Dalio said there’s a risk of being too lax on innovation since Ant is a “whole new concept in terms of banking.” … ( read original story …)
Tagged By business
China Construction Bank to issue offshore bond based on blockchain
China Construction Bank has partnered with a digital exchange to launch an offshore bond that relies on blockchain in a sign of rising interest in the technology from the countrys … ( read original story…
China’s Online Dating Apps Are Big Business. And One Matchmaker Is Grabbing a Piece of It.
Revenue for China’s overall online dating market is estimated to hit $1.1 billion next year, according to iResearch. And one popular local matchmaker has 250,000 followers on China’s Kuaishou … ( read original story …)
China Construction Bank sells US$3 billion worth of debt on blockchain
China Construction Bank kicks off the country’s first blockchain-based certificate of deposits sale, issued in US dollars and tradeable with bitcoin. ( read original story …)
CHINA’S ON TOP OF THE WORLD. BUT NOT FOR LONG.
They should enjoy it while they can, because China’s time at the top will be short. How short? 30 years or so, according to the analytics. See, the empiring business ain’t what it used to…
Don’t Sleep on China’s New Blockchain Internet
U.S. national security policymakers are working aggressively to push back China’s global market advance in 5G and artificial intelligence technology. Meanwhile, the Chinese Communist Party (CCP) is … ( read original story …)
Crypto Gaming Pioneer Cloudbet Officially Launches in Argentina
PRESS RELEASE. Cloudbet, the pioneering crypto casino and sportsbook, has officially launched an Argentina-focused service in response to the country’s … ( read original story …)
China Times annual blockchain industry conference explores the future of finance
China Times 2020 Blockchain Summit was successfully held at the Beijing Kerry Hotel. The conference was hosted by The China Times, Shuipi Zatan, a financial commentator column and China Times … ( read original story…
Delay to Ant IPO shows Beijing’s desire to get the rules right
In the longer term, the delay may even benefit investors. If the IPO had gone ahead, the company’s subsequent valuation might have fallen. Draft regulations recently released require fintech platforms … ( read original story…
China cracks down on cryptocurrency exchanges ahead of digital yuan launch
Another Chinese cryptocurrency exchange goes offline. The authorities crackdown on the industry ahead of the digital yuan launch. The Chinese authorities continue their clearing operation against the … ( read original story …)
China’s ‘Uber for Trucks’ Raising $1.7 Billion Ahead of IPO Next Year
Full Truck Alliance, a Chinese startup that provides an Uber-like service for the trucking industry, is being valued at $10 billion before the capital raise, according to people familiar with the … ( read original…
Ant’s suspended IPO is a ‘sign of the times’ and ‘not an isolated case,’ says investor Mark Mobius
The suspension of Ant Group’s IPO is a sign of the times, according to veteran investor Mark Mobius, who is the founder of Mobius Capital Partners. ( read original story …)
Jack Ma’s botched Ant IPO becomes a boost for China’s state-run banks
Ant’s IPO was derailed by new rules to level the playing field between fintech giants and traditional banks.. Read more at straitstimes.com. ( read original story …)
