has decided not to renew those contracts or seek new business with China, it said on Monday. “The geopolitical situation has changed since these contracts were signed in the early 2000s. ( read original story…
Tagged By business
Week In Review: Zai Lab To Raise Up To $845 Million In Hong Kong IPO
Zai Lab of Shanghai is conducting a Hong Kong IPO that is expected to raise up to $845 million, offering 12.3% of the company’s expanded number of shares. ( read original story …)
Exclusive: Swedish space company halts new business helping China operate satellites
Sweden’s state-owned space company, which provides ground stations that help fly Chinese spacecraft and transmit data, said on Monday it would no longer renew contracts with China or accept new … ( read original story…
Blockchain Bites: DeFi’s Dividend, China’s ‘New Battlefield,’ the Big Banks’ ‘Suspicious Activity’
China sees its digital yuan as a “new battlefield,” DeFi’s Curve has a new dividend and a yet-to-launch platform is pursuing an “Initial DEX Offering.” … ( read original story …)
Swedish space corporation halts new business with China
STOCKHOLM- Sweden’s state-owned space agency, the Swedish Space Corporation (SSC), which is contracted to help operate Chinese satellites from its ground stations, has decided not to renew those … ( read original story …)
Legend Biotech Taps Interim CEO Amid China Inquiry
Legend Biotech shares are lower. The company named an interim CEO amid an import-export inquiry by the Chinese government. ( read original story …)
Expect tough stance on China, no matter who’s in the White House: Analyst
Brewin Dolphin Investment Director Janet Mui discusses the impact of the U.S. Presidential election on global stocks and central bank policy. ( read original story …)
Shanghai warns investors against plotting on STAR IPO prices
China’s Shanghai Stock Exchange warned investors on Monday against colluding to suppress the price of initial public offerings on its Nasdaq-style market. ( read original story …)
Three Sci-tech innovation IPOs in China approved
The initial public offering (IPO) of three companies on the science and technology innovation board has been approved by the securities regulator in China.Shanghai Taitan Scientific Co., Ltd., … ( read original story …)
Jack Ma’s Ant to Lift IPO Funding Target to $35 Billion
Jack Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech … ( read…
Small investors likely to steer clear of Star Market ETFs as bubble concerns grip China’s Nasdaq
Individual investors ignore the upcoming sales of ETFs linked to the Star Market 50 index as they are wary of the excessive valuation and wild swings. ( read original story …)
China releases details on its own blacklist, raising uncertainty for foreign businesses
We hope significant restraint is exercised in utilization of the list,” the U.S.-China Business Council said in a statement. “Companies increasingly feel squeezed between the US and Chinese … ( read original story …)
TikTok fact-checks: US IPO, Chinese ownership, $5B in taxes
There is no shortage of speculations and reports around TikTok’s future in the U.S. Amid a swirl of rumors, TikTok’s Chinese parent ByteDance issued a statement (in Chinese) on Monday morning, … ( read original…
ADVERTISEMENT
