If Tusimple does successfully go public in the US, it would be the first self-driving company in the world to do so on a major financial market. ( read original story …)
BUSINESS
Markets subdued after Japan’s GDP slumps and US-China trade talks postponed – business live
Global markets are subdued this morning, after Japan became the latest country to suffer a historic economic slump due to the Covid-19 pandemic. And with factory output weaker than hoped in June, the … (…
Volvo Owner’s China Business Posts 43% Profit Drop on Pandemic
Geely Automobile Holdings Ltd., the Chinese automaker controlled by Volvo Cars owner Li Shufu, reported a 43% drop in first-half profit after the coronavirus outbreak shuttered factories and decimated … ( read original story …)
Asia Pacific stocks mixed as U.S.-China tensions remain; Japan’s economy shrinks in second quarter
June, according to government data released Monday. That was the sharpest contraction on record, according to Reuters. ( read original story …)
Hiring in China is still tepid, but more and more new jobs are going online
Since the coronavirus pandemic forced millions of people to stay at home, teaching students online and selling directly to consumers via live video streaming has taken off in China. ( read original story …)
National security law: pro-business lawmaker fears further sanctions for Hong Kong amid US-China tensions, calls for international promotional push
The United States could take further punitive actions against Hong Kong yet, as tensions between Washington and Beijing are only likely to intensify, a pro-business party leader has suggested.Speaking … ( read original story …)
China factory output flat, retail sales slip
China’s factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country’s recovery from the coronavirus pandemic remains muted. The data … ( read original story…
China approves 6 new IPO applications
A-share market, the China Securities Regulatory Commission (CSRC) said in a statement. It did not specify the total amount of funds to be raised. The companies and their underwriters will confirm IPO … ( read…
In a U.S.-China Tech Divorce, Businesses Would Have to Pick Sides
The technology industries of the U.S. and China are in some ways deeply intertwined and in others remarkably separate. The latest actions on the part of the U.S. aim to sever what ties remain. (…
A faltering U.S.-China trade deal is now the nations’ strongest link
Top U.S. and Chinese trade officials are expected to recommit to a Phase 1 trade deal during a review on Saturday, even though China’s promised purchases of U.S. exports are far behind schedule. ( read…
Blockchain Bites: Ripple’s Rebuff, DeFi’s ‘Degens’ and China’s CBDC
Both the U.S. and China are advancing on their central bank digital currency (CBDC) designs while a Bitcoin developer created a new programming language. ( read original story …)
Bitcoin miner manufacturer Ebang plans to launch crypto exchange in Singapore
Nasdaq-listed bitcoin miner manufacturer Ebang is preparing to launch its own cryptocurrency exchange in Singapore.The post Bitcoin miner manufacturer Ebang plans to launch crypto exchange in … ( read original story …)
Ant Group makes pre-listing filing in China for blockbuster IPO
Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding , has made a preparatory filing with China’s securities regulator for its planned blockbuster initial public offering. ( read original story …)
