In an action that may help undermine one of the most famous crypto blockades in the world, China’s Supreme Court has come out in favor of new protections on crypto as property. China’s … (…
Tagged By business
Chinese Property Industry Disruptor Beike Files For $2B US IPO
One of the largest real estate firms in the country, Beijing Homelink Real Estate Brokerage Co., rolled … A $2 billion listing would reportedly make the float the biggest American IPO for a Chinese ……
Money Reimagined: China’s ‘Cold War’ Blockchain Strategy
China’s new digital currency and Blockchain Services Network are part of a national plan to escape U.S. financial hegemony. ( read original story …)
Tencent-Backed Beike Files U.S. IPO, Said to Aim for $2 Billion
KE Holdings Inc., a Chinese online property platform backed by Tencent Holdings Ltd. that’s also known as Beike Zhaofang, filed for a U.S. initial public offering that could raise about $2 billion, … ( read…
US stocks drop after China escalates tensions with consulate order
China reignited fears of a global tit-for-tat conflict after ordering the closure of the US’s consulate in Chengdu. ( read original story …)
China’s EV Startups View IPOs as Way to Stave Off Extinction
Electric-car makers in the cutthroat Chinese market face a potentially lethal mix of plummeting demand and a Tesla Inc. offensive, prompting more startups to see initial public offerings as a way to … ( read…
Chinese stocks plunge and lead global markets lower as investors weigh escalating US-China tensions running beyond ‘mere tariffs’
Global stocks tanked on Friday as investors weighed tensions between the US and China worsening at an exponential pace. On Friday, China … ( read original story …)
Asian markets sink as U.S.-China tensions rise, U.S. tech stocks fall
Stocks fell in Asia early Friday, following rising tensions between the U.S. and China and a selloff of tech stocks on Wall Street. Markets in Japan were closed for a holiday. On Friday, China ordered…
China’s Hozon Targets IPO in Bet on Affordable Electric Cars
China’s Hozon Auto is seeking financing on the way to a planned initial public offering, betting on rising demand in rural areas for its electric cars that start at less than $10,000. ( read original…
Tesla’s China Rival WM Motor Considers Star Board IPO
It recently delivered its 30,000th EX5 SUV vehicle, the company announced this month. Though China’s auto market is recovering as the coronavirus pandemic recedes, Chinese EV startups remain under … ( read original story …)
China tells U.S. to shut consulate in Chengdu, in retaliation for Houston closure
The dispute over diplomatic facilities represents a new front in the broadening strategic contest between the world’s two largest economies. ( read original story …)
Bitcoin Daily: YouTube Seeks Dismissal Of Ripple Lawsuit Alleging Crypto Scam; China’s Ant Group Launches AntChain Blockchain
YouTube is seeking to dismiss a lawsuit against it from crypto firm Ripple alleging that YouTube doesn’t do enough to remove scams and fraud. ( read original story …)
China’s Red-Hot IPOs Are Creating a New Billionaire Every Week
Zhong Shanshan, whose schooling was interrupted during China’s cultural revolution, worked in construction, as a reporter and in the bottled-water business. Today, he’s worth $17 billion after his … ( read original story …)
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