. Debut After $1.6 Billion IPO
Full Truck Alliance Co., an Uber-like trucking startup, rose as much as 20% in its trading debut after raising $1.6 billion in one of the year’s biggest U.S. initial public offerings by a Chinese …
China’s Full Truck Alliance Revs Up in Market Debut
Full Truck Alliance switched into high gear Tuesday as the Chinese trucking startup raised $1.6 billion in its IPO and rose in its first day of trading. Stocks Rise as Powell Testifies and Bitcoin …
