From this sale, Kingsoft Cloud expects to generate net proceeds of between $392 million and $451 million. The company would then have a market value of between $3.6 billion and $3.8 billion. Kingsoft … (…
BUSINESS
US couple’s nightmare: Held in China, away from daughter
Chinese authorities placed exit bans on U.S. citizen Daniel Hsu and his wife, Jodie Chen, blocking them from returning home to suburban Seattle and effectively orphaning their 16-year-old daughter in … ( read original story…
U.S. faces meat shortage while its pork exports to China soar: Braun
Meatpackers and livestock producers in the United States have spent at least a year adjusting to the surge in business to China, which has faced a severe pork shortage in the wake of its battle…
Hong Kong IPOs Pick Up the Pace as China Restarts
Initial public offerings are picking up the pace in Hong Kong after two wildly successful biotech listings improved sentiment in the financial hub. ( read original story …)
Stocks Waver as China Tensions Climb
Stocks on Wall Street inched higher on Monday, following a drop in Europe and Asia, as investors remained on edge about the severity of the economic downturn. The S&P 500 was less than half a…
China’s Kingsoft Cloud tests US market with biggest IPO in months
Kingsoft Cloud, the Xiaomi-backed cloud services company, is testing US investor appetite for Chinese public offerings on the heels of the Luckin Coffee scandal with a listing that could raise more … ( read original…
Did China Evergrande Group (HKG:3333) Use Debt To Deliver Its ROE Of 9.4%?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would … ( read original story …)
How Crypto Innovator Alex Mashinsky Challenges Fed Monetary Policy
That is the audacity, the stealing in the U.S. economy – a lot of people don’t understand the ‘invisible hand’ that is emptying our pockets. The history books will show how this is 2008 all…
China Friendship Costs Andrew Forrest $900 Million In A Week
Being a friend of China during a pandemic is proving to be a costly experience for one of Australia’s richest people. ( read original story …)
China’s foray into digital currency could spark wider acceptance for crypto
While this makes China the first country formalising digital currency—Bitcoin alternatives have existed for long now—it also sounds the bugle for other central banks to join the race. ( read original story …)
Stocks Waver as China Tensions Climb: Live Updates
Stocks on Wall Street inched higher on Monday, following a drop in Europe and Asia, as investors remained on edge about the severity of the economic downturn. The S&P 500 was less than half a…
China’s Kingsoft sets terms for U.S. listing, first major IPO since coronavirus crisis
China’s Kingsoft Cloud Holdings Ltd KC.O said on Monday it aims to sell up to $450 million in stock in a U.S. initia … ( read original story …)
National security and global health experts are increasingly concerned China will develop a coronavirus vaccine first
As Trump adopts an increasingly hardline stance toward Beijing, the US could be at a major disadvantage if China comes up with a vaccine first. ( read original story …)
