When Ant Group finally goes public in Hong Kong and China in a listing that could be one of the world largest equity offerings, many longtime investors will record substantial paper profits on their ……
BUSINESS
Chinese Pet Clinic Picks Banks for $500 Million IPO, Sources Say
New Ruipeng Pet Healthcare Group Co. has chosen banks to lead an initial public offering that could raise more than $500 million, according to people familiar with the matter. ( read original story …)
Crypto for Congress: Bitcoin Sent to All Congress Members’ Campaigns
The Crypto for Congress initiative has launched. All members of Congress will be given bitcoin as campaign contributions to help them learn about cryptocurrency. The initiative is supported by … ( read original story …)
These China-based notaries are using the Blockchain to manage their client’s cases
Shanghai’s blockchain-powered notary platform to handle over 3,000 cases since its launch in January. According to Jiemian, the “Hui Cun” platform (which is managed by Shanghai Xuhui Notary Public) is … ( read original story…
Banks are permitted to hold crypto assets. Will they?
China is planning to launch a digital version of its currency, while the European Central Bank will soon start experimenting with a digital version of the euro. Clarifying that federally regulated … ( read original…
Chinese edutainment provider iHuman sets terms for $84 million US IPO
Human, which provides edutainment products for children in China, announced terms for its IPO on Monday. The Beijing, China-based company plans to raise $84 million by offering 7 million ADSs at a … ( read…
Why Luxury Brands Are Failing in China Post-COVID-19
Most luxury brands have faced challenges and disruptions from the ongoing COVID-19 crisis. But, in many cases, most of their problems are homemade. ( read original story …)
Want to Invest in the Ant Group IPO? Consider BABA Stock Instead
BABA stock provides a back-door entrance for U.S. investors to get in on the Ant Group IPO without moving money to Hong Kong or Shanghai. ( read original story …)
China Box Office: Two Local Blockbusters Do Huge Business, Earning $135M Each
As North America’s box office crumples, China’s theatrical film business is back in an enormous way. A collection of high-profile local films released in China over the past week to coincide with the … (…
As China And Russia Grow Closer, The U.S. Is The Odd Man Out — At A Big Cost To The U.S. Energy Sector
Sino relations digress, the benefits are accruing to Russia and hurting American businesses. China is now looking to Russia to quench its insatiable thirst for oil and gas while it considers … ( read original…
Week In Review: Zai Lab Completes Second Listing With $761 Million HK IPO
Zai Lab raised $761 million in a Hong Kong IPO and rose 8.5% in its first trading session to a market cap of $6.8 billion. ( read original story …)
The Crypto State?
Cryptocurrencies—and crypto platforms more generally—offer an answer to this difficulty. Already, with Bitcoin, we have seen the advent of a new global infrastructure, where data and transactions can … ( read original story …)
Officials voiced privacy concerns over China’s blockchain-powered hospital
China’s first blockchain-powered hospital is set to launch sometime in 2021, but some government officials voiced concerns over data security. According to Cn-Healthcare, the First Affiliated … ( read original story …)
