“I think people will follow the trend of where they can make money,” John Lee said, “where they can develop and follow their dreams.” …
Tagged By business
China: Separating Myth From Reality
Myth #1: China Is an Export-Led Economy Perhaps the greatest myth about China’s rapid modernization and economic development is that its growth has been “export-led.” That is a stretch …
Why Would Anyone Invest In China Right Now?
Shanghai’s Covid circus continues. On top of that, a real estate market in crisis, and a deglobalization trend. Ouch.
Coinbase tells users what happens to their crypto if it goes bankrupt, which could leave them last to get paid
A new company disclosure suggests that Coinbase users would be treated as general unsecured creditors in the event of a bankruptcy.
China’s White Knight Tycoon Can’t Save His Own Firm From Default
(Bloomberg) — Sun Hongbin, dubbed the “white knight” in China for bailing out fellow billionaires and … Most Read from Bloomberg Nike Escalates StockX Feud, Says Site Is Selling Fake Shoes Crypto …
Large brands deal with it better, but China’s crisis threatens luxury
Large brands deal with it better, reassures UBS. But China’s crisis threatens luxury: GDP slows down, what about consumption?
A high court in China is saying Bitcoin is protected by law and has economic value
The court said that Bitcoin has economic value, while hearing a dispute between two individuals. The High People’s Court is the highest court in a Chinese province. China has banned all crypto …
China scrutiny stymies JD.Com fintech unit’s US$2 billion Hong Kong IPO – sources
JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to US$2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been …
China scrutiny stymies JD.Com fintech unit’s $2 bln Hong Kong IPO -sources
JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been …
Didi asks shareholders to approve delisting in New York to satisfy Beijing before going public on another exchange
Beijing’s probe into Didi, launched two days after its US$4.4 billion IPO in New York, has become a cautionary tale for overseas investors about China tech stocks. Didi closed at US$1.53 on Wednesday, …
Bitcoin, Ethereum, crypto at 2022’s lowest point
The crypto bear run extended on Thursday, as China’s inflation rose by 1.5% in April from March amid lockdowns and supply chain disruptions, while U.S. inflation (CPI) rose by 8.3% in the same …
China Resources in talks to take Sihuan Pharma private at $3 billion valuation -sources
State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 billion, …
Foreign Investors Consider Ditching China After Exports Slump
Country’s export growth slowest in nearly 2 years, as Beijing’s ‘zero-COVID’ policy takes economic toll on trade, manufacturing …
