In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. ( read original story …)
Tagged By blockchain
China EV Maker XPeng Seeks to Raise Up to $1.11 Billion in IPO
Chinese EV producer XPeng filed for an IPO, seeking to raise up to $1.11 billion by selling 85 million ADSs at $11 to $13 each. ( read original story …)
$50bn in cryptoassets moved out of China in the past year
Report may indicate investors could be using stablecoin Tether to dodge rules to limit capital flight from China. ( read original story …)
Bitcoin Has Lost Its Way: Here’s How to Return to Crypto’s Subversive Roots
Bitcoin has traded its radical potential for the prospect of mainstream adoption. It’s not worth it, writes Rachel-Rose O’Leary. ( read original story …)
Chinese EV maker Xpeng sets terms for $1 billion US IPO
X peng, which manufactures smart electric SUVs and sedans in China, announced terms for its IPO on Friday. The Guangzhou, China-based company plans to raise $1.0 billion by offeri … ( read original story …)
Xpeng seeks to raise up to US$1.1 billion in New York IPO as electric car maker prepares to challenge Tesla in China
China’s electric car start-ups are rushing to raise capital to fight for market share in the world’s largest car market where sales are forecast to triple by 2025. ( read original story …)
Chinese EV maker XPeng looks to raise up to $1.11 billion in U.S. IPO
Chinese electric vehicle manufacturer XPeng Inc said it is hoping to raise up to $1.11 billion in its U.S. initial public offering, seeking to ride the enthusiasm for EVs even as U.S.-China relations … (…
China supercharges its 5G investments
Chinese operators investing heavily in 5G radio access networksCombined 5G capex of more than $12 billion in H1Huawei, ZTE and (less so) Ericsson share the … ( read original story …)
China’s CBN still short of 5G cash and answers
China Broadcasting Network (CBN) is far behind 5G rivals, stymied largely by funding challenges, and time is running out. ( read original story …)
Energy transition away from coal in China will yield benefits
China is the world’s largest producer and consumer of coal. A team of international scientists led by Stony Brook University’s Gang He, Ph.D., contend that China needs to transition away from coal to … (…
Tour China’s ‘Mars yard’ for its Tianwen-1 rover mission (video)
To prepare for China’s first Mars mission, Tianwen-1, the China Academy of Space Technology built a simulated Martian landscape on Earth and took the new rover out for a test drive. The Tianwen-1 Mars ……
China Telecom leads mobile growth in July with 2.6 mln new customers
China Telecom added the most new mobile subscribers in July, growing by around 2.6 million to a total of 346.07 million. Market leader China Mobile lost another 364,000 customers to reach 946.38 … ( read…
China stocks end week higher; techs retreat ahead of reform measures
China stocks ended higher on Friday and posted a weekly rise, as investors cheered a series of solid corporate earnings, though uncertainty over Sino-U.S. trade talks kept a check on gains. ( read original story…
