Chinas new digital currency isnt blockchain, its not decentralised like bitcoin, and may not seem that attractive for users.
Tagged By business
Chinese fashion retailer Shein plans New York IPO this year: report
Shein, a global B2C fast fashion e-commerce platform, is planning a New York IPO this year, Reuters reported Tuesday. Xu Yangtian, the founder of the Shenzhen-based company, is considering applying …
Victoria’s Secret sells stake in China business for US$45 million
Victoria’s Secret & Co said on Tuesday (Jan 25) it will sell a 49 per cent stake in its China business to Hong Kong-based lingerie maker Regina Miracle International for US$45 million in cash, aiming…
Crypto miner BitFuFu to go public on Nasdaq through $1.5 billion SPAC merger
Cloud-mining service provider BitFuFu, backed by industry giant Bitmain, will go public through a merger with a blank-check firm in a deal that values the combined entity at $1.5 billion. This …
Saudi Aramco and Abu Dhabi’s ADNOC retain status as Middle East’s ‘most valuable’ brands
ADNOC’s Dr. Sultan Al Jaber is highest ranked CEO outside of US and China Dubai: Saudi Aramco and ADNOC in the UAE have retained their status as the Middle East’s most valuable brands for 2022,…
Tencent-backed Chinese car maintenance startup Tuhu files for HK IPO
Tuhu plans to use the money raised from the IPO to help automate its distribution centers through the use of robots.
Slowdowns in the U.S. and China will hold back global growth, a report says.
The International Monetary Fund forecasts that the growth rate of the world economy will slow to 4.4 percent in 2022.
Singapore clamps down on ads for ‘highly risky’ crypto trading
The Monetary Authority of Singapore on Monday published a set of guidelines instructing crypto businesses to stop marketing or advertising their offerings to retail investors in public spaces, both …
LG battery division seeks global dominance after blockbuster IPO
LG’s battery business delivered South Korea’s biggest-ever initial public offering last week, helped by frenzied interest from millions of ordinary Koreans convinced that US-China tensions will drive …
Gen Z retailer SHEIN eyes 2022 U.S. IPO, in what may be the first big Chinese firm to list in the U.S. since last summer
CEO Chris Xu, a Chinese citizen, is considering obtaining Singaporean citizenship in a bid to help smooth the IPO process, says the same report, which cites two people familiar with the matter. Last …
Saudi Arabia reports more non-oil exports, large amount of trade with China
Saudi Arabia has reported an increase in non-oil exports for the end of 2021. The Saudi General Authority for Statistics said today that non-oil exports in November of 2021 totaled 26 billion Saudi …
Factbox: China sustains commerce, trade growth momentum in 2021
Amid effective epidemic containment measures, China sustained its upward momentum in commerce and foreign trade last year, with a stellar performance to achieve stable business operation, according to …
China Overtakes US as Israel’s Largest Source of Imports
China became Israel’s largest source of imports in 2021 with $10.7 billion, overcoming the previous top spot held by the United States, revealed Israel’s National Bureau of Statistics on Thursday.
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