Singapore’s sovereign wealth fund GIC Pte plans to invest more than $1 billion in Ant Group’s mega initial public offering as early investors look for a bigger slice of the Chinese payments behemoth, … (…
Tagged By business
New Bitcoin addresses hit two-year high after China advertises crypto
Data shows 22,000 new entities created in a single day as one analyst suggests the added volume will translate to price gains. ( read original story …)
Bitcoin Analyst Reveals What’s Holding Price Above $10K: Its China
Bitcoin has shown an extreme resilience against bears that want to crash its spot rate below $10,000. And an on-chain analyst explains why. Forex … ( read original story …)
Ant Group’s blockbuster IPO reveals how investors must pick sides in China
When Ant Group finally goes public in Hong Kong and China in a listing that could be one of the world largest equity offerings, many longtime investors will record substantial paper profits on their ……
Chinese Pet Clinic Picks Banks for $500 Million IPO, Sources Say
New Ruipeng Pet Healthcare Group Co. has chosen banks to lead an initial public offering that could raise more than $500 million, according to people familiar with the matter. ( read original story …)
Crypto for Congress: Bitcoin Sent to All Congress Members’ Campaigns
The Crypto for Congress initiative has launched. All members of Congress will be given bitcoin as campaign contributions to help them learn about cryptocurrency. The initiative is supported by … ( read original story …)
These China-based notaries are using the Blockchain to manage their client’s cases
Shanghai’s blockchain-powered notary platform to handle over 3,000 cases since its launch in January. According to Jiemian, the “Hui Cun” platform (which is managed by Shanghai Xuhui Notary Public) is … ( read original story…
Banks are permitted to hold crypto assets. Will they?
China is planning to launch a digital version of its currency, while the European Central Bank will soon start experimenting with a digital version of the euro. Clarifying that federally regulated … ( read original…
Chinese edutainment provider iHuman sets terms for $84 million US IPO
Human, which provides edutainment products for children in China, announced terms for its IPO on Monday. The Beijing, China-based company plans to raise $84 million by offering 7 million ADSs at a … ( read…
Why Luxury Brands Are Failing in China Post-COVID-19
Most luxury brands have faced challenges and disruptions from the ongoing COVID-19 crisis. But, in many cases, most of their problems are homemade. ( read original story …)
Want to Invest in the Ant Group IPO? Consider BABA Stock Instead
BABA stock provides a back-door entrance for U.S. investors to get in on the Ant Group IPO without moving money to Hong Kong or Shanghai. ( read original story …)
China Box Office: Two Local Blockbusters Do Huge Business, Earning $135M Each
As North America’s box office crumples, China’s theatrical film business is back in an enormous way. A collection of high-profile local films released in China over the past week to coincide with the … (…
As China And Russia Grow Closer, The U.S. Is The Odd Man Out — At A Big Cost To The U.S. Energy Sector
Sino relations digress, the benefits are accruing to Russia and hurting American businesses. China is now looking to Russia to quench its insatiable thirst for oil and gas while it considers … ( read original…
