China represents one of the biggest consumer markets in the world. Can that potential profit offset the problems of investing for multinational corporations? Apparently, yes. ( read original story …)
BUSINESS
China’s entrepreneurs get back to business
The rebound in the world’s second-largest economy means life is returning to some semblance of normality for many business owners … ( read original story …)
Why tech IPOs are flourishing in the U.S. and China — but not Europe
According to PitchBook, Europe has seen just 26 venture capital-backed IPOs this year, compared to 70 in the U.S. and 92 in China. ( read original story …)
Ant Group Wins China Approval for Hong Kong IPO Plan
Jack Ma’s Ant Group Co. won a key approval from the China Securities Regulatory Commission for its listing in Hong Kong, paving the way for what could be the world’s biggest initial public offering, ……
Cuba, China, Russia elected to UN Human Rights Council; US brands it a ‘mockery’
Cuba, China and Russia on Tuesday were elected to the controversial U.N. Human Rights Council — moves that the U.S. branded a “mockery” of the body’s intended purpose and as proof the U.S. was right … (…
Fintech giant Ant Group wins approval from China’s securities regulator for jumbo IPO in Hong Kong
Ant Group has won approval from the China Securities Regulatory Commission (CSRC) for its blockbuster initial public offering in Hong Kong, according to people familiar with the matter. The Hong Kong … ( read original…
China regulator approves Ant Group’s Hong Kong IPO: IFR
China’s securities regulator has approved financial tech firm Ant Group’s Hong Kong leg of a planned dual-listing worth up to $30 billion, IFR reported on Monday citing unnamed people familiar with … ( read original…
Ant Group Is Said to Win China Approval for Hong Kong IPO Plan
The nod from China’s securities watchdog came later than expected, stirring speculation that Ant’s IPO was running into roadblocks. The company could raise about $35 billion in a dual listing in Hong … ( read…
Chinese consumers are buying more luxury goods during the pandemic — but they’re shopping closer to home, and European brands could feel the pinch
With travel restrictions in place, Chinese shoppers are buying luxury goods closer to home, and sales are going through the roof. ( read original story …)
Bitcoin Surpasses $11,000; China’s Currency Insurgency
Stone Ridge Asset Manager purchased $100 million worth of bitcoin to make it the firm’s “primary treasury reserve asset.” … ( read original story …)
Which Country Wields Most Power in Asia? U.S. Leads But China Is Catching Up
China is closing in on the U.S. as the most powerful country influencing the Asia-Pacific, as America’s handling of the Covid-19 pandemic tarnishes its reputation, a study showed. ( read original story …)
China passes new law restricting sensitive exports
Under the law, China can take “reciprocal measures” toward countries or regions that abuse export controls and threaten its national security and interests. Export controls under the law will apply to … ( read original…
Source: Joe Biden Is The ‘Big Guy’ Referenced in Hunter’s Massive China Business Deal
We may need to give Hunter Biden a gift basket. He dropped off his MacBook Pro for repairs in Delaware in April of 2019 but forgot to pick it up. ( read original story …)