Chinese smartphone maker Xiaomi said earlier today in a filing to Hong Kong Exchange that Chew had resigned. ByteDance`s creation of the CFO role signals that it is moving towards a much-anticipated … ( read…
Tagged By business
China’s New Belt and Road Has Less Concrete, More Blockchain
The U.S. response to it has been “too little, too late,” says a new task force report. The Covid-19 pandemic hasn’t been good for China’s Belt and Road Initiative. The virus “seriously affected” … (…
Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China
Some good news for DeFi in China. The Chinese government doesn’t officially allow its people to buy cryptocurrencies with cash, and the country is working on a digital version of its yuan that would ……
ByteDance hires Xiaomi executive as CFO in a step towards IPO
BEIJING (Reuters) – TikTok owner ByteDance has hired Xiaomi executive Shou Zi Chew for a newly created role as chief finance officer, in a sign that the tech company is moving towards a … (…
Grain from Russia may help China diversify imports
Russia’s exports of corn, for which China has skyrocketing demand, may rise in the coming years with the country’s huge output potential, warm political relations and logistics advantages, a major … ( read original story…
Chinese ride-hailing giant Didi eyes US IPO at $100 billion valuation, report says
The Chinese company is said to be weighing its options between New York and Hong Kong for its IPO, Reuters reported. ( read original story …)
Elon Musk said China would be Tesla’s ‘biggest market’ on state TV, days after trying to convince officials that the cars don’t spy on people
Musk continued his charm offensive on China, praising its climate policy and saying Tesla would make more vehicles there than anywhere else. ( read original story …)
Crypto is a ‘speculative vehicle’ and should be regulated, says boss of central bank group BIS
China has led the pack, trialling its digital yuan in a number … Ifinex, the parent company of Tether and crypto exchange Bitfinex, recently reached a settlement with the New York attorney general’s … (…
Exclusive: China’s Didi leans towards New York for IPO, eyes valuation of at least $100 billion – sources
China’s top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering (IPO), eyeing a valuation of at least $100 billion via the float, two … (…
China’s Didi eyes $100 bln New York IPO
China’s Didi Chuxing is leaning towards New York over Hong Kong for its blockbuster IPO. That’s what two sources told Reuters, adding that the ride-hailing firm is aiming for a valuation of at least ……
China Exports Post Record Surge as Global Demand Recovers
China’s exports jumped 60.6 percent for the January-February period from a year earlier and imports increased 22.2 percent, faster than expected, after factories reopened and global demand started to … ( read original story …)
WEEKLY: China steel export prices soar on rebate concerns
China’s steel export prices especially for carbon steel flats, the country’s top products for exports, gained another $15/tonne on week, in response to the possible cuts on tax rebates and global flat … ( read…
China’s Didi leans towards New York over Hong Kong for IPO, eyeing at least US$100b valuation
China’s top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering (IPO), … ( read original story …)
