Two Chinese crypto exchanges allegedly lost millions of dollars to North Korean hackers. “The Justice Department today filed a civil forfeiture complaint detailing two hacks of virtual currency … ( read original story …)
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Xpeng IPO: Another Tesla rival from China is climbing the American stock market
The Chinese electric-vehicle manufacturer Xpeng has raised $1.5 billion in its initial public offering today. Shares were priced at $15 each, but opened at $23.10. The stock climbed to close to $25 … ( read…
IPO Mania in China Leads to 986% Stock Surge and New Riches
The pace of wealth creation in China just reached a whole new level.Just ask Hu Kun, chairman of Contec Medical Systems Co. Shares of the instruments maker surged more than 10-fold in its market debut…
The Digital Yuan Is China’s Attempt To Upend The Global Financial Order
The digital yuan would be one of the most aggressive consolidations of economic power the world has seen in the 21st century — perhaps the most. ( read original story …)
China Market Update: Xiaomi Earnings Power ATMX Higher, Bilibili Q2 Gets Jiggy Wit It
Asian equities were quiet ahead of today’s Fed Chair announcement. How quiet was it? An institutional broker’s morning note had no notes! It was literally blank while another broker’s Asia recap … ( read original…
To Dunhuang & Yangshuo, Chinese Brands Embrace Destination Shows
While Louis Vuitton moved its spring 2021 men’s show to Shanghai from its usual spot Paris to maximize its value amid a robust China rebound, Chinese fashion brands, which are no longer satis … To…
China’s Xpeng IPO raises $1.5 billion in U.S. IPO for smart EV technologies, expansion
The IPO, which is the third major listing in New York by Chinese EV companies in the past two years, comes as share prices of EV makers including Tesla and Nio have surged in recent…
China’s Xpeng IPO raises $1.5 billion for smart EV technologies, expansion
Chinese electric vehicle (EV) maker Xpeng said on Thursday it has increased the size of its U.S initial public offering (IPO) by more than a third to about $1.5 billion, as global investors race to…
Is the ‘Shopify of China’ Losing Its Momentum?
Its adjusted net income surged 73% to 146 million yuan ($20.7 million), or $0.35 per ADS — which also topped expectations by $0.11. But in the third quarter, Baozun expects its revenue to rise just…
Is it a good time for business between the U.S. and China?
The 37-year-old entrepreneur is a distributor for U.S. brand ScaleBlaster’s water-descaling system. Because of the U.S.-China trade war, he has to pay an additional 5% in tariffs to import goods into … ( read original…
China Mobile Limited — Moody’s affirms China Mobile’s A1 rating; outlook stable
Moody’s affirms China Mobile’s A1 rating; outlook stableRead the full article at Moody’s … ( read original story …)
Chinese EV Maker Xpeng Increases U.S. IPO Size to $1.5 Billion
Chinese electric vehicle (EV) maker Xpeng said on Thursday it has increased the size of its U.S initial public offering (IPO) to about $1.5 billion. ( read original story …)
5G towers are consuming a lot of energy, so China Unicom is putting some of them to sleep overnight
What many people don’t realise, though, is that it’s also expending a lot more energy for Chinese telecom companies. At the beginning of August, a China Unicom branch announced that it would put some ……
