India is going to legalise the crypto-currencies and it is expected that that Government of India (GoI) is going to come out with its own digital currency. The Union Finance Ministry is placing a bill…
Tagged By business
Inside China Tech: Kuaishou’s imminent IPO, US-China tech war heats up, and the downside to tech dependence
Tech war heats up A group led by former Google CEO Eric Schmidt says Washington needs to manage “asymmetric competition” with China when it comes to technology and that a certain degree of … (…
Bitcoin warning: China ‘can breach cryptocurrency’s security and destroy it’
According to the South China Morning Post, a quantum researcher argued that the … “Some investments advertising high returns from crypto assets may not be subject to regulation beyond anti-money … ( read original story…
An Expected Change in China’s Animal-Testing Policy Whips Up Excitement
The bank expects China’s domestic cosmetics spending will grow at a 12 percent compound annual growth rate between 2019 and 2025, to more than 1 trillion yuan. Big beauty players are lauding the … (…
Beijing must recognise its own mistakes in US-China relations
While Biden ponders what went wrong from Washington’s end, Beijing should remember: it takes two to tango Even if Hong Kong, Taiwan, South China Sea are off limits, Beijing should forget the hubris, … (…
US-China relations: common interests outweigh differences, Wang Qishan says
Upholding the spirit of non-conflict and non-confrontation … key to promoting the healthy and stable development of Sino-US relations,’ Chinese vice-president says. ( read original story …)
G.M.’s Electric Car Push Could Put China in the Driver’s Seat
With government support and lavish subsidies, Chinese companies have come to dominate the market for batteries, motors and other essentials Detroit may need for its new fleets. ( read original story …)
H&M’s Arket, & Other Stories to Open First Physical Stores in China
Other Stories will open in Shanghai’s upscale shopping mall iAPM, while Arket picks Beijing to open first its China flagship this fall. ( read original story …)
Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record
Tencent-backed Kuaishou Technology’s IPO which aims to raise US$5.4 billion looks poised to set a record as the most oversubscribed deal ever in Hong Kong, after receiving orders from retail investors … ( read original…
Retail buyers flood China’s Kuaishou HK IPO with $162 bln offered
China’s Kuaishou Technology 1024.HK raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, … (…
Retail loans for China’s Kuaishou HK IPO surge past $60 billion amid GameStop frenzy
China’s Kuaishou Technology priced its Hong Kong IPO at the top of the range to raise $5.4 billion, three sources said, as retail investors swarmed the offering, depositing more than $60 billion in a ……
China’s Full Truck Alliance seeks $1b IPO in the US, sources say
Uber-like Chinese startup Full Truck Alliance is preparing for a US initial public offering that could raise at least US$1 billion as soon as this year, after eking out a slim 2020 profit thanks to…
China’s HNA Group says creditors want it declared bankrupt
HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge fund during a costly global acquisition spree, says its creditors have … ( read…
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