Fujian-based beauty app Meitu, which is publicly listed in Hong Kong, said it has purchased 15,000 units of Ethereum (ETH) on Sunday. What Happened: The company’s cryptocurrency purchase is worth $25. ( read original story…
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JD Could Withdraw Fintech Arm IPO Amidst Regulatory Crackdown: Report
Chinese e-commerce major JD.Com Inc’s (NASDAQ: JD) fintech unit, JD Technology, will likely withdraw its IPO application on Shanghai’s … ( read original story …)
How China’s Digital Ecosystems Are Shaping Western Social Media’s Future
China’s online ecosystem appears to be one step ahead when it comes to providing an end-to-end solution for all kinds of consumer needs. ( read original story …)
Ethereum wakes up as Chinese institution hops on the crypto bus
Ethereum wakes up as Chinese institution hops on the crypto bus while markets react to Joe Biden’s $1.9 trillion Covid-19 relief package. ( read original story …)
JD Needs a Speedy Logistics IPO
Chinese e-commerce giant JD is looking to follow up on the successful spinoff of its healthcare unit by listing its logistics unit. It had better move fast. ( read original story …)
Chinese Beauty Brands Continue to Attract Investment
Chinese skincare brand Zhuben has secured $50 million in Series A funding, while male grooming brand DearBoyFriend has raised several million dollars. Zhuben, a direct-to-consumer skincare brand … ( read original story …)
USHOPAL completes another round of financing, raising 100 million USD, reinforcing leadership as a luxury beauty omni-brand partner for China
USHOPAL, a leading new luxury beauty and new retail group in China, has announced the completion of a 100 million USD round of financing, driving up its investment pool to 200 million USD, aimed at…
China Tower profit rise fuelled by 5G
China Tower stepped up network investments in 2020, working with the country’s mobile operators to build 501,000 5G base stations and increased profit as revenue increased across all three business … ( read original story…
ZTE, China Mobile upgrade Xinfengming’s 5G smart manufacturing platform
ZTE, in partnership with China Mobile, has upgraded Xinfengming Group’s 5G intelligent manufacturing platform, following the completion of the test and verification of the ‘i – wireless 5G intelligent … ( read original story …)
China outlines technology priorities for ‘new era’
The Communist Party of China (CPC) has released more details about its plans to accelerate military modernisation during the country’s 14th Five Year Plan (FYP). ( read original story …)
Dolce & Gabbana sue pair for reposting online 2018 anti-China rant that cost it sales in Asia, as label shuts more stores in China
Luxury fashion brand seeks US$670 million in damages for defamation from founders of social media account that reposted insulting comments attributed to Stefano Gabbana, who was reacting to criticism … ( read original story …)
IMAX China is ‘very well set’ for 2021: CFO
IMAX China’s CFO Jim Athanasopoulos is optimistic about the business in 2021 as the company expands its theatre footprint and starts bringing back more Hollywood content to China … ( read original story …)
China’s semiconductor imports surged year-on-year in January-February period amid global chip shortage
China’s imports of semiconductors and diodes surged in the January-February period, reaching the highest pace in the past six month amid faster economic recovery that boosted demand for semiconductors … ( read original story …)
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