As Project Libra provided the possibility of a ‘GlobalCoin’ or world currency, the interest in crypto catapulted as Facebook’s idea sparked issues of consumer protection, safety, and soundness in the … ( read original story…
Tagged By business
Time-honoured China brands eye stock market listing
A 17th-century scissor-maker, a company that has made braised chicken since 1616 and a food producer that has been churning out rice dumplings for nearly 100 years are among Chinese brands that … ( read…
Tech IPOs Flourish in China Amid Tensions With U.S.
The makeup of China’s equity capital market is changing as it attracts more tech companies amid rising tensions with the U.S. ( read original story …)
Tesla’s China business to boost shares to $1,900: Analyst
Tesla will reach $1,900 a share amid strong demand from China and a “game changing” battery business, according to Wedbush analyst Dan Ives. ( read original story …)
China’s Digital Yuan CBDC Is Close, but Many Details Remain Unknown
Despite the interest currently surrounding the digital yuan, some are not yet sure of the project’s overall scope and mainstream viability … ( read original story …)
Hester Peirce sworn in as SEC commissioner for second term
Crypto-friendly SEC commissioner Hester Peirce was sworn in for a second term on Monday.The post Hester Peirce sworn in as SEC commissioner for second term appeared first on The Block. ( read original story …)
Baozun – Future eCommerce Leader In China
Baozun makes selling online in China simple, offers end-to-end eCommerce services. The number of high-profile brands from the West consistently grow since IPO. ( read original story …)
Bitcoin Price Gold Correlation Crashes 20%: 5 Things to Know This Week
Bitcoin’s network fundamentals are as bullish as ever, but $12,000 may spark a retest of lower price levels, an analyst warns … ( read original story …)
China DNA Firm Unit Considers $1 Billion Shanghai IPO
BGI Group, the world’s biggest DNA-sequencing company, is considering an initial public offering of its equipment unit on Shanghai’s Star board as early as this year, people with knowledge of the … ( read original…
Robotruck firm Tusimple seeks IPO valuation of up to $7 billion
If Tusimple does successfully go public in the US, it would be the first self-driving company in the world to do so on a major financial market. ( read original story …)
Markets subdued after Japan’s GDP slumps and US-China trade talks postponed – business live
Global markets are subdued this morning, after Japan became the latest country to suffer a historic economic slump due to the Covid-19 pandemic. And with factory output weaker than hoped in June, the … (…
Volvo Owner’s China Business Posts 43% Profit Drop on Pandemic
Geely Automobile Holdings Ltd., the Chinese automaker controlled by Volvo Cars owner Li Shufu, reported a 43% drop in first-half profit after the coronavirus outbreak shuttered factories and decimated … ( read original story …)
Asia Pacific stocks mixed as U.S.-China tensions remain; Japan’s economy shrinks in second quarter
June, according to government data released Monday. That was the sharpest contraction on record, according to Reuters. ( read original story …)
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