Facebook faces some challenges to growing its payments business, including: 1) economics; 2) digital commerce; and 3) politics. ( read original story …)
FINANCE
China’s Dajia hid ownership woes in Anbang Insurance group assets from early bidders as Mirae seeks to cancel US$5.8 billion deal
China’s Dajia Insurance Group knew there were questions about the ownership of some US luxury hotels they put up for sale last year but did not tell more than a dozen first-round bidders, a lawyer…
China Corporate and Finance Partner Olivia Ngan Joins Sidley in Hong Kong
Sidley Austin LLP is pleased to announce that Olivia Ngan has rejoined the firm in Hong Kong from Linklaters LLP and will be a partner in its China Corporate and Finance group. Ms. Ngan represents…
U.S., China Discussed Purchases, Progress in Phase One Deal
U.S. and Chinese trade negotiators discussed the phase-one trade deal, with the U.S. saying that both sides saw progress and are committed to its success.The two countries talked about what China has … ( read…
Case of Chinese bank worker slapped for refusing to toast boss at dinner sparks debate over workplace culture
Xiamen International Bank says it has disciplined two employees over incident that highlights hierarchical nature of many workplaces. ( read original story …)
World Bank’s Malpass: China needs to ‘fully participate’ in debt relief
World Bank President David Malpass said that China and its creditors need to participate in coordinated efforts to provide debt relief to the world’s poorest countries. ( read original story …)
BlackRock Gets Nod to Set Up Majority-Owned JV in China
BlackRock (BLK) is set to further strengthen position in China, following the approval of the wealth management joint venture. ( read original story …)
iQIYI to Host Online Screenings for Beijing International Film Festival On the Cloud
QIYI Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”), an innovative market-leading online entertainment service in China, is pleased to announce that it has become the exclusive online screening platform … ( read original story …)
Bank of China, Alibaba, Ant Financial establish partnership
(Xinhua) — Bank of China (BOC) on Monday signed a strategic cooperation deal with Chinese e-commerce giant Alibaba and fintech firm Ant financial to develop a new ecosystem in the internet and … ( read…
Bahrain’s GFH Financial picks up majority in Global Banking Corp.
GFH Financial Group has acquired an additional 21.8 per cent stake in Global Banking Corporation (GB Corp), which gives it a 50.4 per cent majority in the Bahrain investment Bank. This follows Central … (…
Bank Worker Slapped, Insulted for Not Drinking With Colleagues
The employee’s experience highlights the toxic drinking culture that’s still common at many Chinese workplaces. ( read original story …)
ByteDance investors seek to use stakes to finance TikTok bid: Sources
ByteDance investors are in talks to use their stakes in the Chinese technology firm to help finance their bid for its popular short-video app TikTok, according to people familiar with the matter.. ( read original…
China Investors Predict Record Defaults in Risky End to 2020
China’s fragile economic recovery is ushering in a dangerous new phase for the nation’s $4.1 trillion corporate bond market.With the economy now strong enough for policy makers to dial back financial … ( read original…
