JD.com, sometimes called China’s Amazon, plans to take its shipping business public, potentially raising $5 billion as the pandemic boosts eCommerce. ( read original story …)
Tagged By business
Future Fintech Partners With Xi’an Jiaotong University to Create Blockchain Finance Research Institute
Future FinTech Group Inc. (NASDAQ: FTFT), a Chinese fintech company and integrated producer of fruit-related products, announced on Wednesday it has formed a partnership with the School of Economics … ( read original story …)
China Decoupling Would Cost U.S. Economy Billions, Chamber Says
American companies would lose hundreds of billions of dollars if they slashed investment in China or the nations increased tariffs, the U.S. Chamber of Commerce said in a report highlighting the cost … ( read…
The China-US trade war could benefit cryptocurrencies: Vitalik Buterin
Ethereum CEO Vitalik Buterin believes that the ongoing China-US competitiveness could help cryptocurrency thrive. The Ethereum co-founder gave his opinion on the China-US war in a … ( read original story …)
China blocked Jack Ma’s Ant IPO after investigation revealed likely beneficiaries: Report
One of the reasons why China late last year decided to pull the plug on Ant Group’s $37-billion initial public offering (IPO), was “growing unease in … ( read original story …)
Lululemon bets on China after revenue from mainland more than doubles during coronavirus pandemic
China will be among the main growth focus areas for yoga and fitness apparel maker Lululemon Athletica, with the market outpacing others in terms of sales. ( read original story …)
China E-Commerce Platform Dmall Said to Plan U.S. IPO This Year
Beijing DMall E-commerce Co., an online retail service provider backed by Chinese supermarket Wumart Group, is planning an initial public offering in the U.S., according to people familiar with the … ( read original story…
Another US Navy destroyer challenged China in the South China Sea by sailing past contested islands without asking permission
The latest freedom-of-navigation operation is the second time in two weeks the Navy has sent a warship to challenge China in the strategic waterway. ( read original story …)
Urban Tea Appoints New COO and Independent Director to Drive Expansion in Blockchain and Cryptocurrency Mining Business
Urban Tea Inc. (the “Company,” “we” or “Urban Tea”) (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today the appointment of Ms. Fengdan Zhou as … (…
How China is devastating Australia’s billion-dollar wine industry
South Australian winemaker Jarrad White spent almost a decade building his business in China. Then, in a matter of months, it all fell apart.It had … ( read original story …)
Joe Biden’s been sending signals to China
Remember Quemoy and Matsu? Probably not. Few people do. They are two tiny, barely inhabited islands off the coast of the communist People’s Republic of China in the South China Sea. They are … (…
China’s digital yuan is ‘nothing like bitcoin’: PIIE
Martin Chorzempa of the Peterson Institute for International Economics says price fluctuations of the digital Chinese yuan are unlikely to be a concern. ( read original story …)
IMAX Shares Soar On China’s Record New Year Box Office
Shares in IMAX, the Canadian-American film technology supplier whose U.S. business has been hurt by fallout from COVID-19, got a lift today from a healthy box office in China during the country’s long … (…
