The suspension of Ant Group’s IPO is a sign of the times, according to veteran investor Mark Mobius, who is the founder of Mobius Capital Partners. ( read original story …)
Tagged By blockchain
Jack Ma’s botched Ant IPO becomes a boost for China’s state-run banks
Ant’s IPO was derailed by new rules to level the playing field between fintech giants and traditional banks.. Read more at straitstimes.com. ( read original story …)
Luxury Brands Must Take Action to Navigate the Now in China: McKinsey
The new Chinese consumers report highlights perspectives on the trends that are defining the “next-normal” in post-pandemic China. ( read original story …)
FUD or regulatory change? Rumor clouds swirl around crypto exchanges
Are a raft of recent FUD events coincidental, or are global authorities targeting unregulated crypto exchanges? ( read original story …)
Biden victory rally soothes market pain as Hong Kong investors look beyond Ant Group IPO stumble
Ant Group’s US$167.7 billion IPO refund comes at an opportune time for retail investors in Hong Kong to ride the Biden-powered stock rally. ( read original story …)
Blockchain and the future of digital and crypto currencies
With the advances in online banking, contactless payments, and the recent concerns related to using physical currency in the days … ( read original story …)
Bitcoin Global Launches P2P Crypto Trading App for Mobile Devices
Peer-to-peer cryptocurrency trading platform Bitcoin Global has launched its mobile app for iOS and Android devices. In addition to a fast and anonymous … ( read original story …)
Joe Biden will ‘seal US fate as FAILED empire by snubbing bitcoin’ – China lying in wait
JOE BIDEN’S disdain for bitcoin could “seal America’s downfall and fate as a failed empire” and unwittingly hand world primacy to China, whose own digital currency will soon dominate and eclipse the … ( read…
How Badly Will the Ant Group IPO Debacle Hurt Alibaba Stock?
Alibaba’s stock recently tumbled after Chinese regulators derailed the public debut of its fintech affiliate Ant Group. Alibaba holds a 33% stake in Ant, which owns the digital pa … ( read original story …)
The Duty-Free Business Must Reroute to China
Beijing is using the Covid-19 crisis to encourage China’s globe-trotting consumers to spend more back at home. Europe’s stricken duty-free operators have to follow them. ( read original story …)
Central bank experiments with CBDC will drive securities onto blockchain
Fear of Chinese advances with programmable money and Facebook’s Libra are pushing central banks to digital currencies, which may transform financial markets. ( read original story …)
China Solar Manufacturers Jump as Biden Win Seen Boosting Demand
Shares in the Chinese companies that dominate production of solar panels rose after Joe Biden’s victory increased the likelihood that the world’s top economy will accelerate its move toward clean … ( read original story…
Apple Freezes New Business for Pegatron on China Labor Abuse
Apple Inc. suspended new business with iPhone assembler Pegatron Corp. after discovering labor violations at a student workers’ program, taking strong action to clean up a Chinese-based production … ( read original story …)
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