China’s 100 most valuable brands have seen their total value rise 12 percent year-on-year to $996.4 billion this year, according to the 2020 BrandZ Top 100 Most Valuable Chinese Brands list … ( read original…
Tagged By business
China Fintech Firm Lufax Set to Raise $2.4 Billion in U.S. IPO
Chinese financial technology firm Lufax Holding Ltd. raised $2.4 billion in a U.S. initial public offering priced at the top of an indicative range, according to people familiar with the matter, just … ( read…
Ant Group’s IPO sees record $3 trillion in retail demand
“It’s a definite thing that one day a Chinese company will have the largest IPO ever but it just came quick,” said Beijing resident Ms Qin, 23, a consultant with one of the leading banks…
Jack Ma’s Ant IPO Lures $3 Trillion of Bids in Retail Frenzy
The biggest initial public offering of all time has unleashed an investor frenzy for the record books.Individual investors in Hong Kong and Shanghai placed orders worth at least $3 trillion for shares … ( read…
On Alibaba’s Singles Day, Chinese shoppers are set to splurge on foreign brands as fewer travel overseas
With fewer Chinese going abroad, foreign brands are likely to be a big hit on the annual Singles Day shopping festival, an Alibaba executive told CNBC. ( read original story …)
Crypto-Lottery: China’s Solution for Re-Stimulating the Covid Era Economy
China’s state-run People’s Bank of China is currently backing the currency, as part of the government initiative to create a cashless society, with digital currencies ideally cheaper and easier to … ( read original story…
New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks
New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change. In a letter sent to all regulated entities on Thursday, the New York … ( read…
Boeing’s China aviation business in the spotlight after Beijing announces sanctions on defence unit
China’s sanctions on Boeing Defense do not include penalties on the firm’s commercial aviation business, but analysts say Beijing is ‘sending a message’. ( read original story …)
The Biggest IPO in World History Is Stoking an Investor Frenzy
I was lucky.” Ant may not be a household name in most of the world, but the Chinese fintech behemoth controlled by Jack Ma has set off an investor frenzy for the history books. Brokers…
China’s digital yuan aims to halt US ‘dollarisation’, boost retail payments, ex-central bank governor says
China’s sovereign digital currency is designed primarily to grow retail payments at home and prevent the dominance of the US dollar, rather than address threats raised by cryptocurrencies or … ( read original story …)
China smartphone vendors ramp up overseas shipments in 3Q20, says Digitimes Research
The sequential gains come as Chinese brands, with the exception of Huawei, were able to ramp up overseas shipments to meet inventory replenishment demand by channel operators outside China … ( read original story …)
Breakingviews – Chinese lender IPO mess holds rules up to ridicule
Recapitalising banks hammered by the pandemic is essential, but IPO mechanisms doom them to sink, as occurred with Postal Savings Bank of China in 2019. That deters private investment. Beijing is … ( read original…
Hunter Biden’s business partners feared release of China story
Tucker Carlson shares more from his exclusive interview with Tony Bobulinski on ‘Tucker Carlson Tonight’ … ( read original story …)
