Foxconn says all of its major factories in mainland China are back to normal again after the coronavirus pandemic hobbled production earlier this year. ( read original story …)
BUSINESS
China IPO Stages Stellar Hong Kong Debut Amid Biotech Craze
A Chinese medical devices provider surged 74% in its Hong Kong trading debut on Friday in the best opening performance this year for an initial public offering over $50 million. ( read original story …)
New Fund, New IPOs: The Era Of Successful China VC Investing Hasn’t Ended Here
The message on venture capital was sober: U.S.-owned VC investment into China plunged last year and competition has grown. “This golden era is over” for outsized returns there, Rhodium Partner Thilo … ( read original…
Bitcoin Daily: Ledn Rolls Out Crypto Savings Account With Genesis; China Seeks Development Of Blockchain Trade Platform
Ledn has unveiled the rollout of a USD Coin (USDC) savings account with the help of Genesis, letting customers save and accrue interest in bitcoin and USDC. ( read original story …)
China Officially Recognizes Blockchain Jobs as New Occupation
China to officially set blockchain engineers as a new occupation to promote employment amid global COVID-19 pandemic … ( read original story …)
China’s attempt to strong-arm Australia should disturb the world
China’s murky role in the genesis and spread of the novel coronavirus has disturbed the entire world. Its attempts to economically coerce Australia into its geopolitical orbit should disturb the world … ( read original…
Luxury handbags jump in price as brands make up for coronavirus hit
Top luxury brands from Chanel to Louis Vuitton have increased prices of some of their most coveted products as they seek to make up for sales lost during weeks of coronavirus lockdowns. ( read original…
China auto sales fall in April but loss narrows
China’s auto sales declined again in April but losses narrowed in a sign the industry’s biggest global market is recovering from the coronavirus pandemic as Beijing eases anti-disease controls … ( read original story …)
China’s Central Bank Proposes a Blockchain-based Trade-Finance Platform
The People’s Bank of China proposed a blockchain trade financing information platform for the Guangdong-Hong Kong-Macao Greater Bay Area … ( read original story …)
Fall From Grace: Luckin Coffee’s Former Billionaire CEO Fired Amid Fraud Scandal
Jenny Zhiya Qian, who led Luckin Coffee’s meteoric rise from a single shop to Starbucks’ biggest rival in China, was fired after an internal probe revealed that some of the company’s sales figures … (…
The US and China are on the brink of a new Cold War that could devastate the global economy
The relationship between the US and China was already teetering close to the edge of a cliff before COVID-19, but the pandemic pushed it right off. ( read original story …)
China willing to futher cooperate with South Korea on coronavirus prevention and control
Chinese President Xi Jinping told South Korean President Moon Jae-in on Wednesday that China is willing to further cooperate with South Korea on coronavirus prevention and control, state television … ( read original story …)
Live-streaming sellers and blockchain engineers are officially jobs in China now
China has a new list of officially recognized jobs, adding to a list that included esports players and drone pilots last year … ( read original story …)
