Billionaire Jack Ma’s Ant Group is said to be seeking a valuation of about $250 billion as it plans a dual listing in Hong Kong and Shanghai, which could raise at least $35 billion. The…
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Ant Group’s IPO reportedly faces delays as Chinese regulator conducts a probe
Alipay acts as the only third-party agency for retail investors looking to buy into the five Chinese mutual funds investing in the IPO. ( read original story …)
Breakingviews – Ant’s IPO delay flags a recurring headache
Beijing has tended to wait and watch how Ant has developed this market or that, weigh its impact on other banks, then implement restraints. Ant has proven itself nimble, but there was no compelling ……
IPO Preview: Huadi International Group Starts U.S. IPO Process
Huadi International Group (HUDI) intends to raise $23 million in an IPO of its ordinary shares, according to an F-1 registration statement. The firm manufactures stainless steel seamless pipes, tubes … ( read original story…
Mark Cuban Not a Fan of China’s Human Rights Policies, But ‘OK Doing Business With’ the People’s Republic
The ‘Shark Tank’ investor and Dallas Mavericks owner’s remarks on Megyn Kelly’s podcast have got people talking. Mission accomplished. ( read original story …)
China champions fintech innovation
Known for being a trailblazer in fintech, China will advance innovation in blockchain technology, considered a game changer for the data-driven economy, industry insiders and government officials said … ( read original story …)
Blockchain technologies could boost the UK economy by £57 billion by 2030 — PwC
Blockchain technologies could boost the UK economy by £57 billion over the next decade and the global economy could see a $1.7 trillion boost … ( read original story …)
Blockchain can add $1.76 trillion to global GDP by 2030, says report
A new PwC study found that blockchain technology through its wide range of use cases will potentially add $1.76 trillion to the global gross domestic product in the next 10 years. It would make 1.4%…
Louis Vuitton, Prada, and Loewe: Three Brands, Three China Content Strategies
Before, brands was under the impression that most big-ticket purchases would be made overseas, now their content strategies must confront the new normal. ( read original story …)
Exclusive: Chinese regulatory probe delays approval for Ant’s IPO, sources say
delaying approval for what could be the world’s largest IPO, three people with direct knowledge of the matter said. The China Securities Regulatory Commission (CSRC) is looking into the role of … ( read original…
China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic
China’s imports increased to 13.2% year-on-year in September, beating expectations for a 0.3% increase while exports rose 9.9% year-on-year in September. ( read original story …)
Mark Cuban condemns human rights violations but is ‘okay doing business with China’
Billionaire Mark Cuban condemned human rights abuses globally on Monday – he noted on The Megyn Kelly Show that he is comfortable his business ties in China. ( read original story …)
PwC: Blockchain technologies could boost the global economy US$1.76 trillion by 2030 through raising levels of tracking, tracing and trust
Blockchain could have the highest potential net benefit in China (US$440bn) and the USA (US $407bn). LONDON, Oct. 13, 2020 /PRNewswire/ — New analysis by PwC shows Blockchain technology has the … ( read original…
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