China on Thursday threatened retaliation if Washington steps up their war over trade and technology by going ahead with planned Sept. 1 tariff hikes on additional Chinese imports. Beijing will take … ( read original…
BUSINESS
Hong Kong airport protests are a warning that violence is bad for business: Don Pittis
Hong Kong’s business life blood The closure of Chek Lap Kok is an example, a warning if you will, of the changing position of Hong Kong in the world and in China. It is a…
China’s Tencent cautious after surge in quarterly profit
Growth in the company’s gaming business resumed in the second quarter after a long regulatory freeze in China and its fintech operations also generated sharply higher revenues. However … ( read original story …)
Why Saudi Arabia Needs An Aramco IPO
While China reports GDP growth of just over 6% … Saudi Arabia is firming up its plans for an Initial Public Offering (IPO) of 5% of giant state oil enterprise Saudi Aramco. ( read original…
WeWork has a complex and costly business in China, which it cites 173 times in IPO filing
WeWork owns 59% of ChinaCo, and its key investors in the joint venture are Softbank, Hony Capital and Trustbridge. According to WeWork’s website, the company has 115 buildings in Greater China. The … ( read…
9F IPO: What You Need To Know
A Chinese digital financial accounting platform is part of the IPO slate for the week. Beijing-based 9F Inc. is planning a 8.9-million share IPO, with the company offering 6.75 million ADSs and … ( read…
Trade tensions and a weaker yuan drive Chinese crypto demand, market players say
Measuring crypto trading volume in China or elsewhere is highly difficult. While digital wallets used to send and receive coins can be tracked on the blockchain technology that underpins most coins, … ( read original…
Can China’s state-run cryptocurrency compete with Facebook’s Libra?
But can it effectively counteract the threat to China’s financial system that Chinese officials say Facebook’s crypto project poses? Within a matter of weeks, China has gone from merely … ( read original story …)
Chinese lending platform Samoyed withdraws $80 million US IPO
The Shenzhen, China-based company was founded in 2015 and booked $55 million … The article Chinese lending platform Samoyed withdraws $80 million US IPO originally appeared on IPO investment manager … ( read original story…
WeWork lifts veil on finances with IPO filing
WeWork would be the biggest company by value to list on the U.S. stock market this year after ride-hailing firm Uber Technologies Inc. An IPO would come at a time when an escalating trade war…
European blockchain company Bitfury launches artificial intelligence unit
NEW YORK (Reuters) – European blockchain company The Bitfury Group … That list includes Coinbase, a U.S.-based exchange, and China’s Bitmain, the largest cryptocurrency mining firm in the world. ( read original story …)
Starbucks China rival Luckin sales surge in first results since IPO
Aug 14 (Reuters) – Luckin Coffee Inc reported a more than seven-fold jump in quarterly revenue on Wednesday, in its first earnings report as a public company, as the Chinese challenger to Starbucks … (…
Airline, luxury brands follow China’s lead on Hong Kong
HONG KONG — The chief executive of Hong Kong’s Cathay Pacific Airways warned Monday there will be “disciplinary consequences” for employees involved in “illegal protests,” as the airline joins a … ( read original story…
