Kingsoft Cloud Holdings Ltd. raised $510 million after pricing its upsized U.S. initial public offering, the first U.S. listing of a Chinese company since the fallout from the accounting scandal at … ( read original…
BUSINESS
Dow futures rise nearly 300 points as U.S.-China trade reps hold call; investors brace for jobs report
U.S. stock-index futures point sharply higher to start Friday trade, after Reuters reported that U.S.-China trade representatives held a phone call … ( read original story …)
Kingsoft IPO raises $510M, in first China IPO in US since coronavirus outbreak
Chinese cloud computing company Kingsoft Cloud Holdings Ltd raised $510 million in its U.S initial public offering, the first Chinese company to list in the United States since the coronavirus … ( read original story…
One of Bitcoin’s Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds
Bixin, one of the earliest bitcoin miner operators and wallet startups, is dedicating 6600 bitcoin, worth $66 million, to a new fund of funds. ( read original story …)
Blockchain as a Service Market is estimated to reach USD 18,981.66 Million by 2024
Service Market, By Platform (Ripple, Ethereum, R3, Hyperledger and others), By Component (Tools, Services), By Cloud (Private, Public, Hybrid), By Organization Size (Large enterprises, SMEs), By … ( read original story …)
Breakingviews – China’s soft power will be hardened by the virus
China’s soft power is getting a lot harder thanks to Covid-19. Even before the virus first emerged in Wuhan, the nation’s partners were reconsidering their economic and diplomatic ties. Foreign … ( read original story…
The Latest: China reports 1 new virus case, South Korea 12
The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. — China … ( read…
IPO Preview: uCloudlink Files For $50 Million U.S. IPO
The firm has developed a marketplace and service to enable mobile network operators to connect and share data. ( read original story …)
Top Facts on China’s Crypto Yuan and Related Blockchain Projects
As China stops the spread of COVID-19 inside the country, the government announced two of the largest crypto and blockchain-related developments … ( read original story …)
China’s Auto Market Rumbles Back to Growth
China’s beleaguered auto market likely grew last month from a year earlier for the first time in nearly two years, the government-backed China Association of Automobile Manufacturers said. ( read original story …)
China auto sales likely rose in April, ending almost two years of decline
Vehicle sales in China likely rose in April from a year earlier, its top auto industry body said on Thursday, ending almost two years of declines and signalling that the world’s biggest auto market is…
China Car Sales Rebound With First Monthly Gain Since 2018
Chinese monthly auto sales rose for the first time in almost two years after the country opened up for business again, fueling expectations of an industry recovery from the coronavirus.Carmakers … ( read original story…
China Car Sales Rebound in April, First Monthly Gain Since 2018
Chinese monthly auto sales rose for the first time in almost two years after the country opened up for business again, fueling expectations of a industry recovery from the coronavirus. ( read original story …)
