Blockchain company ShareRing will use Tencent cloud services for digital identification and travel documents to help tourism-reliant countries in Southeast Asia open their borders again. ( read original story …)
BUSINESS
China Sees Little Fallout From Ant IPO Suspension
Fang Xinghai, vice chairman of the China Securities Regulatory Commission, says international investors have responded “quite well” to the suspension of Ant Group Co.’s initial public offering. He … ( read original story …)
Crypto exchange crackdown, bond on hold: Blockheads
The crypto exchange crackdown continues, miners can’t pay for electricity, and a $3 billion blockchain-based bond is paused. ( read original story …)
Baidu Paying $3.6 Billion for JOYY’s China Live-Streaming Business
Baidu, China Internet search and AI giant, has agreed to pay $3.6 billion in cash for the Chinese live-streaming business of JOYY. The deal may help Baidu catch up in the fast-growing live and ……
Ant IPO Timing Depends on Beijing, CSRC’s Fang Says: NEF Update
The four-day Bloomberg New Economy Forum kicked off with business and political leaders taking on issues from the economic fallout of the coronavirus pandemic to the future of global trade and climate … ( read…
China a step closer to US in brand value
China has continued to narrow the gap to long-standing leader the United States in an annual measurement of national brand value, despite the world’s top 100 most-valuable nation brands registering a … ( read original…
China’s crackdown on crypto intensifies and Bitcoin miners are next
Bitcoin miners in China suffer a hike in electricity following the government’s clampdown. Roughly 74% of miners express dissatisfaction as they hope to move to a more friendly environment. It appears … ( read original…
Bitcoin Primed For Surprise $3 Billion China Shock
China Construction Bank, the world’s second-largest bank by assets, is planning to raise $3 billion from a sale of bonds that can be bought with … ( read original story …)
Why China Stopped The Ant Group’s IPO (Part 2): Ant’s Dangerous Business Model
Ant’s businesses are very complex. It isn’t easy to understand them. You can’t get a full picture from either a financial or a technological perspective…” – A Wall Street analyst … ( read original story…
China’s Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks
Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country … ( read original story …)
Zilliz raises $43 million as investors rush to China’s open source software
For years, founders and investors in China had little interest in open source software because it did not seem like the most viable business model. Zilliz’s latest financing round shows that attitude … ( read…
$3 billion blockchain bond sale delayed ‘until further notice’
The listing of China Construction Bank’s blockchain-based debt issuance bonds has been delayed “at the request of the issuer” until further notice, according to a Nov. 13 statement from the Fusang … ( read original…
Bitcoin Primed For Surprise $3 Billion China Bank Bond
China Construction Bank, the world’s second-largest bank by assets, is planning to raise $3 billion from a sale of bonds that can be bought with … ( read original story …)
ADVERTISEMENT
