The head of the influential trade group of the nation’s largest companies says the move could be part of a new round of trade negotiations between the U.S. and China. ( read original story …)
Tagged By business
Tencent joins forces with ShareRing to launch blockchain digital ID platform
Tencent and ShareRing are building a new digital identification system to help the beleaguered tourism industry get back on its feet. ( read original story …)
Beijing is casting more doubt on Hong Kong’s future as a financial hub
The disqualification of four Hong Kong legislators and the suspension of Ant’s IPO point to a discomforting conclusion: the city’s role as a business hub with an independent legal system is now … ( read…
Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute
China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, has released its 20th ranking of crypto projects. ( read original story …)
Tencent’s cloud tech helps blockchain firm manage digital records to get people travelling again amid Covid-19
Blockchain company ShareRing will use Tencent cloud services for digital identification and travel documents to help tourism-reliant countries in Southeast Asia open their borders again. ( read original story …)
China Sees Little Fallout From Ant IPO Suspension
Fang Xinghai, vice chairman of the China Securities Regulatory Commission, says international investors have responded “quite well” to the suspension of Ant Group Co.’s initial public offering. He … ( read original story …)
Crypto exchange crackdown, bond on hold: Blockheads
The crypto exchange crackdown continues, miners can’t pay for electricity, and a $3 billion blockchain-based bond is paused. ( read original story …)
Baidu Paying $3.6 Billion for JOYY’s China Live-Streaming Business
Baidu, China Internet search and AI giant, has agreed to pay $3.6 billion in cash for the Chinese live-streaming business of JOYY. The deal may help Baidu catch up in the fast-growing live and ……
Ant IPO Timing Depends on Beijing, CSRC’s Fang Says: NEF Update
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…
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…
