China’s billionaires saw their biggest wealth gains in recent history, adding $1.5 trillion to their fortunes from a spate of IPOs and tech growth, according to a new report. ( read original story …)
Tagged By beijing
Intel Sees Opportunity in U.S.-China Tensions’ Impact on Supply Chains
While China is a big market for the company, CEO Bob Swan said he also aims to expand its role in 5G infrastructure as the U.S. and other countries have limited Huawei’s involvement in their…
China is rapidly producing new billionaires despite Covid-19
In total, China has 2,398 individuals with a net worth of more than 2 billion yuan ($290 million), the cut-off for being on the list. The rich listers have a combined wealth of $4 trillion,…
China’s Number of Billionaires Surges As Country’s Superrich Thrive Amid Pandemic
China’s business elite cashed in during lockdown and brought in $1.5 trillion this year, according to today’s Hurun Report. ( read original story …)
Sweden bans Huawei, ZTE from 5G, calls China biggest threat
Sweden is banning Chinese tech companies Huawei and ZTE from building new high-speed wireless networks after a senior security official called China one of the country’s biggest threats … ( read original story …)
China Market Update: Ant Group IPO Date Speculation Grows, China’s Uber Slayer Didi Chuxing Enters IPO Rumor Mill
We also had news that China’s Uber UBER slayer Didi Chuxing is considering a 2021 IPO. As a result, Hong Kong’s volume leaders were Alibaba Hong Kong, which gained +0.74%, followed by Tencent, which ……
Delivery service criticized in China for suspending BTS-related packages
A Chinese delivery service that said it had stopped transportation of all packages related to BTS is under fire for the statement posted to a local social media platform. ( read original story …)
China offering untested COVID-19 vaccines
People, including health workers and international students, are being offered an unproven COVID-19 vaccine for £50 in China. ( read original story …)
Why a coronavirus vaccine is politically valuable to China
Focusing on the coronavirus vaccine is a useful way for China to squeeze out room for more difficult questions about its initial response to COVID-19. ( read original story …)
Taiwan says it won’t be intimidated by China’s ‘hooligan’ diplomats
Taiwan accuses Chinese diplomats of trying to charge into a diplomatic event in Fiji — charges hotly disputed by Beijing. ( read original story …)
China digital currency: Shenzhen consumers spend 8.8 million yuan in largest trial of digital yuan
China’s largest test of its sovereign digital currency ended with 8.8 million yuan (US$1.3 million) being spent in over 62,000 transactions during the week-long trial in Shenzhen. The Shenzhen … ( read original story …)
Didi considers 2021 IPO in HK – sources
Some of its investors are now thought to be keen to cash in. Three sources have told Reuters that Didi has started initial talks with investment banks for the long-awaited IPO. The Beijing-based … (…
EXCLUSIVE-Didi considers 2021 IPO in Hong Kong, targets more than $60 bln valuation, sources say
IPO could take place as soon as H1 2021 -sources * Had aimed for U.S. IPO, opted for HK amid Sino-U.S. tension -sources * Also considering new fundraising round ahead of IPO -so … (…
