Changpeng “CZ” Zhao has issued a 2025 crypto bull run price prediction—dismissing the “threat” to Binance from the likes of BlackRock and other Wall Street …
Tagged By business
These Siblings’ Wine Brand For China Also Sells Hospitality In France
On a Saturday afternoon in July I met Estelle Borgeat outside Le Sobre wine bar and restaurant in the city of Bordeaux in southeast France.
Why China Has a Giant Pile of Debt
A major lender abroad, China is facing a debt bomb at home: trillions of dollars owed by local governments, their financial affiliates, and real estate developers.
Ant’s surprise share buyback values firm at steep 75% discount to IPO
Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let…
Why US-China trade tensions are poised to intensify
The U.S. is playing into the hands of China by transferring technology and importing their technology stateside, Lighthizer contends. “I think some level of decoupling is inevitable,” he remarked. He said China will continue to…
Ant’s share buyback values firm at steep 70% discount to IPO
Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), down from $315 billion when it tried to list in 2020, in a move that…
Ant to Buy Back Shares at 70% Lower Valuation Than at IPO
China Ends Tech Crackdown With Fines on Tencent … With the regulatory clampdowns out of the way Ant can refocus on business growth and even pave way for reviving its IPO. Financial regulators fined Ant…
Elon Musk is the Only Foreign Entity to Sign China’s Letter to Stop EV Price Competition
A recent motor show in China called upon different car manufacturers present in the country to sign a joint letter, and it got the signature of Tesla CEO Elon Musk pledging his support to the…
Crypto could be deceptively fragile amid mirage of equity bull market
It’s impossible to analyse Bitcoin without casting an eye around the macro landscape and assessing what is happening with other asset classes. None more so than equities, with which Bitcoin’s …
China fines Ant Group, Tencent’s Tenpay and other fintech companies, bookending crackdowns to ‘normalise’ supervision
Analysts believe the 7.123 billion yuan (US$984.33 million) fine puts to an end the saga of the regulatory crackdown on the fintech giant, which operates the popular payment app Alipay.
Despite China smartphone market contraction, Apple is still expanding
As smartphone markets all across the globe wither away, China saw only two manufacturers pick up any new growth so far in 2023 — and Apple is one of them.
China’s Export Curb on Chip-Making Metals Prompts Countries to Explore Supply-Chain Diversification
Beijing’s decision to curb exports of rare minerals alarms South Korea and Japan.
US Treasury chief Yellen and China’s No. 2 leader express hope for improved bilateral communication
U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang have expressed hope Friday for better communication after Yellen appealed to Beijing not to let frustration over U.S. curbs on technol
