The Shanghai and Hong Kong stock exchanges on Tuesday suspended Ant Group’s IPO, which was initially set for Thursday, in a stunning setback for what was on track to be the world’s largest-ever share ……
BUSINESS
China’s E-commerce Start-Up iDS BuyBuyBuy Raises $40 Million
It serves as an exclusive partner for an increasing amount of overseas niche beauty and healthcare brands to enter the Chinese market. ( read original story …)
China Suspends Jack Ma’s Ant Group Shanghai IPO After Warning
China has suspended the Shanghai leg of Ant Group Co.’s $35 billion offering, potentially derailing the world’s biggest initial public offering. ( read original story …)
China keeps 20 per cent sales target for home-grown electric cars by 2025, calling controversial industrial plan by another name
The Made in China 2025 plan charted China’s ambitions to lead the world in 10 key areas of technology by the middle of the next decade, from 5G telecommunications to artificial intelligence and … (…
Binance in trouble, blockchain security standard: Blockheads
A Forbes report accused Binance of attempting to deceive US regulators, and China got its first blockchain security standard. ( read original story …)
Hong Kong bans retail trading of digital currencies, requires crypto exchanges to be licensed in crackdown on fraud, money-laundering
Retail investors will no longer be allowed to trade on virtual-asset exchange platforms under proposed new rules which will also require all operators to be licensed by the watchdog, government … ( read original story…
Bitcoin slides 3% as Hong Kong seeks to end ‘honeymoon’ with crypto exchanges
The price of Bitcoin fell by 3% so far this week amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong. The price of Bitcoin ( BTC) has declined by more than 3%…
Beijing sends warning to Ant ahead of its monster IPO
Chinese regulators summoned Jack Ma and Ant’s top executives on the eve of the fintech giant’s listing, suggesting added regulatory scrutiny ahead. ( read original story …)
A viral pun in China foreshadows the biggest shadow over Ant’s monster IPO
Chinese regulators summoned Jack Ma and Ant’s top executives on the eve of the fintech giant’s listing, suggesting added regulatory scrutiny ahead. ( read original story …)
Joe Biden must clear the air on Hunter Biden and his China business dealings — win or lose
A public commitment from the Biden family to fully comply with any investigation is critical to restore confidence and take on Chinese attempts to undermine the U.S. ( read original story …)
Magic Johnson Selling Gels Shows U.S. Brands Flocking to Alibaba
For American brands struggling to survive the resurgent coronavirus, China is proving to be one of the few bright spots. As Alibaba Group Holding Ltd. prepares to host its biggest and most global … (…
China’s Digital Yuan Reaches $300 Million Spent
The Bank of China has said $300 M of Digital Yuan has been spent, making it the most advanced digital currency among large nations. ( read original story …)
Big Businesses Target Racism in US, Stay Mum on China’s Abuses
If big companies like Apple and Disney give in to China in the face of Chinese pressure, other companies give in also,” a scholar says. ( read original story …)
