Four IPOs and one SPAC plan to raise $663 million … The company currently provides over 400 vocational training courses in China, and its online education platforms had 60 million registered … ( read original…
BUSINESS
Covid Gives China’s Beauty Brands Enhanced Allure
The country’s cosmetic makers are challenging foreign rivals, helped by patriotic buying and a shift to online commerce. ( read original story …)
Ripple’s Garlinghouse Says China Leads US in Crypto Regulatory Outlook
Ripple CEO Brad Garlinghouse said he considers China ahead of the U.S. as both countries wade the regulatory waters of the burgeoning crypto space. As part of the Chamber of Digital Commerce’s … ( read…
Beijing government releases its blueprint for becoming a blockchain hub
Beijing’s municipal government released a 145-page blueprint today of its plan to become a hub for blockchain innovation over the next two years. The post Beijing government releases its blueprint for … ( read original story…
Baosheng Media Group Seeks $28 Million U.S. IPO
Baosheng Media Group has filed to raise $27.5 million in a U.S. IPO of its ordinary shares. The firm provides advertisers and media sites in China with various digital marketing services. BMGH has … (…
A.G. Barr Warns U.S. Companies That Do Business in China Not to Violate Foreign Agent Registration Act
Barr’s speech comes amid heightened scrutiny of companies doing business in China, triggered by the coronavirus pandemic. ( read original story …)
Chipmaker secures largest Chinese IPO in nearly a decade
This is the largest mainland China IPO since 2010, and makes SMIC the most valuable Shanghai-listed tech company with a market cap north of $84 billion. The bottom line: “The share sale is an ……
Tencent-backed blockchain startup Everledger raises $7 million in bridge financing round
Blockchain solutions provider Everledger has raised $7 million in bridge financing, i.e., loan, typically taken to meet short-term working capital needs.The post Tencent-backed blockchain startup … ( read original story …)
$1.4B in ‘High-Risk’ Crypto Flowed Onto Exchanges in H1 2020, Analysis Firm Says
Over $1.4 billion-worth of cryptocurrency tainted by illicit use moved onto global exchanges from January to June, according to blockchain analysis firm PeckShield. The top 10 crypto exchanges to have … ( read original story…
IPO Frenzy Grips China’s Nasdaq-Style STAR Market
China’s experiment in easing restrictions on stock offerings has helped funnel tens of billions of dollars into emerging technologies, which Beijing hopes can upgrade the economy. Along the way it has … ( read original…
Danone beefs up Specialized Nutrition business in China
French food group Danone said on Thursday it would spend 100 million euros ($114.08 million) to strengthen its Specialized Nutrition business in China, as it bets on the Chinese market as a source of ……
What to watch: China avoids recession, RBS name change, and Ladbrokes woes
Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad: China avoids recession. China has avoided recession after posti … ( read original story …)
Beijing unveils plan for blockchain-based government
China’s capital city released a blueprint for its plans to incorporate blockchain into every aspect of government. ( read original story …)
