Genworth Financial and China Oceanwide Holdings Group Co. can’t seem to put the finishing touches on their agreement for Oceanworth to buy Genworth, a … ( read original story …)
BUSINESS
Chinese bourses roar in 2020 with best year for IPOs in a decade
Stock exchanges in mainland China and Hong Kong had their most successful year for initial public offerings in a decade in 2020, raising a combined $119 billion or roughly 45% of the global total. The…
China’s CDC shoots down the latest wild coronavirus origin story
Reports circulated on social media on Monday in China claiming that the novel coronavirus had been detected on auto part packaging, including foreign brands. Chinese CDC officials shot down the … ( read original story…
China wants Jack Ma’s Ant Group to give up consumer data
China’s regulators are trying to get Jack Ma to do something the beleaguered billionaire has long resisted: share the troves of consumer-credit … ( read original story …)
Fashion designer Pierre Cardin remembered in China as a pioneer who inspired brands like L’Oreal to follow in his footsteps
French fashion designer Pierre Cardin is revered by fashion lovers and designers in China for bringing haute couture chic to the country as its reform and opening-up era began. ( read original story …)
Chinese Regulators Try to Get Jack Ma’s Ant Group to Share Consumer Data
Beijing is trying to get Jack Ma to do something the beleaguered billionaire has long resisted: share the troves of consumer-credit data collected by his financial-technology behemoth. ( read original story …)
UPDATE: Genworth looks to cost cutting, including possible job reductions, with China Oceanwide deal on indefinite hold
That could include a partial IPO for its U.S. mortgage insurance business … family-owned international financial holding company based in Beijing, for $5.43 per share or $2.7 billion. ( read original story …)
China has condemned one of the nation’s top bankers to death after he was found guilty of accepting $277 million in bribes
Ex-finance official Lai Xiaomin has been sentenced to death after he was found guilty of taking $277 million in bribes. ( read original story …)
2021 Crypto Preview: Here’s What’s Coming Next
Over the last few years, crypto has seen its share of ups and downs. Pundits are everywhere when it comes to guessing the next all-time-high, or trying to pinpoint what level … ( read original…
Crypto AM shines its Spotlight on EdenBase & its ‘Cognitive Revolution’
I haven’t until now stepped in to write an introduction but in this moment find myself compelled to. When two … ( read original story …)
The Plot Thickens On NYSE ADR Delisting Reversal As Mainland China Rallies On
The mid-morning announcement that the NYSE would not be delisting the three US-listed Chinese telecom companies reversed early morning losses as both Hong Kong and China booked gains on strong volume. ( read original story…
With China Oceanwide $2.7B Deal to Buy It Stalled, Genworth Eyes Partial IPO
Genworth Financial and China Oceanwide Holdings Group Co. can’t seem to put the finishing touches on their agreement for Oceanworth to buy Genworth, a … ( read original story …)
Why Your 2021 Resolution Should Be to Buy More Blockchain Stocks
While it was obscured by the pandemic and overshadowed by bitcoin’s surge, blockchain technology — which underlies all cryptocurrencies — had something of a moment last year. With blockchains being … ( read original story…
