North Korea’s estimated crypto hacking haul is over $2 billion. Blockchain forensics and cybersecurity experts discussed the extent of the nation’s attempts to undermine economic sanctions with … ( read original story …)
BUSINESS
China funds targeting Ant IPO rake in $9 bln from over 10 mln investors
Five newly launched Chinese funds targeting Ant Group’s upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within … ( read original story …)
China to issue 10 mln digital yuan in first public test
China’s central bank is issuing 10 million yuan ($1.5 million) worth of digital currency to 50,000 randomly selected consumers in what some see as the country’s first public test of the digital yuan … (…
EXPLAINER-Central banks eye digital cash to fend off crypto threat
The People’s Bank of China said its digital yuan would not rely on blockchain. The People’s Bank of China aims to become the first to issue a digital currency in its push to internationalise the…
China not among major central banks in talks on global digital currency principles
Despite China being a world leader in testing its own digital sovereign currency, the People’s Bank of China was conspicuously absent from an international group discussion on global digital currency … ( read original story…
Key risks to consider when doing business in China
Organizations doing business with China know that the operating environment is complex and very different from the Western world. However, the market opportunity remains promising, despite recent … ( read original story …)
China’s Dida Chuxing poised for Asia’s first ride-sharing IPO
Dida Chuxing has jumped ahead of rival Didi Chuxing to apply for what looks to be Asia’s first initial public offering out of the ride-hailing sector. Backed by online retailer JD.com, New York-listed … (…
China Golden Week holiday pumps up tourism, boon to economy
That marked a decline of 21% for domestic tourists from last year’s Golden Week and a 30% decline for spending. Still the numbers show consumption is beginning to bounce back following the battering … (…
The US doesn’t have to believe anything China says, but it doesn’t have to pick a fight with China either
Washington can commit to “telling the truth about China,” without needlessly antagonizing Beijing or taking steps that could lead to war. ( read original story …)
China Inc set for biggest US IPO year since 2014 amid spat
citing Beijing’s refusal to allow inspections of the firms’ audits. For some, the threat of future delisting didn’t put them off. Online property platform KE Holdings in July raised US$2.4 billion in … ( read…
China funds targeting Ant IPO rake in $9 billion from over 10 million investors
Five newly launched Chinese funds targeting Ant Group’s upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within … ( read original story …)
China Inc. Set for Biggest U.S. IPO Year Since ‘14 Amid Spat
Chinese companies are choosing to make their market debuts in the U.S., even as Beijing and Washington spar over everything from trade and coronavirus to audit access. ( read original story …)
China’s Ant: As US election nears, financial giant rushes for IPO
“Most of Ant’s business is in China and the rest of Asia so U.S. restrictions will not be a huge deal.” According to Ant’s IPO prospectus, it gets less than 5% of its revenue from…
