Kuok Khoon Hong pulled off a remarkable second act. The billionaire sold shares of his China business in the biggest ever initial public offering (IPO) on the Shenzhen Stock Exchange, thanks to the … (…
BUSINESS
Yelp’s new ‘racist’ business alert likened to China’s social credit system
Yelp’s new racism alert is raising concerns among many who see it as a threat to business owners who will be living in fear of losing their livelihoods due to false accusations. ( read original…
China Set to Pass Its Own Law Protecting Vital Tech From U.S.
China is set to pass a new law that would restrict sensitive exports vital to national security, expanding its toolkit of policy options as competition grows with the U.S. over access to technologies … (…
China’s top 100 brands are valued at almost $1 trillion
China’s top 100 brands gained 12% in value in 2020, increasing their worth by $106.8bn to reach $996.4bn, despite the enormous economic pressures triggered by the COVID-19 pandemic. ( read original story …)
Gloves linked to forced labor in China stopped at LA port
U.S. authorities say they have traced a a shipment of women’s gloves to forced labor and a brutal crackdown on ethnic minorities in China … ( read original story …)
China’s foreign ministry vows countermeasures over US sanctions even as Hong Kong banks face blacklist threat
China’s foreign ministry vowed on Thursday to enact its own countermeasures in response to the United States accusing a group of Hong Kong and mainland officials of undermining the city’s autonomy … ( read original…
China’s Digital Yuan Blurs the Lines Between CBDCs and Crypto
An in depth analysis of China’s digital yuan project reveals more similarities to crypto than you might think. Upshot: seismic disruption to the financial system. ( read original story …)
Ping An Ranks 7th and Lufax 19th in 2020 BrandZ™ Top 100 Most Valuable Chinese Brands
Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or “The Group”, HKEx: 2318; SSE: 601318) has maintained its top position among Chinese insurers and ranked second among financial brands the … ( read…
China Market Update: The Nattering Nabobs Of Negativity Weigh On Markets
Key News Asian equities were weaker today as US stimulus hopes fade, Europe tightens social distancing measures on coronavirus flare ups, and Reuters reports that Ant Group could be added to the US’ … (…
How the DeFi Craze Made Its Way to China
DeFi is booming in China, with startups adapting and building on popular western projects within the nation’s ative crypto economy. ( read original story …)
China will extend IPO reforms to other markets when appropriate: Xinhua
China will extend its initial public offering (IPOs) reforms to all parts of its stock markets at an appropriate time, state media Xinhua reported on Thursday, quoting the head of the securities … ( read…
Chinese retailer Miniso to raises $608 million in IPO
Miniso, a Chinese discount retailer known for its fashionable but affordable household products, raised $608 million in a U.S. initial public offering in New York. ( read original story …)
China’s Rebound Helps Lift Japanese Businesses
As the coronavirus pandemic continues to pummel the world’s major economies, Japan’s corporate giants are pinning their hopes on the one market that is really rebounding: China. ( read original story …)
