Millions of individual investors in China withdrew more than $3 billion from five mutual funds that previously touted access to Ant Group’s blockbuster IPO, drastically shrinking the funds just two … ( read original story…
Tagged By blockchain
China’s Crypto Outflows Amounted to Over $17B in 2020
Despite China’s unfavorable crypto policies, the country continues to record more capital flight via cryptocurrency, as citizens use crypto to safeguard their funds against the weakening yuan. China’s … ( read original story …)
The crypto market is still far from its golden age, says Michael Wu
The total cryptocurrency market capitalization exceeded $1 trillion for the first time ever a week ago. However, Michael Wu, CEO of Amber Group, commented at Cointelegraph China’s Jan. 14 Hub … ( read original story…
China Unicom brings in president from rival Telecom
China Unicom ended a ten-month search for a successor to president Li Guohua, appointing former deputy GM at rival China Telecom Chen Zhongyue (pictured) to the role. In a brief statement, China … ( read…
China Unicom appoints new executive director, deputy party secretary
China Unicom has appointed Chen Zhongyue its new president and executive director, succeeding Li Guohua who took his retirement in March, Light Reading reported. Chen was previously an executive VP … ( read original story …)
China’s Car-Chip Shortage Could Persist for as Long as a Decade
China’s automotive-chip shortage could persist for as long as a decade, but it has little to do with the current supply glitches snarling production, according to the official who oversees the … ( read original…
China’s linchpin to Europe in the face of the technical war with the US.
China’s linchpin to Europe in the face of the technical war with the US. SINGAPORE – China’s investment deal with the European Union … ( read original story …)
China’s pivot to Europe could further self-reliance while staying in global technology scene, academic says
Experts have said that tension between the U.S. and China fosters disconnect between the technology development in both countries. ( read original story …)
What China’s Male Beauty Market Will Look Like In 2021
China’s perception of male beauty has changed over the last few years due to the rise of Little Fresh Meat idols and shifting gender roles. Certain products, such as BB cream, have become the focus…
China-focused Primavera Spac readies $300m IPO
Primavera Capital Acquisition Corp, a special purpose acquisition company, is set to launch a $300m IPO on the New York Stock Exchange this week, extending a recent boom in Asia-focused Spacs. ( read original story…
Hong Kong Stocks at 20-Month High as Record China Cash Floods In
Hong Kong stocks are set to close at their highest level since May 2019 as mainland investors continue a record spending spree in the city. ( read original story …)
Crypto Mining Giant Bitmain Is Going Public With a $40 to $50 Billion Valuation
Major bitcoin mining operation Bitmain filed an application to become a public company in 2018, with a market capitalization of $40 billion to $50 billion. This attempt to go public on the HKSE … (…
East China Sea: why giant Chinese territory marker may be leagues above old buoy network
New extra-large buoy detects intruders to alert naval forces in area disputed with Japan and South Korea, where such devices have been vandalised. ( read original story …)
