About $50 billion in cryptocurrency assets have left China in the past year, a possible indication that investors are dodging rules that limit how much capital they’re allowed to transfer from the … ( read…
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Chinese Crowdfunding, Insurance Site Waterdrop Raises $230 Million, Plans U.S. IPO
Chinese online insurance technology platform Waterdrop Inc. has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet … ( read original story …)
China’s Alibaba Says Business Is Back to Normal, Quarterly Profits Hit $5.6 Billion
Alibaba, Chinese e-commerce and entertainment giant, says that the worst of the economic fallout from the coronavirus is now behind it. Indeed, the health and economic crisis is accelerating digital … ( read original story…
Bank of East Asia interim profit jumps on efforts to contain bad loans from ill-fated strategy in mainland China business
The Bank of East Asia (BEA) said efforts to arrest a surge in bad loans in its mainland China business are paying off, as earnings improved from its worst year in a decade despite pressure…
China’s Waterdrop nabs $230M for its crowdfunded, mutual aid insurance platform
When people in the US or Europe think of crowdfunding and medical expenses, sites like GoFundMe, where people fundraise around specific predicaments, come to mind. Waterdrop, which goes by Shuidihuzhu … ( read original story…
China’s Alibaba Beats Quarterly Revenue, Profit Estimates
China’s Alibaba Group Holding Ltd beat quarterly revenue and profit estimates on Thursday as its core commerce and cloud computing businesses benefited from a shift to online shopping and working from … ( read original…
China Blockchain Technology Market 2020-2023 / Growth, Emerging Trends, And Forecast
China is leading global blockchain patent applications. Digitally-minded opportunists are the breakthrough of blockchain in China. The local governments of China are looking forward to working with … ( read original story …)
Data Sheet on Global Blockchain Technology Market 2020-2023 / Industry Growth, Current Trends and Forecast
Increasing applications in sectors like Banking and Financial Services, Healthcare, Supply Chain Management, Energy, … ( read original story …)
Chinese insurance tech firm Waterdrop raises $230 million, plans U.S. IPO
The sources could not be named due to confidentiality constraints. Founded in 2016, Beijing-headquartered Waterdrop distributes insurance policies online via Waterdrop Insurance Mall, provides … ( read original story …)
Does China want Trump or Biden in the White House? It’s complicated.
As Democrats rally support for their nominee, opinions are divided in Beijing on whether the incumbent or the challenger would present more of an opportunity for China. ( read original story …)
Australia government may block China Mengniu’s milk brands deal – media
Australia’s government may block China Mengniu Dairy Co Ltd’s purchase of some of the country’s best-known milk brands, the Australian Financial Review reported on Thursday, citing unidentified … ( read original story …)
GM bets on EVs, new tech to reverse China slide
General Motors is overhauling its Chinese lineup with a greater emphasis on electric vehicles and smart-driving technology to stem a slide in sales after more than two decades of growth in a country … (…
Chinese telecom operators speed up 5G investment
[Photo/Xinhua] Three major Chinese telecom operators — China Mobile, China Unicom and China Telecom — announced plans to pump up 5G investment in the second half of the year by furthering base … ( read…
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