Chinese regulators fined Alibaba Group Holding Ltd. and a Tencent Holdings Ltd. unit 500,000 yuan ($76,500) each over failing to declare past acquisitions under the country’s anti-monopoly laws. ( read original story …)
Tagged By blockchain
Best’s Market Segment Report: AM Best Maintains Negative Outlook on China’s Non-Life Insurance Industry
AM Best is maintaining its negative market segment outlook on China’s non-life insurance segment, citing underwriting profitability that is under pressure amid market reform. A new Best’s Market … ( read original story …)
China approves three sci-tech innovation IPOs
China’s securities regulator has approved the initial public offering (IPO) of three companies on the science and technology innovation board. ( read original story …)
Steps that will help India stay in the crypto race
Against this backdrop, it is surprising and disappointing to see the government of India drag its feet on clarifying laws around cryptocurrencies. For the thriving crypto community in India, progress … ( read original story…
Trump’s ban spoils year-end party as stock index rejigs put China Mobile, CNOOC in line of fire
China’s stock market is seeing the best winning momentum since mid-2015. Instead, the year-end party is clouded by Trump’s investing ban on blacklisted companies with ties to the Communist Chinese … ( read original story…
China Ramps Up Control “No Choice But to Follow the Party”
China is taking over the private sector to maintain its growth targets. “No Choice But to Follow the Party” The Wall Street Journal reports China’s Xi Ramps Up Control of Privat … ( read original…
Secretary of State Pompeo on What the World Needs to Do About China
He says there can’t be one set of rules for most nations, and another set for China. ( read original story …)
Week In Review: JD Health Raises $3.5 Billion In Hong Kong IPO, Climbs 56% On First Day
JD Health of Guangzhou, the online health-care arm of China e-commerce giant JD.com, completed a $3.5 billion Hong Kong IPO and rose 56% in its first trading session. ( read original story …)
Hunter Biden tax probe examining Chinese business dealings
The Justice Department is investigating the finances of President-elect Joe Biden’s son, including scrutinizing some of his Chinese business dealings and other transactions, a person familiar with the … ( read original story …)
Intel CEO Quietly Warns Of China’s ‘Greater Bay Area’ Project
Intel INTC CEO Bob Swan didn’t single out China’s Greater Bay Area project, a development zone that seeks to replace Silicon Valley as semiconductor and microchip manufacturing and design hot spot, … ( read original…
A blocked mega IPO and employee morale
But the above views were not well received by the Chinese bankers. The halt on the IPO was just Beijing’s way conveying to Ma that who holds the whip. This last-minute intervention has also left…
China’s 5G phone shipments grow in November
Consumers experience 5G mobile phones at a business hall of China Mobile Beijing Branch in Beijing, capital of China, Oct. 31, 2019. (Xinhua/Shen Bohan) BEIJING, Dec. 13 (Xinhua) — Shipments of 5G … ( read…
China E-Cigarette Firm Relx Technology Picks Citi For U.S. IPO
Chinese e-cigarette maker Relx Technology has picked Citigroup Inc. for its planned initial public offering in the U.S., people with knowledge of the matter said. ( read original story …)
