China’s transition from a producer of low-cost … Yet domestic spending on Chinese brands, a key indicator of modernization, remains a concern. While this should pick up in time, it is an area … (…
BUSINESS
Ant Alumni Who Cashed Out Before IPO Flop Have Big Ambitions
Source: Bloomberg And yet, as the slap-down of the Ant IPO illustrates, an age-old test hasn’t gone away: reading the Beijing tea leaves. Even as the world’s second-largest economy opens its markets … ( read…
Bitcoin, Blockchain Entrepreneur Malcolm CasSelle Passes
CasSelle, who led several blockchain-based projects and invested in multiple Bitcoin ventures, has passed away at age 50. ( read original story …)
Bitcoin, Blockchain Entrepreneur Malcolm CasSelle Dies At 50
Malcolm CaSelle, a pioneering blockchain technology and Bitcoin entrepreneur, has died at age 50, according to a social media post from friend and colleague E. David Ellington. “My younger brother, … ( read original story…
Bitcoin’s Rally Could Be Caused by a Supply Crunch in China
Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges. ( read original story …)
Investor: Ant Group Could Still Have Record IPO, Despite Setbacks
Ant Group’s expected initial public offering of stock was scuttled, but the internet giant still has fans rooting for an IPO, which would be the world’s largest. ( read original story …)
China And Facebook Perfect Storm May Have Created Wall Street’s Worst Nightmare
The race toward bitcoin and cryptocurrency-inspired digital currencies, kick-started by Facebook and China, is moving up a gear—and Wall Street’s biggest banks are beginning to feel … ( read original story …)
Global Luxury Sales Are on Track for a Record Decline in 2020. But Business Is Booming in China.
The personal luxury goods market, which includes clothes and jewelry, is expected to contract this year for the first time since 2009. ( read original story …)
The unravelling of the Ant IPO
The IPO of Jack Ma’s Ant Group would have been the largest in history: it was expected to raise $37bn at a valuation of $316bn. But just days before the stock market listing, China called…
Business Roundtable Chief Urges Biden to Ease Trump’s Tariffs on China
The head of the influential trade group of the nation’s largest companies says the move could be part of a new round of trade negotiations between the U.S. and China. ( read original story …)
Tencent joins forces with ShareRing to launch blockchain digital ID platform
Tencent and ShareRing are building a new digital identification system to help the beleaguered tourism industry get back on its feet. ( read original story …)
Beijing is casting more doubt on Hong Kong’s future as a financial hub
The disqualification of four Hong Kong legislators and the suspension of Ant’s IPO point to a discomforting conclusion: the city’s role as a business hub with an independent legal system is now … ( read…
Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute
China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, has released its 20th ranking of crypto projects. ( read original story …)
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