It plans to use much of the US$1.38 billion raised to expand overseas, amid the huge surge in clinical trials for products related to potential vaccines and treatments for the coronavirus. ( read original story…
Tagged By blockchain
Why Gold and China Tech Are the Best Hedges Right Now
The U.S. boasted the world’s best stock market, and bonds, apart from offering interest income, provided a nice hedge against equity risks. Support our journalism. Subscribe today. Now we live in … ( read original…
Stocks Fall, Bonds Climb on U.S.-China Tensions: Markets Wrap
Stocks dropped Friday, led by Chinese technology firms, after a U.S. move to prohibit transactions related to WeChat stoked tensions. Treasuries and the dollar rose.China and Hong Kong shares saw the … ( read original…
Asian shares skid amid virus woes, China-US trade tensions
Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also … ( read original…
Trump Issues Order Banning TikTok, WeChat In U.S.: Reports
The order would take effect in 45 days and bans U.S. transactions with the China-based parent companies of both apps. ( read original story …)
China Market Update: Asian Markets Close Mixed, Tencent Engineers DouYu & Huya Merger
Asian equities were largely higher though Japan, Hong Kong and Mainland markets were off by a touch. Following the hijacking of TikTok from ByteDance, investors in Hong Kong stocks used Secretary of … ( read…
China’s Exports Jumped in July as Global Demand Rekindled
(Bloomberg) — China’s exports rose in July as economic … bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ( read original story …)
China’s Submarines May Be The Stealthiest On Earth: Can America Catch Up?
Admiral Ma crowed that Chinese engineers are “now way ahead of the United States, which has also been developing similar technology.” … ( read original story …)
China’s Hottest Tech Stocks Are About to Move Twice as Much
Get ready for 20% moves in some of China’s most volatile and sought-after equities. Stocks on the Nasdaq-like ChiNext board will be allowed to rise or fall at twice the current 10% cap as soon…
China Warns US Against ‘Dangerous Moves’ On Taiwan: Xinhua
Chinese Defense Minister Wei Fenghe warned his US counterpart in a phone call Thursday to avoid firing up bilateral tensions, a day after Washington angered Beijing by announcing it would send a … ( read…
Investors in China’s Electric-Vehicle Companies Bet on Bright Future
Investors in Chinese EV companies are certainly betting on a bright future, even as Covid-19 depresses sales within China by a third. Shares in top manufacturer Nio (NIO) have soared 250% year-to-date … ( read…
Microsoft expands TikTok takeover ambitions to entire global business
Even adding the entire business to any deal does not resolve the enormous challenge of untangling TikTok’s technology from ByteDance. ByteDance had previously been working on separating the data and … ( read original story…
Blockchain Bites: Bulls Reborn, Backrunning Bots, Bitmain Blowout
Ethereum Classic was hit with another 51% attack, Instagram is seeing a proliferation of crypto scams and Bitmain’s latest shipments is delayed. ( read original story …)
