Shares in oil giants BP (+1.5%) and Royal Dutch Shell (+1%) have risen in early trading, following the rally in the oil price. This has helped to lift the FTSE 100 by around 10 points…
BUSINESS
Chinese facial recognition unicorn Megvii prepares China IPO
Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, … ( read original…
China’s Megvii kick-starts IPO on Shanghai’s Star Market after Trump added facial recognition giant to entity list
Facial-recognition developer Megvii abandoned its original Hong Kong IPO plan after the Trump administration placed it on a trade blacklist; it is now looking to list on Shanghai’s Star Market. ( read original story …)
Chinese IPO Qilian Doubles in U.S. Trading Debut
Two Chinese initial public offerings opened for trading Tuesday, with Qilian International Holding Group making a powerful debut. Shares of Qilian (ticker: QLI) doubled during its first day of trading … ( read original story…
Chinese IPO Qilian Doubles in Trading Debut
Two Chinese initial public offerings opened for trading Tuesday, with Qilian International Holding Group making a powerful debut. Shares of Qilian (ticker: QLI) doubled during its first day of trading … ( read original story…
US-China trade war: expect Biden to change tactics towards Beijing, but not the goals
It is clear Biden feels there is unfinished business from the Obama years that was not covered in Trump’s tariff-dominated approach to trade talks with China, and Beijing should not expect an end to ……
Blockchain Bites: Bitcoin Rebounds, Addresses Above 2017 Peak, Sci-Hub Decentralizes
Bitcoin bounced back, having found a floor of around $30,000 to stand on, while the call to “decentralize” the web has never been stronger. ( read original story …)
China-Australia relations: Chinese firm pulls out of US$230 million bid for Australian builder Probuild
State-owned China State Construction Engineering Corporation has withdrawn its offer to buy Australian builder Probuild in a deal reported to be valued at A$300 million (US$231 million). ( read original story …)
UK to use fines to target forced labor in China’s Xinjiang
Britain’s foreign secretary says U.K. companies will face fines unless they meet new government requirements showing their supply chains are free from forced labor in China’s Xinjiang region … ( read original story …)
Conflux Blockchain startup Sees $5M Investment From Shanghai Government
Conflux stands as a blockchain startup based in Beijing, and had received a research grant worth $5 million by the Changing District Government as well as the Shanghai Science and Technology Committee … ( read…
Ant Group fintech rival JD Digits restructures amid Beijing’s Big Tech crackdown
JD Digits, the finance arm of JD.com that was known as JD Finance until September 2019, has been restructured as JD Technology as the Chinese e-commerce giant adjusted its business structure and … ( read…
The Luxury Brand Playbook for 2021: Copying What Works in China
The marketing approach for 2021 will be to do globally what worked in China last year, from embracing content commerce to investing in livestreaming. ( read original story …)
Shanghai Government Invests $5M in Blockchain Startup Conflux
Public chain startup Conflux, backed by Huobi and Sequoia, has received a $5 million research grant from the Chinese government. ( read original story …)
