Souring sentiment in China has derailed plans for initial public offerings at facial recognition companies that also have government contracts. Alibaba-backed Megvii put plans to raise as much as $1bn … ( read original story…
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Nutraceutical producer Happiness Biotech sets terms for $13 million IPO
Happiness Biotech Group, a China-based nutraceutical and herbal dietary supplements producer, announced terms for its IPO on Friday. The Nanping, China-based company plans to raise $13 million by … ( read original story …)
Amazon’s Merchants Are Feeling the Pain of a Trade War With China
Over the past several years, Shanghai entrepreneur Yung Lin has built a decent business selling wrenches, screwdrivers and other tools on Amazon.com. Then President Donald Trump imposed tariffs on … ( read original story …)
China’s Wanxiang partners with PlatON to power ‘blockchain smart city’
Chinese automotive component manufacturer Wanxiang has partnered with global privacy-preserving computing network PlatON to co-develop the data infrastructure for China’s largest smart city project in … ( read original story …)
FedEx admits another error with Huawei packages, may get put on China’s ‘unreliable entities list’
A company spokeswoman confirmed that the package was U.S.-bound but declined to say what it contained. China’s Global Times newspaper said in a tweet that FedEx is likely to be added to China’s … (…
China’s Qu Dongyu elected as new FAO general director
Qu has also been in charge of China’s agri-business co-operation with Asian, African and Latin American countries and China’s main trading partners of produce. … ( read original story …)
China’s President Xi to attend G20 summit from June 27-29: report
China’s President Xi Jinping will attend the G20 summit in Japan next week, state-run Xinhua news agency said on Sunday, giving the first official confirmation of his attendance at a gathering where … ( read…
Wanxiang appoints computing network, PlatON to power China’s largest blockchain smart city
Wanxiang, the biggest automotive component manufacturer in China, has partnered with PlatON, the pioneering global privacy-preserving computing network, to co-develop the data infrastructure for China … ( read original story …)
Commentary: Is The U.S.-China Trade War Behind Bitcoin’s Latest Bull Run?
Crypto-asset analysis is dominated by technical … New tariffs would put pressure on the PBOC to do further stimulus and protect China’s export economy. If devaluing the yuan is part of that … ( read…
Examining Facebook’s Claim Its Crypto Is for the Unbanked
Related: Libra Could Be Unbalanced by Indian Crypto Laws However, Findex also says that over half of the 1.7 billion come from just seven countries: Bangladesh, China, India, Indonesia … ( read original story …)
Why we need to keep selling Canada’s brand in China
The Canada Day in Beijing event was organized by the Canada China Business Council and partly sponsored by Destination Canada, a federal Crown corporation that promotes tourism in key markets around … ( read original…
Korean Fashion Brand Basic House Mulls Sale of China Unit
(Bloomberg) — TBH Global Co., the South Korean clothing retailer whose brands include Basic House, is considering a sale of its Chinese business that could raise about $200 million, according to … ( read original…
Alibaba’s 6.18 Mid-Year Shopping Festival breaks records across China
Premier brands hit better-than-expected results … Powered by Cainaio, Alibaba’s logistics arm, customers in 354 cities in China were able to enjoy same-day delivery during this year’s 6.18 Mid-Year … ( read original story …)
