The U.K.’s Financial Conduct Authority (FCA) announced a ban on the sale of crypto derivatives to retail clients from January 2021. The ban will be a setback for the U.K. in maintaining its dominant ……
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In China, most blockchain R&D funds are going toward this segment
A report published by Securities Daily explained how China’s publicly-listed companies spend the millions they have allocated toward blockchain R&D. The study surveyed 23 companies in China who began … ( read original story …)
Blockchain ETFs May Win as Digital Currency Concept Spreads
A s soon as the COVID-19 hit the globe, social distancing mandates and fears that notes may be carriers of the virus made the concept of digital currency popular. The Bank for International … (…
OKCoin Confirms Normal Operations During Founder Arrest in China
OKCoin has assured users its operations and services, including deposits, withdrawals, and trading are operating normally after its founder Mingxing Xu was arrested in China. ( read original story …)
China’s billionaires see biggest gains ever, adding more than $1.5 trillion to their fortunes
China’s billionaires saw their biggest wealth gains in recent history, adding $1.5 trillion to their fortunes from a spate of IPOs and tech growth, according to a new report. ( read original story …)
Intel Sees Opportunity in U.S.-China Tensions’ Impact on Supply Chains
While China is a big market for the company, CEO Bob Swan said he also aims to expand its role in 5G infrastructure as the U.S. and other countries have limited Huawei’s involvement in their…
US-China telecom war is here to stay
But when it comes to telecom policy it is almost guaranteed that the US will not change course. Today’s hardline approach has been a long time coming, recognizing that China’s telecom policies have … (…
China Market Update: Ant Group IPO Date Speculation Grows, China’s Uber Slayer Didi Chuxing Enters IPO Rumor Mill
We also had news that China’s Uber UBER slayer Didi Chuxing is considering a 2021 IPO. As a result, Hong Kong’s volume leaders were Alibaba Hong Kong, which gained +0.74%, followed by Tencent, which ……
China Mobile 9-Month Net Profit Slipped 0.3%
China Mobile Ltd. said its net profit edged down 0.3% during the first three quarters of the year, as lower margins dragged on its bottom line despite an increase in revenue. The telecom carrier on…
Didi considers 2021 IPO in HK – sources
Some of its investors are now thought to be keen to cash in. Three sources have told Reuters that Didi has started initial talks with investment banks for the long-awaited IPO. The Beijing-based … (…
EXCLUSIVE-Didi considers 2021 IPO in Hong Kong, targets more than $60 bln valuation, sources say
IPO could take place as soon as H1 2021 -sources * Had aimed for U.S. IPO, opted for HK amid Sino-U.S. tension -sources * Also considering new fundraising round ahead of IPO -so … (…
Xinhua Silk Road: China’s Putian City unveils “Credit Shoe City” brand logo globally
Putian City, located in southeast China’s Fujian Province, recently released the “Credit Shoe City” brand logo globally. ( read original story …)
Didi considers 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources say
China’s top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with knowledge of the matter said, rethinking previous … ( read original story …)
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