In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. ( read original story …)
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China EV Maker XPeng Seeks to Raise Up to $1.11 Billion in IPO
Chinese EV producer XPeng filed for an IPO, seeking to raise up to $1.11 billion by selling 85 million ADSs at $11 to $13 each. ( read original story …)
US-China: Is Huawei ‘too big to fail’?
Washington’s latest sanctions have been likened to a ‘death sentence’ on the telecoms group but some say that is premature … ( read original story …)
$50bn in cryptoassets moved out of China in the past year
Report may indicate investors could be using stablecoin Tether to dodge rules to limit capital flight from China. ( read original story …)
Bitcoin Has Lost Its Way: Here’s How to Return to Crypto’s Subversive Roots
Bitcoin has traded its radical potential for the prospect of mainstream adoption. It’s not worth it, writes Rachel-Rose O’Leary. ( read original story …)
Chinese EV maker Xpeng sets terms for $1 billion US IPO
X peng, which manufactures smart electric SUVs and sedans in China, announced terms for its IPO on Friday. The Guangzhou, China-based company plans to raise $1.0 billion by offeri … ( read original story …)
Xpeng seeks to raise up to US$1.1 billion in New York IPO as electric car maker prepares to challenge Tesla in China
China’s electric car start-ups are rushing to raise capital to fight for market share in the world’s largest car market where sales are forecast to triple by 2025. ( read original story …)
Chinese EV maker XPeng looks to raise up to $1.11 billion in U.S. IPO
Chinese electric vehicle manufacturer XPeng Inc said it is hoping to raise up to $1.11 billion in its U.S. initial public offering, seeking to ride the enthusiasm for EVs even as U.S.-China relations … (…
Beijing parades strength in waters off Taiwan
China has completed a three-day live-fire exercise in the East China Sea in an intensification of its sabre rattling at Taiwan, the self-governing island Beijing regards as a renegade province.China’s … ( read original story…
China supercharges its 5G investments
Chinese operators investing heavily in 5G radio access networksCombined 5G capex of more than $12 billion in H1Huawei, ZTE and (less so) Ericsson share the … ( read original story …)
China’s CBN still short of 5G cash and answers
China Broadcasting Network (CBN) is far behind 5G rivals, stymied largely by funding challenges, and time is running out. ( read original story …)
Energy transition away from coal in China will yield benefits
China is the world’s largest producer and consumer of coal. A team of international scientists led by Stony Brook University’s Gang He, Ph.D., contend that China needs to transition away from coal to … (…
US-China relations: Middle East countries under pressure to take sides against Beijing: former Chinese envoy
US allies in the Middle East are coming under growing pressure to pick sides against China, posing a challenge to Beijing’s plans for a bigger economic foothold in the region, according to a former ……
