The founder of China’s biggest bottled water group has become the country’s third-richest person with a fortune of more than $50bn, after shares in his company surged on their debut in Hong Kong. ( read…
BUSINESS
Expect China to focus on domestic demand in its five-year plan: Economist
Pritchard of Capital Economics discusses China’s economy and its upcoming five-year plan. He says Chinese exports are growing quickly, partly because of strong demand for coronavirus-related products, … ( read original story …)
Bottled water IPO makes founder China’s second-richest person
The founder of China’s biggest bottled water group has become the country’s second-richest person with a fortune of more than $50bn, after shares in his company surged on their debut in Hong Kong. ( read…
China Tower: All Eyes On 5G And Business Diversification
China Tower’s core tower business revenue growth in 1H 2020 was below expectations, notwithstanding a decent financial performance for the company as a whole over the same period. ( read original story …)
Hong Kong’s most overbought IPO Nongfu Spring gushes on debut, pushing founder to among China’s newly minted billionaires
Nongfu Spring has become a record-breaking IPO in Hong Kong after it locked up as much as HK$677 billion – about a third of Hong Kong’s daily cash in circulation – in capital from small…
How bitcoin met the real world in Africa
Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. ( read original story …)
Blockheads: China sets global blockchain standards and Canaan is alive
The International Telecommunications Union approved China-made blockchain standards for global application for the first time. ( read original story …)
Blockchain powered ‘Smart Brain’ to govern China’s new ‘Aerospace City’
Blockchain firm CyberVein is partnering with the Chinese government to build a blockchain-powered governance system for its aerospace ‘smart city.’ … ( read original story …)
Nongfu Springs IPO Pop Briefly Mints Bottled Water Entrepreneur As China’s Richest Man
Chinese businessman Zhong Shanshan had already done well for himself on the 2020 Forbes Billionaires List published in April. ( read original story …)
Jump in Hottest Hong Kong IPO Makes Founder China’s Second Richest
It was the hottest IPO in town. Now Nongfu Spring Co.’s stock surge is turning its founder into China’s second-richest person. ( read original story …)
Chinese water brand’s IPO more than 1,000 times subscribed
Demand for shares in a famous Chinese bottled water company outstripped supply by more than 1,000 times ahead of their Hong Kong debut, underscoring surging appetite for new stock offerings in the … ( read…
Trump Promotes Decoupling From China With No Clue as to How It Can Work
“So when you mention the word decouple, it’s an interesting word,” Trump told a Labor Day news conference at the White House in which he vowed to bring jobs back to America from China. “We…
Blockchain in Banking and Financial Services Market Booming Segments; Investors Seeking as a Biggest Opportunity in Coming Decade
Latest released the research study on Blockchain in Banking and Financial Services Market, offers a detailed overview of the factors influencing the global business scope. Blockchain in Banking and … ( read original story …)
