Kuaishou’s initial public offering worth $5.4bn was the world’s biggest tech share sale since Uber went public in 2019. ( read original story …)
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Fast forward: China short-video app Kuaishou surges in jumbo IPO
Guyana rolls back plan to open Taiwan office after Beijing criticizes ‘mistake’
Guyana abruptly terminated an agreement with Taiwan to open an office in the South American country on Thursday after China urged them to “correct their mistake.” … ( read original story …)
Beijing accuses Ofcom of being ‘manipulated by anti-China forces’ after TV licence is revoked
Chinese state broadcaster CGTN pushed back on Ofcom’s decision to revoke its licence to broadcast in the UK, accusing the regulator of being “manipulated by extreme right-wing organisations and … ( read original story …)
China aims fire at BBC as dispute with Britain intensifies
The BBC came under fire from Chinese official and social media on Friday in an escalating diplomatic dispute, a day after Britain’s media regulator revoked the TV licence of Chinese state media outlet … (…
A ‘Masculinity Crisis’? China Says the Boys Are Not All Right
The Education Ministry plans to beef up gym classes after a top official said female teachers and pop culture had made boys “weak, inferior and timid.” … ( read original story …)
China’s central bank conducts 100 bln yuan of reverse repos Friday
China central bank on Friday conducted 100 billion yuan about 1545 billion US dollars of reverse repos to maintain liquidity ah … ( read original story …)
WPP Report Shows What Brands Can Learn from China’s Shopping Festivals
A recently released WPP report “Dates with Destiny” deciphers how brands can win over customers and generate sales at these shopping festivals. ( read original story …)
Stratospheric IPO Debut Makes China’s Kuaishou a Global Media Giant
Shares of Chinese social video company Kuaishou made a stratospheric start in their post-IPO debut on the Hong Kong Stock Exchange. Early trading on Friday morning saw their price nearly triple, … ( read original…
U.K. Ends Chinese TV License, Stoking Tensions With Beijing
The U.K.’s media regulator has pulled Chinese state-run television channel CGTN off the air, a decision that’s set to deepen tensions with Beijing. ( read original story …)
China Opens Its Doors to Foreign Junk
With little fanfare, China, the world’s biggest consumer of iron ore, opened its doors to 3,000 tons of Japanese scrap metal. It was the country’s first such import since it imposed a near-total ban ……
China Investors Evade Capital Controls to Buy Hong Kong IPOs
It’s not hard to find reasons why cash is pouring into Hong Kong initial public offerings at a record pace: rock-bottom interest rates, frothy markets, pandemic boredom. ( read original story …)
China should promote free movement of digital data, government think tank says
Data-related trade set to become a new economic growth driver, deputy director of the Development Research Centre of the State Council says in new study. ( read original story …)
Kuaishou Nearly Triples After Biggest Internet IPO Since Uber
Kuaishou Technology, the operator of China’s most popular short-video service after ByteDance Ltd.’s Douyin, jumped 194% in its Hong Kong debut after a $5.4 billion initial public offering that … ( read original story …)
