China’s central bank extended 267.4 billion yuan ($39.8-billion) to some commercial banks on Wednesday via its targeted medium-term lending facility (TMLF) as it looks to provide struggling smaller … ( read original story …)
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China coal investments unpopular in ‘new Silk Road’ nations: poll
“China should now work with governments, business and investors at the upcoming forum to make sure these demands are met,” said Nick Mabey, chief executive of E3G. The survey was released ahead of … (…
2 China start-ups challenging Starbucks and Twitch are about to IPO in the US, and they have a surprising amount in common
Luckin Coffee and DouYu, two Chinese start-ups that just filed for IPOs in the US, have a surprising amount in common for a coffee company and a video-game live-streaming platform. Both companies are … (…
What Luckin Coffee’s IPO Might Mean for Starbucks
also took the odd step of filing to go public in the U.S. rather than in China. Supposedly this is because the Hong Kong market normally requires companies to have at least three years of…
China’s Sinopec resumes U.S. oil imports after six-month halt: sources
Sinopec’s trading arm Unipec suspended imports in September in case Beijing imposed punitive tariffs on U.S. oil imports as part of the U.S.-China trade war. The supertanker Maran Artemis, carrying … ( read original story…
Blockchain author sees China’s Renminbi as a digital currency in future
Despite China’s anathema for all things crypto, Donald Tapscott, chairman of the Blockchain Research Institute and noted author on blockchain matters, believes that, over time, Chinese officials will … ( read original story …)
China lashes out at U.S. over Iran oil sanctions move
Beijing is again lashing out at a U.S. decision to impose sanctions on countries that buy Iranian oil, calling it a violation of China’s interests that will intensify turmoil in the Middle East and ……
Starbucks’ China challenger Luckin to raise up to $800 million in U.S. IPO: sources
HONG KONG/BEIJING (Reuters) – Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, filed on Monday for a U.S. initial public offering (IPO) through which, sources said, it is looking to raise … ( read…
Tencent-backed live-streaming firm DouYu files for $500 million U.S. IPO
Chinese companies have raised $271 million through U.S. IPOs so far this year, with the biggest deal being that of Ruhnn Holding Limited which raised $125 million, Refinitiv data showed. ( read original story …)
Fast track: Indonesia, Malaysia rail projects may give China more deals
Analysts say China is likely to use its willingness to work with partner nations and make projects feasible to seek more business. Bankers familiar with the deal say the Indonesian project is … ( read…
ExxonMobil agrees 20-year LNG deal with China’s Zhejiang Energy
SINGAPORE (Reuters) – Exxon Mobil Corp said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to China’s Zhejiang Energy, as the U.S. oil and gas giant steps up marketing … (…
China’s Starbucks Challenger Files for U.S. IPO
(Bloomberg) — Luckin Coffee Inc., the ambitious startup that is challenging Starbucks Corp. in the race to dominate China’s growing coffee culture, filed for a U.S. initial public offering. The … ( read original story…
No, China Didn’t Ban Bitcoin Mining
If you’ve gone anywhere near the internet this month, you’ve probably heard about the untimely demise of China’s Bitcoin mining industry. As reported in many media outlets, some three quarters of … ( read original…
