The deal between ByteDance and Oracle for TikTok faces hurdles in obtaining approval from both the White House and Beijing. ( read original story …)
BUSINESS
Kioxia to Cancel IPO Plan on U.S.-China Tension: Nikkei Business
Kioxia Holdings Corp., the memory chipmaker spun out of Toshiba Corp. in 2018, will cancel its current initial public offering plan to list its shares on the Tokyo Stock Exchange, the Nikkei Business … (…
China’s Xpeng unveils flying car prototype at major Beijing auto show
Chinese electric carmaker Xpeng revealed it is working on a flying car model and showed off a prototype of the vehicle at the Beijing motor show – the biggest international event held for the industry…
Chinese Government Identifies $14.5 Billion in Cash Laundered Through Crypto
China is experiencing a crypto cleansing, as the government appears keen on purging the country of all traces of cryptocurrencies. While several reasons could account for […] … ( read original story …)
Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center
China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. ( read original story …)
China’s State Media: We Should Carve Up Facebook Just Like TikTok
Mouthpieces for the Chinese Communist Party are urging leaders to target U.S. tech companies with nationalistic bans similar to what Trump has imposed on TikTok. ( read original story …)
Chindata Group Seeks $500 Million U.S. IPO
Chindata Group Holdings Limited has filed to raise $500 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A ordinary shares, acc … ( read original story …)
WeWork sells control of China business to private equity firm
WeWork has sold a majority stake in its China business to a private-equity firm in the troubled office-sharing startup’s latest effort to cut costs. The deal announced Thursday will hand control … ( read original…
Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge
Fintech giant Plaid has added support for two DeFi applications, the IRS wants to know about your crypto and stablecoins have passed the $20B milestone. ( read original story …)
IPO Launch: Chindata Group Sets Terms For $500 Million U.S. IPO
Chindata was founded to develop state of the art ‘hyperscale’ computing data centers for organizations in China and greater Asia. ( read original story …)
China Market Update: A Week To Forget, Evergrande Debt Issue Weighs On Property Stocks, Week In Review
Powell made it clear that the ball is now in Congress’ court with regard to stimulating the US economy in a Wednesday press conference. ( read original story …)
China Just Promised To Go Carbon Neutral By 2060. How Important Is That?
China’s direction is vital in the fight against climate change. But just how significant is Xi Jinping’s announcement on going carbon neutral? Experts at the University of Oxford speak to Forbes.com … ( read original…
What’s Biden’s real policy on China? Unlike Trump’s, it’s hard to know
No candidate wants to run against his own record, but President Trump’s China policy is forcing Democratic challenger Joe Biden to do just that. ( read original story …)
