Investors viewed the sudden suspension of the mega and highly sought-after IPO at the eleventh hour with shock and the idea that ‘Beijing is capricious’ began to propagate. With the Chinese …
Tagged By business
DiDi sinks 22% as the China ride-hail giant plans to hold vote on potential delisting of US shares
The vote comes after Didi’s security practices fell under investigation in China last year. Didi shares have been listed in the US since its $4.4 billion IPO in June 2021. Shares of DiDi Global …
LinkDoc Formally Withdraws Its U.S. IPO. Next Stop, Hong Kong?
LinkDoc has formally withdrawn its plan to raise $200 million from a U.S. IPO, nine months after its 11th hour halt to the listing; Three other Chinese companies wi …
Crypto Price Check: Bitcoin Hitting One-Month Low
Winston Ma, managing partner of CloudTree Ventures, Author of The Digital War – How China’s Tech Power Shapes the Future … look no further than the recent funding round announced by crypto-payment …
DiDi sinks 21% as the China ride-hail giant plans to hold vote on potential delisting of US shares
DiDi will hold a shareholders’ vote on the delisting of its NYSE-listed shares in May. The company launched its IPO in June 2021.
Trade Is Surging Between China And Russia
Even before sanctions were imposed on Russia, it and China were drawing their trade relationship closer. Now that China seems willing to take at least some of what Russia might not be able to sell…
3 Crypto Mining Stocks to Buy for April 2022
InvestorPlace – Stock Market News, Stock Advice & Trading Tips Riot Blockchain (RIOT): One of the biggest crypto miners with nearly 5,000 …
Chinese ride-hailing giant Didi Chuxing loses ground at home under Beijing’s wrath, as rivals keep climbing
Didi orders fell 4.6 per cent in March from the previous month, according to China’s transport ministry, and have fallen 29 per cent since last June.
Xiamen issues China’s first blockchain-based commemorative subway ticket
Xiamen, a major city in China’s southeastern province Fujian, Friday issued China’s first batch of digital commemorative subway tickets based on Alibaba’s blockchain, AntChain. See related article: …
Why Do Luxury Brands Misunderstand Gen Z in China?
Recommended ReadingHow Can Luxury Brands Earn Cultural Credibility From China’s Gen Z?By Wenzhuo Wu This explains why just launching a younger line without working on brand equity has zero impact.
Oil Prices Steady Amid Fears Over Slowing China Demand
Oil prices steadied on Monday as worries over slowing demand in China prompted investors to take profits on gains made earlier in the day on concerns over tight supply and the deepening Ukraine crisis …
Shanghai lockdown: China spending and employment hit
Meanwhile, the strict lockdown of the Shanghai has stoked anger among some of the city’s residents. China’s consumer spending fell and unemployment rose last month as Covid lockdowns confined millions …
China Meets With Foreign Chambers as Lockdowns Hit Business
Representatives of foreign companies in China were expected to meet the nation’s commerce minister to discuss the impact of Covid controls, as outbreaks and lockdowns spread across the country and …
