Ant Group, which is still controlled by Alibaba founder Jack Ma, reported a more than 1,000% jump in profits in the first half of 2020. ( read original story …)
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Jack Ma’s Ant Group files for Hong Kong-Shanghai IPO, says first-half profit rose 1,000%
China EV Startups Chase Tesla’s Success, Ride the IPO Wave
Tesla’s success in China and NIO’s recent rally are encouraging many local companies to go public as they vie to increase their market share in the country’s EV industry. ( read original story …)
What We Learned From Ant Group’s New IPO Filing
The fintech giant, which operates China’s largest payments platform, is preparing for what could be one of the biggest IPOs in years after raking in $3.2 billion in profit in the first half of the…
Shenzhen and Guangzhou: China’s Must-Know Southern Powerhouses
The two cities possess polar-opposite fashion personalities but are both part of China’s high-priority Greater Bay Area. ( read original story …)
U.S., China Confirm They Held Talks On Phase 1 Trade Deal, But Stocks Unimpressed
The countries confirmed that they discussed the “significant increases in purchases of U.S. products by China as well as future actions needed.” … ( read original story …)
China Media Says Military Ready to Deal With U.S., Taiwan ‘Secessionists’
Chinese forces are holding a series of drills to the north and south of Taiwan this week, amid heightened tensions with the U.S. ( read original story …)
China’s Tencent Sets The Bar For Facebook Payments
Facebook faces some challenges to growing its payments business, including: 1) economics; 2) digital commerce; and 3) politics. ( read original story …)
China’s Sinovac enters supply deal with Indonesia for COVID-19 vaccine doses
Sinovac Biotech Ltd said on Tuesday it would help Indonesia’s state-owned drugmaker Bio Farma produce in the country at least 40 million doses of its potential coronavirus vaccine before March 2021. ( read original story…
China’s Communist Party eyes blockchain for ‘decentralizing’ social services
Beijing’s strategic vision is to use blockchain technology, artificial intelligence, big data and 5G in social assistance system reforms … ( read original story …)
Jack Ma’s Ant Group sets aim for world’s largest IPO
Ant Group, Alibaba’s financial technology affiliate and operator of China’s largest digital payment network, has filed to sell shares on the Hong Kong Stock Exchange and Shanghai’s STAR Market in what … ( read original…
Alibaba’s Ant Group files for IPO in Hong Kong, Shanghai
Ant Group, the financial technology arm of e-commerce giant Alibaba Group, on Tuesday filed for a dual-listing in Hong Kong and Shanghai, in what would likely be the world’s largest initial public … ( read…
Jack Ma’s Ant Group Files for IPO in Hong Kong and Shanghai
Billionaire Jack Ma’s Ant Group filed for an initial public offering in Hong Kong and Shanghai to bankroll its expansion in financial services and bolster its lead as China’s largest online payments … ( read…
Jack Ma’s Ant Group Moves Forward With Mega IPO
Billionaire Jack Ma’s Ant Group formally files for an initial public offering in Hong Kong and Shanghai, looking to raise as much as $30 billion, an IPO record. ( read original story …)
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