The luxury market won’t reach 2019 levels until 2022 or 2023, but 2021 is still in question since the second wave of Covid is threatening the recovery that started in the second half of this…
Tagged By business
Ant’s Botched IPO (Part 3): The Regulators Performed A Radical Value-Ectomy
The Ant Group wants to be seen as a Tech company — but China’s regulators see it as a Bank. This means a de-valuation – perhaps by as much as 50% – which derailed the…
U.S. Business Group In Shanghai Upbeat On Biden; Detentions Remain A Worry
A new survey by the American Chamber of Commerce in Shanghai has found members more upbeat about their business prospects in the country following the U.S. presidential election win by Joe Biden. ( read original…
Chinese Crypto Mogul Emerges After Probe That Forced OKEx Halt
The founder of one of the world’s largest Bitcoin exchanges broke a month-long silence to proclaim his innocence Friday, making his first comments since a Chinese police probe forced OKEx to briefly … ( read…
Why Tomorrow’s Money Will Come in New Crypto Flavors
And these days, Bitcoin seems almost traditional compared with a raft of other new developments that might be pointing to a new path forward for money — or toward more of the ups and downs,…
China-Australia relations: PM Morrison tells business sector no compromise for ‘what we stand for’
Prime Minister Scott Morrison has told an audience of business leaders at home that Australia will not compromise ‘what we stand for’ in an escalating trade row with China. ( read original story …)
Global Leading Business Schools, CKGSB and IE, Team up to Launch Pioneering Report on Understanding Family Businesses in China
In the current context of profound change and uncertainty, China’s leading business school, Cheung Kong Graduate School of Business (CKGSB) and Spain’s IE Business School have jointly launched a … ( read original story …)
CoinDesk Daily News: Blackrock CIO: Bitcoin Could Replace Gold, Goldman: China’s Digital Yuan to Reach 1 Billion Users…
BlackRock CIO Jim Rieder believes bitcoin could replace gold, Goldman Sachs reports China’s digital yuan will reach 1 billion users, SEC grants digital avatar firm IMVU permission to sell crypto … ( read original story…
Inside China Tech: A matter of Honor and Muddy Waters’ allegation of Joyy’s ‘multibillion dollar fraud’
This week’s headlines include Huawei’s sale of budget smartphone brand Honor, US short seller Muddy Waters and Chinese social media firm Joyy clashing over fraud allegations and the revival of the PC … ( read…
Where Visa sees crypto going with bitcoin near all-time high
As bitcoin soars in value amid the pandemic, Visa sees cryptocurrencies playing a greater role in its future as a network moving both data and money. ( read original story …)
China’s Detention of Entrepreneur Raises Fresh Concerns About Vulnerability of Private Firms
The detention of Mr. Sun, who has gained prominence in China speaking up for farmers and rural businesses, has rippled through Chinese social media and unnerved many within the country’s legal and … ( read…
Boeing needs China to approve the 737 Max. But that won’t end its epic sales drought
Boeing is finally close to getting its 737 Max back into the air again in the United States. But the company still faces challenges in the critical aviation market of China, where its business woes…
Big banks take baby steps toward commercializing blockchain
Covid-19 may have a role to play in spurring banks to roll out commercially viable blockchain products, one expert said. ( read original story …)
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