The IPO Terms Beijing, China-based WiMi Hologram Cloud Inc. is planning to offer 4 million ADSs, representing 8 million of its Class B ordinary shares, in an IPO, according to preliminary prospectus. … ( read…
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Indian Firms Big on Blockchain But Gov’t Still Myopic on Crypto
It appears that the Indian government is mirroring China’s movements with regards to blockchain and cryptocurrency. A huge project by Indian mobile network operator, Reliance Jio, plans to roll out … ( read original story…
China’s bank lending weakened in July, suggesting Beijing’s stimulus efforts not working
Chinese monetary data for July was weak across the board, suggesting that Beijing’s efforts to galvanise new lending are not having the intended effect. Chinese banks extended 1.06 trillion yuan … ( read original story…
New figures show U.S.-China trade war is hurting Germany – Europe’s economic motor
Like a sleek Mercedes crunched between two freight trucks, Europe’s economy is being knocked off course by the conflict between the U.S. and China over trade. The bill for damages from the U.S … (…
Versace apologizes over China T-shirt blunder
Luxury fashion brands Versace, Coach, and Givenchy have apologized for making perceived affronts to China’s national sovereignty with T-shirts listing Hong Kong and Taiwan as separate countries. … ( read original story …)
ByteDance launches new search engine in China
has launched a new search engine in China, entering a sector currently dominated by Baidu Inc. Beijing-based ByteDance is moving beyond its core businesses in news and video and into work-place … ( read original…
US-China trade war leaves Europe as collateral damage
FRANKFURT – Like a sleek Mercedes crunched between two freight trucks, Europe’s economy is being knocked off course by the conflict between the U.S. and China over trade. The bill for damages from the ……
Luxury brands apologise over China T-shirt blunders
Luxury fashion brands Versace, Coach, and Givenchy have apologised for making perceived affronts to China’s national sovereignty with T-shirts listing Hong Kong and Taiwan as separate countries. … ( read original story …)
What China’s grab for tech superpower status means for the West
Slated to give a talk in Toronto on Sept. 4 as part of the Rotman Institute for International Business Speaker Series, Fannin spoke to the Star about the challenge that China’s grab for tech super…
China’s Lowest Bond Yields Since 2016 Look Really Juicy to Some
(Bloomberg) — China’s benchmark government debt is the closest in years to yielding just 3%. Escalations in global trade tensions since April have put a damper on sentiment, helping spur a rally in … (…
China’s sovereign digital currency is ‘almost ready’: PBOC official
YICHUN, China/BEIJING (Reuters) – China’s central bank is “almost ready” to issue the country’s own sovereign digital currency, a senior central bank officer said. Mu Changchun … ( read original story …)
China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 for three consecutive sessions
The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday. Analysts were expecting the Chinese central bank to set the midpoint at 7.0331 per dollar, ……
China stocks rally as tech, financial firms shine
SHANGHAI, Aug 12 (Reuters) – China stocks rallied on Monday as Beijing showed support for its capital markets by relaxing margin financing, while demand for tech stocks also boosted the indexes. ** … ( read…
