While China reports GDP growth of just over 6% … Saudi Arabia is firming up its plans for an Initial Public Offering (IPO) of 5% of giant state oil enterprise Saudi Aramco. ( read original…
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WeWork has a complex and costly business in China, which it cites 173 times in IPO filing
WeWork owns 59% of ChinaCo, and its key investors in the joint venture are Softbank, Hony Capital and Trustbridge. According to WeWork’s website, the company has 115 buildings in Greater China. The … ( read…
China may use foreign exchange reserves to fight US financial war risk, analysts say
As the United States widens the conflict with China into the realm of finance, raising the possibility that Washington will use the US dollar payment system as a weapon, analysts are wondering … ( read…
9F IPO: What You Need To Know
A Chinese digital financial accounting platform is part of the IPO slate for the week. Beijing-based 9F Inc. is planning a 8.9-million share IPO, with the company offering 6.75 million ADSs and … ( read…
Trade tensions and a weaker yuan drive Chinese crypto demand, market players say
Measuring crypto trading volume in China or elsewhere is highly difficult. While digital wallets used to send and receive coins can be tracked on the blockchain technology that underpins most coins, … ( read original…
Can China’s state-run cryptocurrency compete with Facebook’s Libra?
But can it effectively counteract the threat to China’s financial system that Chinese officials say Facebook’s crypto project poses? Within a matter of weeks, China has gone from merely … ( read original story …)
Chinese lending platform Samoyed withdraws $80 million US IPO
The Shenzhen, China-based company was founded in 2015 and booked $55 million … The article Chinese lending platform Samoyed withdraws $80 million US IPO originally appeared on IPO investment manager … ( read original story…
China’s Digital Currency Is Unlikely To Be A Cryptocurrency
China’s adoption of digital payments has been astonishing. Alipay, owned and operated by Ant Financial, has more than 600 million average monthly users, an amount of people that is almost twice as … ( read…
China Distance Education Holdings Limited Reports Financial Results for Third Quarter Fiscal Year 2019
– Third Quarter 2019 Net Revenue Up 30.2% Year-Over-Year to $61.7 Million- – Third Quarter 2019 Net Income Up 84.1% Year-Over-Year to $9.4 Million- – Third Quarter 2019 Cash Receipts from Online … ( read…
Trump’s Olive Branch Whacks China With More Tariffs
1, along with more than 3,200 other product categories. Seemingly lost amid the sighs of relief: He is continuing to escalate the trade war against China and ensuring it will drag on for months. Along…
China’s economy worsens in July: Morning Brief
The move de-escalates Trump’s trade war with China, and amounts to a tacit acknowledgement by Trump that his tariffs might hurt American consumers too much. [Yahoo Finance] Unexpected inflation jump … ( read original story…
The Finance 202: Trump contains his inner Grinch, partially delaying new China tariffs
President Trump announced Tuesday that he is ending his war on Christmas. The president’s decision to delay some tariffs on $300 billion of Chinese imports set to take effect next month may have been ……
China Jinjiang Environment reports flat 2Q earnings of $30 mil as higher cost of sales and other losses offset revenue rise
Finance costs fell 5.4% to RMB60.3 million while income tax … Co — entered into a conditional agreement for the acquisition of 29.79% of the shares in China Jinjiang Environment, to become the … (…
