WeWork owns 59% of ChinaCo, and its key investors in the joint venture are Softbank, Hony Capital and Trustbridge. According to WeWork’s website, the company has 115 buildings in Greater China. The … ( read…
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9F IPO: What You Need To Know
A Chinese digital financial accounting platform is part of the IPO slate for the week. Beijing-based 9F Inc. is planning a 8.9-million share IPO, with the company offering 6.75 million ADSs and … ( read…
Trade tensions and a weaker yuan drive Chinese crypto demand, market players say
Measuring crypto trading volume in China or elsewhere is highly difficult. While digital wallets used to send and receive coins can be tracked on the blockchain technology that underpins most coins, … ( read original…
Can China’s state-run cryptocurrency compete with Facebook’s Libra?
But can it effectively counteract the threat to China’s financial system that Chinese officials say Facebook’s crypto project poses? Within a matter of weeks, China has gone from merely … ( read original story …)
Chinese lending platform Samoyed withdraws $80 million US IPO
The Shenzhen, China-based company was founded in 2015 and booked $55 million … The article Chinese lending platform Samoyed withdraws $80 million US IPO originally appeared on IPO investment manager … ( read original story…
WeWork lifts veil on finances with IPO filing
WeWork would be the biggest company by value to list on the U.S. stock market this year after ride-hailing firm Uber Technologies Inc. An IPO would come at a time when an escalating trade war…
European blockchain company Bitfury launches artificial intelligence unit
NEW YORK (Reuters) – European blockchain company The Bitfury Group … That list includes Coinbase, a U.S.-based exchange, and China’s Bitmain, the largest cryptocurrency mining firm in the world. ( read original story …)
Starbucks China rival Luckin sales surge in first results since IPO
Aug 14 (Reuters) – Luckin Coffee Inc reported a more than seven-fold jump in quarterly revenue on Wednesday, in its first earnings report as a public company, as the Chinese challenger to Starbucks … (…
Airline, luxury brands follow China’s lead on Hong Kong
HONG KONG — The chief executive of Hong Kong’s Cathay Pacific Airways warned Monday there will be “disciplinary consequences” for employees involved in “illegal protests,” as the airline joins a … ( read original story…
Samsung loses K-Pop star’s endorsement as it becomes embroiled in ‘One China’ row
The world’s number one smartphone maker Samsung has become the latest global brand to face criticism for damaging China’s “territorial integrity”, with a Chinese K-pop star ending an endorsement … ( read original story …)
Trade war is turning China’s local manufacturers to the domestic market, says e-commerce giant JD.com
Chinese e-commerce company JD.com reports second-quarter revenue that beat market expectations and a net profit, following a loss in the same period last year. “Given perhaps the trade tension, more … ( read original story…
China’s industrial output growth in July falls to 17-year low as trade war escalates
China’s economy has been slow to respond to a flurry of support measures rolled out since last year, with growth cooling to a near 30-year low in the second quarter. Business confidence also remains ……
How Do Analysts See China Unicom (Hong Kong) Limited (HKG:762) Performing In The Year Ahead?
Based on China Unicom (Hong Kong) Limited’s (HKG:762) earnings update in March 2019, the consensus outlook from analysts appear fairly confident, as a 34% increase in profits is expected in the … ( read original…
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