“After this year there will be two IPO markets that matter in Asia … But the listings bonanza in mainland China’s financial capital has also been stoked by Beijing’s drive to get strategically … (…
BUSINESS
Luxury Goods, a Market Many Consumers in China Shopped for Internationally, Is Now Making Headway Locally
The way consumers in China are shopping for luxury goods is changing amid the pandemic, with more purchases happening locally because of shelter-in-place protocols and travel restrictions. ( read original story …)
How crypto is now making a comeback
The report came even as individual central banks such as China have marched ahead with trials of their own CBDCs. “You can divide the world into 3 buckets,” Ajeet Khurana, former CEO of Zebpay. (…
JPMorgan creates new unit for blockchain projects as it says the technology is close to making money
The move by JPMorgan could provide a boost to the broader blockchain and cryptocurrency industries, whose proponents believe that mainstream adoption is nearing. ( read original story …)
Blockchain-based traceability framework promotes China, EU food trade
BEIJING, Oct. 27 (Xinhua) — Researchers have proposed a conceptual traceability framework based on blockchain to enhance the credibility of food trade between China and the European Union (EU). The … ( read original story…
World’s largest IPO shows power of mobile payments in China
Unlike Alibaba’s IPO in 2014, Ant Group is passing over Western stock markets … with individual shares priced at roughly $10.30. Liu Yang in Beijing contributed to this article. ( read original story …)
Singles’ Day 2020: What Does It Mean?
International pitch. Alibaba also is pushing the international dimension of Singles’ Day, suggesting overseas brands use China as part of a “global brand recovery.” It all has a certain logic given … ( read original…
China says it will impose sanctions on Boeing and Lockheed Martin over Taiwan arms sales
Beijing said Monday that it will impose sanctions on American companies — including Lockheed Martin, Boeing, and Raytheon — that have been involved in selling weapons to Taiwan. ( read original story …)
World’s biggest IPO shows power of mobile payments in China
Unlike Alibaba’s IPO in 2014, Ant Group is passing over Western stock markets … with individual shares priced at roughly $10.30. Liu Yang in Beijing contributed to this article. ( read original story …)
Ant Group Will Push China IPOs to Record $75 Billion This Year
The blockbuster Shanghai debut of Jack Ma’s Ant Group Co. will push the value of new stocks in China to a record this year. ( read original story …)
China’s five-year plan to place ‘significant de-emphasis’ on growth target: Think tank
Paulson Institute’s Damien Ma discusses China’s 14th five-year plan, including its dual circulation strategy and shift in focus toward quality of life and jobs. ( read original story …)
Chinese companies are leading the global IPO rush amid a ‘flight from uncertainty’
Greater China stock exchanges accounted for 45% of global IPOs in the first three quarters of the year, according to CNBC analysis of data from EY. ( read original story …)
Ant Group IPO To Rocket Alibaba Founder Jack Ma’s Wealth
Chinese tech titan Jack Ma is set to become the world’s 11th richest person after the financial arm of his e-commerce titan Alibaba raises billions in a mammoth public listing, according to the … (…
