China is taking charge in the digitization of the world economy, while Maker faces a $28M class action lawsuit. Get the latest bite-sized news. ( read original story …)
BUSINESS
Cryptocurrency in Focus: VeChain Makes Sure Covid-19 Masks Are Legit
It almost sounds like the plot of a movie: A crypto company founded by a former Louis Vuitton China executive is getting a boost after devising technology to spot counterfeit KN95 masks amid the ……
French luxury brand Hermès pulls in $2.7 million in a day at a flagship store in China as wealthy shoppers splurge after the coronavirus lockdown
It indicates a way to close an interaction, or dismiss a notification. French high-fashion retailer Hermès brought in 19 million renminbi, or $2.7 million, on the day its flagship store reopened in … ( read…
Code words, chaos, sky-high prices in China’s mask market
Desperate to find a new supply of protective face masks, executives at an American health-care services company last month began poring over videos shot inside Chinese factories — and listening … ( read original story…
Code Words, Chaos, High Prices in China’s Mask Market
Desperate to find a new supply of protective face masks, executives at an American health-care services company last month began poring over videos shot inside Chinese factories — and listening … ( read original story…
Code Words, Chaos, Sky-High Prices: Inside China’s Mask Market
Desperate to find a new supply of protective face masks, executives at an American health-care services company last month began poring over videos shot inside Chinese factories — and listening … ( read original story…
Breakingviews – Corona Capital: China bonds, Thiam pay, Soccer M&A
As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, ……
China unicorns’ valuations slide as virus-fearing investors seek early exits
Valuations of Chinese unicorns have fallen below levels reached in the firms’ most-recent fundraising rounds, secondary market offerings by existing investors show, highlighting the strain on backers … ( read original story …)
Inside China’s Plan to Power Global Blockchain Adoption
China is about to launch its national blockchain platform, part of Beijing’s grand strategy to lead the digital transformation of the world economy. ( read original story …)
COVID-19: China shows signs of business recovery as all 2,000 Volkswagen brand dealerships reopen
Volkswagen Group has stated that its operations in China are ‘showing clear signs of business recovery’ with all 2,000 VW brand dealerships now open again. Image Credit: Supplied The coronavirus … ( read original story…
Huawei, Tencent, JD.com Among Big Names on China’s New Blockchain Committee
Tech giant Huawei is among a number of major companies joining China’s new national blockchain committee as the country looks to guide the emerging sector. China’s Ministry of Industry and Information … ( read original…
Renault closing main China business, will focus on electrics
China business and focus on electric and commercial vehicles. (AP Photo/Ng Han Guan, File) BEIJING — Renault SA said Tuesday it will shut down its main China business and focus on electric and … (…
China Optimism, Xiaomi Ties Help Shunwei CEO Debut On 2020 Forbes Midas List
Notably standing the test of time has been Koh’s original investment Kingsoft itself. Its stock closed at HK$24.25 today, compared with its 2007 IPO price of HK$3.60 at the Hong Kong Stock Exchange. ( read…
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