Asia’s leading business expansion specialist providing integrated business, corporate, investor, human resources and payroll, corporate trust and debt services and strategic business advisory, is plea … ( read original story …)
BUSINESS
PSA, Fiat Chrysler likely to cut models, brands in China after merger
The broad outlines of the plans by PSA Group and Fiat Chrysler Automobiles to regain lost ground in China under Stellantis, their future combined company, are starting to emerge: fewer brands, fewer … ( read…
China-Australia relations: ‘speechless’ exporters fear Beijing may impose crippling anti-dumping duty on Australian wine
Australian wine exporters could be hit twice – first with a ban on wine this week, then a possible anti-dumping duty after a months-long investigation into whether imported Australian wines have been … ( read…
China Rich List 2020: 68 Newcomers Join The Ranks As Cutoff Rises To $1.55 Billion
On Forbes’ new list of China’s 400 richest people, newcomer billionaires built fortunes in everything from e-cigarettes to e-commerce. They join the ranks of China’s wealthiest on the back of a … ( read original…
China halts Ant Group’s blockbuster IPO
The Shanghai Stock Exchange slammed the brakes on Ant’s initial public offering Tuesday, which was set to be the biggest stock debut in history with investors on multiple continents and at least $34 … (…
China’s 400 Richest 2020: Total Wealth Surges Amid Pandemic
The fortunes of China’s wealthiest surged amid a pandemic-driven boom in e-commerce, tech IPOs and—no surprise—healthcare. ( read original story …)
China just suspended Ant Group’s $34 billion IPO, the largest in history. Here’s how the company was spun out of Jack Ma’s Alibaba and has transformed the global fintech market.
Regulators found “major issues” with Ant’s listing, a move that comes after Chinese banks have taken issue with Ant for veering into their business. ( read original story …)
China New Energy Vehicle Drive Motor Market Report 2020: Major Manufacturers, Raw Material Costs, Market Competition
The “Research Report on China’s New Energy Vehicle Drive Motor Industry, 2020-2024” report has been added to ResearchAndMarkets.com’s offering. With government support and technological progress, the … ( read original story …)
Blockchain Bites: Ethereum 2.0’s Deposit Contract Goes Live as ETH Miner Revenues Dwindle
Staking begins Ethereum 2.0’s deposit contract is now live, as of 15:00 UTC. According to developer Afri Schoedon, the deposit contract (a bridge between the forthcoming proof-of-stake (PoS) … ( read original story …)
China Market Update: Ant Group IPO Review, Markets Shake It Off & Rally
Background on the Delay 40% of Ant Group’s revenue comes from its CreditTech unit, which includes the Zhima Credit unit, credit rating, Ant Credit, and Ant Cash Now. ( read original story …)
Chinese Payments Giant UnionPay to Support Crypto Spending With New Virtual Card
China’s UnionPay, the world’s biggest credit and debit card company, will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering. Under a freshly inked deal … ( read original story …)
China’s UnionPay Signs Crypto Card Deal with Korean Cryptocurrency Paycoin
China’s UnionPay partners with Korean cryptocurrency Paycoin for a virtual card to let users pay through Paycoin at more than 30 million UnionPay merchants … ( read original story …)
‘Jack Ma is tamed’: social media reacts after China blocks IPO
Analysts say Ma’s criticism of authorities likely reason for Ant Group’s IPO being halted … ( read original story …)
