Chengxin, China’s top credit-rating firm, was banned from rating new bonds for three months, after an investigation found it ignored red flags at a state-owned coal miner whose default rattled the … ( read original…
BUSINESS
Kuaishou asks staff to work extra days ahead of Hong Kong IPO
Kuaishou is under tremendous pressure ahead of an IPO as it struggles to compete with rivals such as Douyin and Bilibili in the online entertainment sector. ( read original story …)
From the US to China, Korea, India and Europe, antitrust action against tech is gaining serious momentum
After decades of global expansion and consolidation in the tech sector, antitrust is now a headline issue for the industry across the world. What has been a slow and sputtering series of disparate … (…
Dada Group Included on Hurun’s Top 500 Private Enterprises in China List
China’s leading local on-demand delivery and retail platform, is pleased to announce the Company’s inclusion on Hurun Research Institute’s “China’s Top 500 Private Enterprises in 2020” list, based on … ( read original story …)
Forget “Tesla of China” NIO, Buy These 3 Chinese EV Stocks Instead
Currently, China is the world’s biggest EV market. But carbon-free transportation still accounts for just around 5% of the country’s total auto sales. The country plans to expand its EV market further … ( read…
China’s Top Tech IPOs Of 2020
Despite COVID-19 turmoil, many Chinese tech companies applied for IPOs this year as the demand for technology-enabled solutions rose among luxury consumers. ( read original story …)
China Seeking to Reduce Empire of Alibaba’s Jack Ma
Chinese officials and government advisers are seeking to pare down Jack Ma’s tech and financial empire, a media report says. ( read original story …)
HOW BLOCKCHAIN WILL TRANSFORM SUPPLY CHAIN SUSTAINABILITY:
Blockchain is a term that people, from finance to food safety to supply chain operations, are encountering. A recent World Economic Forum report states that around 10 percent of GDP by 2025 will be … ( read original…
16 Ethereum Predictions From a Crypto Oracle
China will go live with its Digital Currency Electronic Payment … Kids will trade NFTs of European Football League stars in the same way kids used to trade baseball cards. 15. Crypto VC will explode…
Warburg-backed Chinese edtech firm eyes $300m in US IPO, sources say
Zhangmen reportedly secured over US$400 million in funds from SoftBank, Genesis Capital, CPP Investments, and the World Bank’s IFC, among others … ( read original story …)
How Luxury Brands Can Ally China’s Rising Creative Communities
In post-lockdown China, three dynamic groups — gamers, LGBTQ+, and outdoor sports — have ballooned in popularity. But can luxury brands woo them? ( read original story …)
Why Luxury Brands Are ‘Putting on a Game Face’
That game has, over the last 11 years, grown consistently and become the most played PC game in the world. Since then, League of Legends has been incorporated into comic books, fashion, music, other ……
China shows Jack Ma what an activist can do
In July, my colleague Anjani Trivedi and I wrote that its IPO would run the risk of exposing how volatile and unsteady China’s financial regulations can be. A blockbuster listing felt almost too good ……
