Shares closed at $12.85, below its $13 IPO price, making it a so-called broken deal. Lufax is looking to make retail borrowing and wealth management easier, safer, and more efficient in China. It … (…
Tagged By business
Ant Group’s Financially Inclusive Blockbuster IPO
Ant Group from the beginning has sought to be financial inclusive through its wealth management products and lending. Its IPO was no different. ( read original story …)
China appears to be testing a brand new military exoskeleton
China’s military is apparently testing a new exoskeleton to help soldiers haul heavy loads with relative ease, according to footage broadcast on Chinese … ( read original story …)
EMERGE 2020 | Central mandates are China’s edge for decentralized ledgers
China’s blockchain developers are riding a wave of state … “But out of that, innovative things will emerge.” Crypto investors are also misallocating funds in exchanges, Graham said. He cited the … ( read original…
Retail Investors Placed Bids for Record $3 Trillion of Shares in Ant Group’s IPO
Retail investors placed bids for a record $3 trillion of shares in Ant Group Co. Ltd.’s dual listing in an unprecedented show of interest by mom-and-pop … ( read original story …)
What Ant Group’s world beating IPO means for Asia’s mobile payment giants
The Chinese behemoth spies great riches in the untapped market of Southeast Asia, but home-grown unicorns like GoPay and GrabPay will put up fierce resistance – as will smaller players who decide to … (…
China blue-chips end higher on rising factory activity
SHANGHAI, Nov 2 (Reuters) – China blue-chip shares finished higher on Monday after a private survey showed the fastest acceleration in Chinese factory activity in nearly a decade, the latest … ( read original story…
Blockchain Investment Matchmaking conference successfully held in Chengdu
In Chengdu, over 266 enterprises with blockchain in the business world. Among them, there has been an explosive growth from 2018 to 2019, … ( read original story …)
China’s manufacturers embrace ‘smart shops’ to address rapidly changing, and increasingly pickier, consumer tastes
Digital garment printers are helping China’s clothing manufacturers meet the demands of fickle young consumers who want it all in the era of internet shopping: unique designs, fast delivery and … ( read original story…
Dealership inventories at Chinese brands remain high despite recovery
In September, the average backlog at dealerships stocking Chinese brands edged up to 51.3 days from 50 days the previous month, according to the China Automobiles Dealers Association. Average … ( read original story …)
Bitterz: a Japanese Crypto Exchange Launching Today Is Giving Away Bitcoin!
Today (November 1), on behalf of Bitterz LLC (Hinds Building, Kingstown, St. Vincent and the Grenadines), we are pleased to announce that our global crypto exchange Bitterz in Japan will start to … ( read…
Shanghai could be the world’s biggest IPO market this year. But holding that title will be tough
Shanghai is on track to steal the global IPO crown this year, bolstering a drive by Beijing to reduce its reliance on foreign financial markets and giving China a powerful one-two fundraising punch … (…
$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China
A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. The Intermediate People’s Court of … ( read original story …)
