Jack Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech … ( read…
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Jack Ma’s Ant to Lift IPO Funding Target to $35 Billion
Small investors likely to steer clear of Star Market ETFs as bubble concerns grip China’s Nasdaq
Individual investors ignore the upcoming sales of ETFs linked to the Star Market 50 index as they are wary of the excessive valuation and wild swings. ( read original story …)
China releases details on its own blacklist, raising uncertainty for foreign businesses
We hope significant restraint is exercised in utilization of the list,” the U.S.-China Business Council said in a statement. “Companies increasingly feel squeezed between the US and Chinese … ( read original story …)
TikTok user data still accessible from Beijing, Australian think tank says
It is deeply concerning because there are national security laws in place in China that “effectively remove any firewall” between the Chinese state and that TikTok user data, says Fergus Ryan, analyst … ( read…
Beijing ramps up scrutiny of cross-border data flows
The new Beijing free trade zone will test data localization law enforcement using an intelligent platform to assess the risk of cross-border data flows. ( read original story …)
We don’t know where the next flare-up in U.S.-China ties will be: Mizuho
Vishnu Varathan of Mizuho Bank talks to “Squawk Box Asia” about the downside risks to Asia’s economic growth. He points out the fragility of U.S.-China relations as one of the factors, but provides … (…
Reporter says China threatened to detain his Australian daughter
Two weeks ago reporters for the state-funded ABC and The Australian Financial Review newspaper became the last two Australian journalists working for Australian media to leave China due to threats of … ( read original…
HSBC Shares Hit 25-year Low On Report Of China ‘Unreliable List’
Shares in banking giant HSBC plunged to a 25-year low Monday on fears it could be added to a Chinese list of firms deemed a threat to national security and following news it had been…
Taiwan Military Says It Has Right to Counter Attack Amid China Threats
Taiwan said on Monday its armed forces have the right to self-defence and counter attack amid “harassment and threats”, in an apparent warning to China, which last week sent numerous jets across the … (…
ByteDance says it will own 80% of TikTok U.S. firm, contradicts Trump’s claims deal has ‘nothing to do with China’
ByteDance said on Monday it was not giving up control of TikTok in the U.S. and said a claim that the U.S. Treasury would get $5 billion in taxes was just a “forecast” and would…
TikTok fact-checks: US IPO, Chinese ownership, $5B in taxes
There is no shortage of speculations and reports around TikTok’s future in the U.S. Amid a swirl of rumors, TikTok’s Chinese parent ByteDance issued a statement (in Chinese) on Monday morning, … ( read original…
Jack Ma’s Ant Is Said to Lift IPO Funding Target to $35 Billion
Jack Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech … ( read…
China rolls out fresh policies to boost hydrogen vehicle sales
China, the world’s biggest automobile market, rolled out fresh policies to support hydrogen fuel cell vehicles to improve the industry’s supply chain and technologies, the finance ministry said on … ( read original story …)
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