China has suppressed blockchain but cautiously embraced NFTs, using a different blockchain tech that the state can control. But will that work for luxury?
Tagged By business
Chinese co-working space provider Building DreamStar Technology files for US IPO
Building DreamStar Technology (BDS), a provider of co-working space solutions in China, has filed to raise around $25M through a US IPO. Read more about the deal here.
China’s Supreme Court declares crypto transactions as ‘illegal fundraising’
China’s crackdown on crypto continues with a new Supreme Court ruling that makes it criminal to transact crypto,- its “illegal fundraising”.
Chinese edtech Jianzhi Education files for US IPO
Chinese edtech provider Jianzhi Education (JZ) has filed to hold a US IPO. Jianzhi Education said in a filing that it intends to list its shares on Nasdaq under the symbol JZ.
China’s Supreme Court Rules Fund Raising in Crypto Illegal
China’s government has tightened laws around cryptocurrencies by ruling public funding via crypto as ‘illegal fundraising’ across the nation.
China okays all imports of Russian wheat amid Ukraine crisis
China lifted all its wheat-import sanctions on Russia amid the Ukraine crisis, signifying a strengthening between Moscow-Beijing relations as the United States and its allies impose new sanctions on …
Together Group Offers Luxury Brands Greater China Intel With New Acquisitions
Together Group recently acquired significant stakes in the digital strategist Hot Pot China. But can it win more global luxury partnerships on the mainland?
Elon Musk doubles down on China with Tesla plant in Shanghai: report
Tesla will break ground next month on a new factory in Shanghai — solidifying Elon Musk’s commitment to double production of electric vehicles in China, according to a report. The new …
China’s Supreme Court Rules Crypto Transactions Constitute ‘Illegal Fundraising’
The ruling paves the way for violators to be criminally prosecuted with a punishment of up to ten years in prison and fines of up to $79,000.
‘China-chic’ jewellery brand Hefang makes duty free debut with CDFG in Haitang Bay
Hefang founder Sun Hefang is a rising star of the jewellery world, one whose work appeals to a patriotic younger generation with a strong loyalty towards China-made products.
ZF to develop chassis for Baidu’s smart EV brand Jidu
German supplier ZF Friedrichshafen AG will assist Jidu, a smart electric-vehicle brand of Chinese self-driving technology developer Baidu, to develop chassis and other components.
Tesla To Break Ground On New Manufacturing Plant In China
Tesla To Break Ground On New Manufacturing Plant In China Electric vehicle maker Tesla (TSLA) plans to break ground on a new manufacturing plant …
China’s Alibaba Shares Slump as Revenue Growth Disappoints
China’s Alibaba Group Holding shares slumped over 6% on Thursday after the e-commerce giant recorded the slowest revenue growth since it went for an IPO in 2014. The multinational technology giant …
