Despite the government’s best efforts to turn the lights off and shoo everyone away, crypto has clung on with surprising tenacity. According to a recent report by Kyros Ventures, supported by insights …
BUSINESS
Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market
China is the undisputed EV market leader. Fully electric vehicles accounted for over 23% of new car sales last year in China, with 6.68 million units sold. That’s up from 12% just two years ago…
Wilson tennis racket maker Amer Sports opens at $13.40 per share in market debut after pricing IPO at $13
Amer Sports, the athletic company behind the Wilson tennis racket and Arc’teryx, will begin trading on the New York Stock Exchange after discounting shares.
Amer Sports discounts IPO as investors fret about its reliance on China
Amer Sports raised $1.37 billion in a discounted U.S. initial public offering (IPO) on Wednesday, after investors expressed concerns about its growing reliance on China for its revenue. It was another …
China-Africa trade hit $282 billion in 2023 but Africa’s trade deficit widens, with commodity prices a key factor
Africa’s trade deficit expanded to US$64 billion as China recorded a drop in trade with top trading partners on continent – South Africa, Angola, Nigeria, DRC and Egypt – which are predominantly …
Exclusive-China tells Ukraine to remove its firms from ‘sponsors of war’ list
KYIV/BEIJING (Reuters) -China demanded on Thursday that Ukraine immediately remove more than a dozen Chinese companies from a list of firms designated as “international sponsors of war”, saying it wanted Kyiv to “eliminate negative impacts”.
Cryptocurrency thrives in China against odds, report says
A recent Kyros Ventures report highlights Chinese investors’ robust appetite for cryptocurrency, placing them second in stablecoin holdings globally.
China adds 382 to list of time-honored brands
China on Thursday added 382 brands to the list of the country’s time-honored brands, raising the total number to 1,455, according to the Ministry of Commerce. The ministry will take multiple measures …
China, Japan must nurture a stable and healthy relationship
China and Japan stand as important economic and trade partners for each other and both sides should maintain stable and smooth industrial and supply chains, and promote the healthy and stable development of economic and…
China’s economy suffers ‘soft start’ to 2024 despite manufacturing activity rebound
Official manufacturing purchasing managers’ index rose slightly in January, but the gauge remained in contraction for a fourth consecutive month Beijing still needs to buttress its economic recovery at the start of the year even…
UK Police Seized $1.77 Billion in Bitcoin from Chinese Investment Fraud + More Crypto News
The UK Metropolitan Police has seized more than £1.4 billion ($1.77 billion) worth of bitcoin (BTC). This is one of the largest crypto seizures of by law enforcement globally, according to the …
Fed Chair Powell Has Quietly Primed Bitcoin And Crypto For A $3.3 Trillion Price Boom
Federal Reserve chair Jerome Powell has held U.S. interest rates steady but primed the market for a cut this year, something that could help the bitcoin price to …
US pangasius imports down in 2023, but continuation of China trade war could present opportunity
While U.S. pangasius imports dropped in 2023, so did tilapia imports, from 234 million pounds in 2022 to 187 million pounds through November 2023. The price for frozen tilapia fillets from China is …
