In a bid to grow its health insurance division and go public in the United States, Waterdrop Inc., a Hong Kong-based insurer, has raised $230 million. ( read original story …)
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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds
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 …)
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 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…
Alibaba tells Trump we ‘support American brands’
Alibaba has moved to ease tensions with Donald Trump, as the US president continues to threaten Chinese firms. Chief executive Daniel Zhang said the online retailer’s policies “support American brands … ( read original story…
Chinese Insurer Waterdrop Plans US IPO After $230M Fundraise
In a bid to grow its health insurance division and go public in the United States, Waterdrop Inc., a Hong Kong-based insurer, has raised $230 million. ( read original story …)
Forbes China To Host 2nd U.S.-China Business Forum Next Week
The online event is in English and organized by Forbes China, the Chinese-language edition of Forbes. Participants include (in alphabetical order): * Craig Allen, President, U.S.-China Business … ( read original story …)
Crypto Assets of $50 Billion Moved From China in the Past Year
About $50 billion in cryptocurrency assets have left China in the past year, a possible indication that investors are dodging rules that limit how much capital they’re allowed to transfer from the … ( read…
