At the end of May, China Mobile claimed it currently had 55.6 million 5G subscribers, 11.86 million of which were added during May alone. China Telecom said it has 30.1 million, while China Unicom has…
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China’s EV Startups View IPOs as Way to Stave Off Extinction
Electric-car makers in the cutthroat Chinese market face a potentially lethal mix of plummeting demand and a Tesla Inc. offensive, prompting more startups to see initial public offerings as a way to … ( read…
Chinese stocks plunge and lead global markets lower as investors weigh escalating US-China tensions running beyond ‘mere tariffs’
Global stocks tanked on Friday as investors weighed tensions between the US and China worsening at an exponential pace. On Friday, China … ( read original story …)
Asian markets sink as U.S.-China tensions rise, U.S. tech stocks fall
Stocks fell in Asia early Friday, following rising tensions between the U.S. and China and a selloff of tech stocks on Wall Street. Markets in Japan were closed for a holiday. On Friday, China ordered…
China’s Hozon Targets IPO in Bet on Affordable Electric Cars
China’s Hozon Auto is seeking financing on the way to a planned initial public offering, betting on rising demand in rural areas for its electric cars that start at less than $10,000. ( read original…
Tesla’s China Rival WM Motor Considers Star Board IPO
It recently delivered its 30,000th EX5 SUV vehicle, the company announced this month. Though China’s auto market is recovering as the coronavirus pandemic recedes, Chinese EV startups remain under … ( read original story …)
China tells U.S. to shut consulate in Chengdu, in retaliation for Houston closure
The dispute over diplomatic facilities represents a new front in the broadening strategic contest between the world’s two largest economies. ( read original story …)
Bitcoin Daily: YouTube Seeks Dismissal Of Ripple Lawsuit Alleging Crypto Scam; China’s Ant Group Launches AntChain Blockchain
YouTube is seeking to dismiss a lawsuit against it from crypto firm Ripple alleging that YouTube doesn’t do enough to remove scams and fraud. ( read original story …)
U.S., China tensions hit an ‘all-time high’ post April, will continue in July: Deutsche Bank Global Head of Technology Investment Strategy
Apjit Walia, Deutsche Bank Global Head of Technology Investment Strategy joins Yahoo Finance’s On The Move panel to break down why the tech cold war would cost $3.5 trillion and discuss how both … (…
China’s Red-Hot IPOs Are Creating a New Billionaire Every Week
Zhong Shanshan, whose schooling was interrupted during China’s cultural revolution, worked in construction, as a reporter and in the bottled-water business. Today, he’s worth $17 billion after his … ( read original story …)
Blockchain Bites: OCC’s Crypto Letter, Eth 2.0’s ‘Official’ Testnet and Dinwiddie’s Tokenized Airball
Visa said crypto is part of “the future of money,” members of the U.S. Senate think the dollar should go digital and OCC will allow banks to custody crypto. ( read original story …)
Unions and NGOs call on big brands to stop using forced labor from China
A coalition of labor unions and NGOs on Thursday urged clothing brands and retailers not to exploit labor from the Xinjiang Uighur Autonomous Region in China. The organizations called on brands to … ( read…
More than 400,000 5G stations rolled out in China by June
A China Mobile employee adjusts and tests 5G base station equipment at Tongling Railway Station in East China’s Anhui Province on April 27. Photo: cnsphoto China is steadfast in pushing 5G rollout … ( read…
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