Three of China’s largest state-owned companies announced plans to delist from US exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of …
Monthly Archives For August 2022
China’s Huobi founder looks to sell stake for over $1 bln- Bloomberg News
The founder of China’s Huobi Group, which runs one of the world’s largest cryptocurrency exchanges, is in talks with investors to sell his almost 60% stake in the exchange for over $1 billion, …
National Crypto Scam Shocks The Country; SC Advocate Nappinai Says ‘RBI Needs To Act’
The National Crypto scam exposed by Republic TV had a huge impact on thousands of honest Indians whose hard-earned money was swindled by fintech Apps.
Latvia and Estonia leave China-backed East Europe forum in new setback for Beijing
The move follows China’s boosting of its relations with Russia, whose invasion of Ukraine is seen as a possible first step in a series of moves against countries that were once part of the Soviet…
‘Moon Man’ is just what China’s box office needs after months of lockdowns
A Chinese sci-fi comedy about an astronaut stranded on the moon has shattered summer box office records in China, providing much-needed lift to the world’s second largest cinema industry that …
Crypto Entrepreneurs Bankman-Fried, Sun in Talks to Buy Majority of Huobi Global Exchange: Report
however this could be the first instance of a majority stake sale by one of the bigger crypto firms. Huobi’s existing investors, which includes ZhenFund and Sequoia China, were informed about Li’s …
China’s State-Owned Travel Retailer Returns With Slimmed Down IPO
China Tourism Group Duty Free is planning to raise around $2 billion from a Hong Kong initial public offering, returning to the market after pulling a deal at the end of last year.
China’s Huawei says first-half profit drops 52% as demand weakens
Huawei Technologies said on Friday its first-half net profit more than halved as a difficult economy curtailed demand from customers, compounding woes brought by U.S. technology restrictions. “While …
Analysis: China’s sharper focus on military option for Taiwan raises risks with U.S.
As the dust settles from China’s military exercises around Taiwan, the message is clear: the military will uphold China’s claim on the island in a challenge to the United States that will keep tension …
Property Developers in China’s Hefei Urge Curb on ‘Malicious Protests’
A group of property developers in the eastern Chinese city of Hefei urged the local government this month to crack down on what they described as “malicious protests” by homebuyers, according to a …
Property Developers in China’s Hefei Urge Curb on ‘Malicious Protests’
A group of property developers in the eastern Chinese city of Hefei urged the local government this month to crack down on what they described as “malicious protests” by homebuyers, according to a …
China’s Huawei says sales down but new ventures growing
Chinese tech giant Huawei says its revenue fell in the first half of 2022 but new ventures in autos and industrial technology helped to offset a decline in smartphone sales under U.S. sanctions.
China’s Huawei says sales down but new ventures growing
Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S.
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