WeWork has sold a majority stake in its China business to a private-equity firm in the troubled office-sharing startup’s latest effort to cut costs. The deal announced Thursday will hand control … ( read original…
Tagged By blockchain
Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge
Fintech giant Plaid has added support for two DeFi applications, the IRS wants to know about your crypto and stablecoins have passed the $20B milestone. ( read original story …)
IPO Launch: Chindata Group Sets Terms For $500 Million U.S. IPO
Chindata was founded to develop state of the art ‘hyperscale’ computing data centers for organizations in China and greater Asia. ( read original story …)
China’s 110M 5G subs can’t overcome industry headwinds
The China 5G train rolls on, with more than 110 million subscribers and 560,000 basestations, according to the Ministry of Industry and Information Technology (MIIT). The subscriber figure might be … ( read original story…
China Is on a Building Binge, and Metal Prices Are Surging
including giants such as China National Offshore Oil Corporation and China Mobile, surged by 14 percent compared with the prior year, according to Standard & Poor’s analysts. (Private companies, by … ( read original story…
China has ‘comprehensive plan’ to steal US technology, secrets: Gen. Jack Keane
Gen. Jack Keane on an NYPD officer being accused of acting as a Chinese Communist Party agent and new sanctions on Iran. ( read original story …)
China Market Update: A Week To Forget, Evergrande Debt Issue Weighs On Property Stocks, Week In Review
Powell made it clear that the ball is now in Congress’ court with regard to stimulating the US economy in a Wednesday press conference. ( read original story …)
China Unicom rebrands image to offer better 5G services
China Unicom, a major telecom operator in China, is rebranding its image to better attract consumers, and diversifying its 5G-powered services to tap into more business opportunities brought by the … ( read original story…
China Just Promised To Go Carbon Neutral By 2060. How Important Is That?
China’s direction is vital in the fight against climate change. But just how significant is Xi Jinping’s announcement on going carbon neutral? Experts at the University of Oxford speak to Forbes.com … ( read original…
What’s Biden’s real policy on China? Unlike Trump’s, it’s hard to know
No candidate wants to run against his own record, but President Trump’s China policy is forcing Democratic challenger Joe Biden to do just that. ( read original story …)
China State Media Make Rare Reports Calling Crypto 2020’s Best Performing Asset
Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year’s top performing investment. ( read original story …)
Cryptocurrency helps ship 1 trillion yuan out of China to casinos, gambling every year
At least 1 trillion yuan (US$145.5 billion) worth of funds flows out of China into gambling activities every year, aggravating the country’s economic and financial security risks, according to a … ( read original story…
China’s piggy bank, the National Social Security Fund, set to be among Ant Group’s top IPO investors
China is keen for its pension funds to make savvy investments to help shoulder the burden of providing for its rapidly ageing population in their retirement years. ( read original story …)
