The fortunes of China’s wealthiest surged amid a pandemic-driven boom in e-commerce, tech IPOs and—no surprise—healthcare. ( read original story …)
Tagged By beijing
China Isn’t Nervous About the U.S. Election
The winner simply isn’t that important to Chinese leaders or the general public, who see the United States as a power in decline. ( read original story …)
Coronavirus in China: Xinjiang counties carry out mass testing for a fourth time in 12 days
All residents of Shufu and Aktau, in China’s far west, are to be tested again amid fresh outbreak. Authorities made the decision after hundreds of asymptomatic cases were found. ( read original story …)
China just suspended Ant Group’s $34 billion IPO, the largest in history. Here’s how the company was spun out of Jack Ma’s Alibaba and has transformed the global fintech market.
Regulators found “major issues” with Ant’s listing, a move that comes after Chinese banks have taken issue with Ant for veering into their business. ( read original story …)
China New Energy Vehicle Drive Motor Market Report 2020: Major Manufacturers, Raw Material Costs, Market Competition
The “Research Report on China’s New Energy Vehicle Drive Motor Industry, 2020-2024” report has been added to ResearchAndMarkets.com’s offering. With government support and technological progress, the … ( read original story …)
Hong Kong leader Carrie Lam asks central government to support tech cooperation with Shenzhen, keep city posted on Covid-19 vaccine
Hong Kong leader Carrie Lam Cheng Yuet-ngor has called on China’s science minister to support the city’s closer cooperation with Shenzhen in the development of a planned innovation and technology park … ( read original…
Blockchain Bites: Ethereum 2.0’s Deposit Contract Goes Live as ETH Miner Revenues Dwindle
Staking begins Ethereum 2.0’s deposit contract is now live, as of 15:00 UTC. According to developer Afri Schoedon, the deposit contract (a bridge between the forthcoming proof-of-stake (PoS) … ( read original story …)
China Media Told to Stay Low-Key on U.S. Election
The big news in Chinese media isn’t the U.S. election—it’s the delayed listing of the massive Ant Group, the financial giant owned by the billionaire Jack Ma, on the Chinese stock market. Without that ……
China Market Update: Ant Group IPO Review, Markets Shake It Off & Rally
Background on the Delay 40% of Ant Group’s revenue comes from its CreditTech unit, which includes the Zhima Credit unit, credit rating, Ant Credit, and Ant Cash Now. ( read original story …)
Chinese Payments Giant UnionPay to Support Crypto Spending With New Virtual Card
China’s UnionPay, the world’s biggest credit and debit card company, will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering. Under a freshly inked deal … ( read original story …)
China’s UnionPay Signs Crypto Card Deal with Korean Cryptocurrency Paycoin
China’s UnionPay partners with Korean cryptocurrency Paycoin for a virtual card to let users pay through Paycoin at more than 30 million UnionPay merchants … ( read original story …)
‘Jack Ma is tamed’: social media reacts after China blocks IPO
Analysts say Ma’s criticism of authorities likely reason for Ant Group’s IPO being halted … ( read original story …)
China warns U.S. after drone sales to Taiwan
China is not ruling out a stern response to the latest U.S. weapons sales to Taiwan: MQ-9 Reaper drones worth $600 million recently approved by the U.S. State Department. ( read original story …)
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