A&A Blockchain Innovation was started by Yang Bin, listed by Forbes in 2001 as China’s second-richest man. The company drew S$6.7 million from more than 700 investors in Singapore.
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US trade restrictions may affect China’s AI progress and Samsung’s revenue
China’s artificial intelligence (AI) efforts face a looming threat with potential US trade restrictions forcing firms to stockpile chips.
Consumer giants from Starbucks to General Mills have one big sales problem: China
Starbucks reported China same-store sales dropped by 14% in the quarter ended June 30, far steeper than the 2% decline in the U.S. “Consumer sentiment in China is quite weak,” McDonald’s chairman, CEO …
Vans-parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand
VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, sending its shares up 5% in extended …
Donald Trump Advocates for US to Develop Crypto to Stay Ahead of China
Donald Trump said that the US should not sell crypto, but instead focus on building the industry to prevent China from taking the lead.
China Resources Beverage Faces Valuation Pushback for Hong Kong IPO
China Resources Holdings Co. is meeting some resistance on the potential valuation for its beverage unit in a planned initial public offering in Hong Kong, people familiar with the matter said.
China Boosts Exports By 31% In First Half With 2.79 Million Vehicles
The nation’s vehicle exports have jumped 31% this year so far. The vast majority of vehicles being exported by Chinese brands are ICE models. Chery Automobile is China’s largest car exporter. China broke through in…
An Indian billionaire has an audacious plan to take down part of China’s economic master plan
Karan Adani, the son of one of Asia’s richest men, wants to loosen China’s grip on seaports and transform India into a major trading hub.
Education, e-commerce part of China’s services game plan to spur domestic consumption
Both industries faced strict government regulation in recent years. Chinese leaders have indicated consumers will be the target of stimulus measures to reach this year’s economic growth target.
China to beef up regulations on fentanyl chemicals, White House says
China said it would begin adding controls and regulation to … reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals …
Newell Brands plans to move some production out of China due to tariff concerns
Newell Brands (NWL) plans to move production of kitchen appliances out of China. The company has relocated manufacturing for its writing business to Tennessee.
Donald Trump continues one-sided beef with China over crypto
Donald Trump has found a new target in his long list of beefs: China, specifically regarding crypto. He believes China could beat America in the crypto game for a bunch of reasons even though China…
Sharpie-maker Newell moves more operations from China as tariffs loom
Sharpie pen maker Newell Brands is moving production of kitchen appliances out of China and has relocated manufacturing for its writing business to Tennessee as it faces “uncertainty” on tariffs ahead …
