The four-day Bloomberg New Economy Forum kicked off with business and political leaders taking on issues from the economic fallout of the coronavirus pandemic to the future of global trade and climate … ( read…
Tagged By business
China a step closer to US in brand value
China has continued to narrow the gap to long-standing leader the United States in an annual measurement of national brand value, despite the world’s top 100 most-valuable nation brands registering a … ( read original…
China’s crackdown on crypto intensifies and Bitcoin miners are next
Bitcoin miners in China suffer a hike in electricity following the government’s clampdown. Roughly 74% of miners express dissatisfaction as they hope to move to a more friendly environment. It appears … ( read original…
Bitcoin Primed For Surprise $3 Billion China Shock
China Construction Bank, the world’s second-largest bank by assets, is planning to raise $3 billion from a sale of bonds that can be bought with … ( read original story …)
Why China Stopped The Ant Group’s IPO (Part 2): Ant’s Dangerous Business Model
Ant’s businesses are very complex. It isn’t easy to understand them. You can’t get a full picture from either a financial or a technological perspective…” – A Wall Street analyst … ( read original story…
China’s Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks
Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country … ( read original story …)
Zilliz raises $43 million as investors rush to China’s open source software
For years, founders and investors in China had little interest in open source software because it did not seem like the most viable business model. Zilliz’s latest financing round shows that attitude … ( read…
$3 billion blockchain bond sale delayed ‘until further notice’
The listing of China Construction Bank’s blockchain-based debt issuance bonds has been delayed “at the request of the issuer” until further notice, according to a Nov. 13 statement from the Fusang … ( read original…
Bitcoin Primed For Surprise $3 Billion China Bank Bond
China Construction Bank, the world’s second-largest bank by assets, is planning to raise $3 billion from a sale of bonds that can be bought with … ( read original story …)
Why the Ant IPO got cancelled
China’s regulators put a stop to what would have been the biggest listing in history at the last minute angering both the company and investors looking to buy Ant shares. The FT’s Asia markets corresp…
Crown executives acted ‘with honesty’ over business dealings before staff arrests in China, inquiry hears
Casino’s counsel claims assumptions were made about rule of law in China and mistake ‘should not be judged severely’ … ( read original story …)
Crown executives acted ‘with honesty’ over business practices linked to staff arrests in China, inquiry hears
Executives at Crown Resorts acted “with bona fides and honesty” in their judgments about the risks of doing business in China before the arrests of 19 staff in 2016, counsel for Crown has told a…
How China’s factories are pivoting from an export-oriented business model to rely more on domestic sales
Even as exports have seen a resurgence in China amid global outbreaks of coronavirus, manufacturers see the trend as unsustainable. And many are banking on nationalism to drive domestic sales. ( read original story …)
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