Nigerian entrepreneurs are increasingly using bitcoin as a way to trade internationally, noting its significant benefits over legacy financial systems. ( read original story …)
BUSINESS
Realtor IPO overcharges for Chinese housing
The New York stock exchange has a new Chinese tenant. KE, which operates home broker Lianjia and sales-and-services platform Beike, plans to price shares in its initial public offering above the top … ( read…
Tencent-backed Chinese real estate platform Beike to raise US$2.12 billion in US after pricing IPO above guided range
KE Holdings, the online real estate transaction platform backed by Tencent Holdings, is set to complete the biggest initial public offering (IPO) by a Chinese company in the US market in more than two ……
Fintech unicorn Lufax, backed by China’s biggest insurer, Ping An, said to be secretly applying for US IPO
Lufax, which runs an online wealth management platform and retail lending technology platform, has hired Bank of America, Goldman Sachs, HSBC and UBS to bring in investors, the people familiar said. A … ( read…
SoftBank-Backed KE Set to Raise $2.1 Billion in U.S. IPO
KE Holdings Inc., a Chinese online property platform backed by SoftBank Group Corp. and Tencent Holdings Ltd., is poised to raise $2.1 billion as it plans to price its U.S. initial public offering … (…
Your guide to China’s biggest phone brands: Huawei, OnePlus, Oppo and more
From Huawei to Lenovo to Meizu, here’s a breakdown of the players in the daunting landscape of Chinese smartphones. ( read original story …)
China threat: Beijing brands Hong Kong billionaire newspaper owner ‘traitor’ after arrest
The Hong Kong and Macau Affairs Office has called for exemplary punishment for Mr Lai to deter further unrest in the city. The government body also claimed Mr Lai conspired with foreign agents and ……
China’s car sales are surging as it recovers from the pandemic, and that’s great news for Tesla
While US revenues shrink, China has been a bright spot for Elon Musk and Tesla’s fight to win in the world’s largest market. ( read original story …)
In the US, 7 out of every 10 smartphones made in China
The United States and China are on less-than-friendly terms at the moment, but you wouldn’t know it by looking at the smartphone market. Canalys estimated that China-made devices represented 70% of … ( read original…
Here’s how Goldman says the S&P 500 would react to more U.S.-China tariffs and why November’s election result is key
Fresh hopes of another stimulus package and signs the pandemic spread may be slowing are set to boost stocks on Tuesday. ( read original story …)
Trump’s order banning business with WeChat could also affect the NBA’s lucrative China deal with Tencent
The National Basketball Association wants to keep its business in China, but it will be tricky to navigate as U.S. elections near. ( read original story …)
China’s ‘Better Than Tesla’ Stock Is A Scam, Short Sellers Say
In May 2020, famed short seller research firm Muddy Waters did a full report on the company that would defy their research and keep rising while the rest of China’s stocks, as measured by the…
Shake Shack should be able to succeed in China: Analyst
Andy Barish of Jefferies explains that Shake Shack’s partnership with Hong Kong restaurant operator Maxim’s will increase visibility for the fast food chain in China and allow it to understand the … ( read original…
