According to Larsen, “…at least 65 percent of cryptocurrency mining is concentrated in China, which means the Chinese government has the majority needed to wield control over those protocols and can … ( read original…
Tagged By crypto
Crypto Yuan Will Meet the Dollar — in Hong Kong
Hong Kong, according to China’s Commerce Ministry, which is also planning similar evaluations in Shanghai, Macau, Beijing, Tianjin and the p … ( read original story …)
Flood of IPOs to Test Resilience of China’s Sizzling Tech Board
A flood of new offerings will test investor demand for the already pricey ChiNext board on Monday, when the index begins trading under revamped rules that removes daily price limits for debut shares. ( read…
China approves 7 new IPO applications
China’s top securities regulator has approved the initial public offering (IPO) applications of seven companies. Shanxi Huaxiang Group Co., Ltd., Ways Electron Co., Ltd., Hangzhou Li-On … ( read original story …)
From Trump’s TikTok Mess to US Tech Cold War Against China
To avoid conflict in national jurisdictions, Zhang had TikTok and its Chinese version Douying run on separate servers. TikTok’s data collection is similar to that of major US social media and … ( read original…
Chinese Insurer Waterdrop Plans US IPO After $230M Funding Round
In a bid to grow its health insurance division and go public in the United States, Waterdrop Inc., a Hong Kong-based insurer, has raised $230 million. ( read original story …)
Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds
In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. ( read original story …)
China EV Maker XPeng Seeks to Raise Up to $1.11 Billion in IPO
Chinese EV producer XPeng filed for an IPO, seeking to raise up to $1.11 billion by selling 85 million ADSs at $11 to $13 each. ( read original story …)
$50bn in cryptoassets moved out of China in the past year
Report may indicate investors could be using stablecoin Tether to dodge rules to limit capital flight from China. ( read original story …)
Bitcoin Has Lost Its Way: Here’s How to Return to Crypto’s Subversive Roots
Bitcoin has traded its radical potential for the prospect of mainstream adoption. It’s not worth it, writes Rachel-Rose O’Leary. ( read original story …)
Chinese EV maker Xpeng sets terms for $1 billion US IPO
X peng, which manufactures smart electric SUVs and sedans in China, announced terms for its IPO on Friday. The Guangzhou, China-based company plans to raise $1.0 billion by offeri … ( read original story …)
Xpeng seeks to raise up to US$1.1 billion in New York IPO as electric car maker prepares to challenge Tesla in China
China’s electric car start-ups are rushing to raise capital to fight for market share in the world’s largest car market where sales are forecast to triple by 2025. ( read original story …)
Chinese EV maker XPeng looks to raise up to $1.11 billion in U.S. IPO
Chinese electric vehicle manufacturer XPeng Inc said it is hoping to raise up to $1.11 billion in its U.S. initial public offering, seeking to ride the enthusiasm for EVs even as U.S.-China relations … (…