Shanghai’s Covid circus continues. On top of that, a real estate market in crisis, and a deglobalization trend. Ouch.
Tagged By blockchain
Coinbase tells users what happens to their crypto if it goes bankrupt, which could leave them last to get paid
A new company disclosure suggests that Coinbase users would be treated as general unsecured creditors in the event of a bankruptcy.
China’s White Knight Tycoon Can’t Save His Own Firm From Default
(Bloomberg) — Sun Hongbin, dubbed the “white knight” in China for bailing out fellow billionaires and … Most Read from Bloomberg Nike Escalates StockX Feud, Says Site Is Selling Fake Shoes Crypto …
Large brands deal with it better, but China’s crisis threatens luxury
Large brands deal with it better, reassures UBS. But China’s crisis threatens luxury: GDP slows down, what about consumption?
BRV China backs KEYi Tech straddling boundaries between technology, art and education
BRV China is pleased to announce a follow-on commitment for KEYi Technology, maker of the widely-popular smart toy robot ClicBot. HONG KONG, May 12, 2022 /PRNewswire/ — BlueRun V …
A high court in China is saying Bitcoin is protected by law and has economic value
The court said that Bitcoin has economic value, while hearing a dispute between two individuals. The High People’s Court is the highest court in a Chinese province. China has banned all crypto …
China scrutiny stymies JD.Com fintech unit’s US$2 billion Hong Kong IPO – sources
JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to US$2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been …
China scrutiny stymies JD.Com fintech unit’s $2 bln Hong Kong IPO -sources
JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been …
China Mobile Int’l, China Unicom Global Partner to Build Int’l Cable System
China Mobile International Limited (CMI), China Unicom Global (CUG), Converge ICT Solutions Inc. and PPTEL SEA H2X, reaffirmed their partnership to construct and operate a new submarine cable system …
Didi asks shareholders to approve delisting in New York to satisfy Beijing before going public on another exchange
Beijing’s probe into Didi, launched two days after its US$4.4 billion IPO in New York, has become a cautionary tale for overseas investors about China tech stocks. Didi closed at US$1.53 on Wednesday, …
Bitcoin, Ethereum, crypto at 2022’s lowest point
The crypto bear run extended on Thursday, as China’s inflation rose by 1.5% in April from March amid lockdowns and supply chain disruptions, while U.S. inflation (CPI) rose by 8.3% in the same …
China Resources in talks to take Sihuan Pharma private at $3 billion valuation -sources
State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 billion, …
Foreign Investors Consider Ditching China After Exports Slump
Country’s export growth slowest in nearly 2 years, as Beijing’s ‘zero-COVID’ policy takes economic toll on trade, manufacturing …
