China’s 100 most valuable brands have seen their total value rise 12 percent year-on-year to $996.4 billion this year, according to the 2020 BrandZ Top 100 Most Valuable Chinese Brands list … ( read original…
Tagged By crypto
China Fintech Firm Lufax Set to Raise $2.4 Billion in U.S. IPO
Chinese financial technology firm Lufax Holding Ltd. raised $2.4 billion in a U.S. initial public offering priced at the top of an indicative range, according to people familiar with the matter, just … ( read…
Ant Group’s IPO sees record $3 trillion in retail demand
“It’s a definite thing that one day a Chinese company will have the largest IPO ever but it just came quick,” said Beijing resident Ms Qin, 23, a consultant with one of the leading banks…
Jack Ma’s Ant IPO Lures $3 Trillion of Bids in Retail Frenzy
The biggest initial public offering of all time has unleashed an investor frenzy for the record books.Individual investors in Hong Kong and Shanghai placed orders worth at least $3 trillion for shares … ( read…
China Telecom leads mobile growth in September with nearly 1.7 mln new customers
China Telecom added the most new mobile subscribers in China in September, growing by around 1.66 million to a total of 349.35 million. Market leader China Mobile added 279,000 customers to reach 946. ( read…
China Unicom’s 9-month revenue grows 4.4%, loses 9 mln mobile subscribers
China Unicom posted total service revenue of CNY 207.34 billion for the first nine months of 2020, which represents an increase of 4.4 percent year-on-year. Mobile service revenue reached CNY 116.53 … ( read original…
On Alibaba’s Singles Day, Chinese shoppers are set to splurge on foreign brands as fewer travel overseas
With fewer Chinese going abroad, foreign brands are likely to be a big hit on the annual Singles Day shopping festival, an Alibaba executive told CNBC. ( read original story …)
Chinese city seeks to power urban governance and more using blockchain tech
Authorities in Chengdu, China plan to adopt blockchain for several use cases throughout the city, including urban governance, cross-border trade, smart manufacturing, and agriculture. During the … ( read original story …)
Crypto-Lottery: China’s Solution for Re-Stimulating the Covid Era Economy
China’s state-run People’s Bank of China is currently backing the currency, as part of the government initiative to create a cashless society, with digital currencies ideally cheaper and easier to … ( read original story…
New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks
New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change. In a letter sent to all regulated entities on Thursday, the New York … ( read…
Boeing’s China aviation business in the spotlight after Beijing announces sanctions on defence unit
China’s sanctions on Boeing Defense do not include penalties on the firm’s commercial aviation business, but analysts say Beijing is ‘sending a message’. ( read original story …)
China’s leaders vow to become self-reliant technology power
China’s leaders are vowing to make their country a self-reliant “technology power” as a feud with Washington cuts access to U.S. computer chips and other high-tech components, hampering Beijing’s … ( read original story …)
TikTok owner ByteDance launches education technology brand Dali for China
By Yingzhi Yang and Brenda Goh BEIJING (Reuters) – Beijing-based ByteDance announced a standalone education technology (edtech) brand Dali for the Chinese market on Thursday, becoming another major … ( read original story …)
