Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding , has made a preparatory filing with China’s securities regulator for its planned blockbuster initial public offering. ( read original story …)
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China recovery hopes dented by fall in retail sales – business live
As the first country to be hit by the Covid-19 pandemic, and the first to ease lockdown rules, China is a litmus test for global economic prospects. So it’s rather concerning that retail spending ……
China is set to expand its digital currency testing program to large cities, including Beijing
China’s commerce ministry has officially said that it would expand the digital currency testing program to large cities, including the capital Beijing.The post China is set to expand its digital … ( read original story…
China to Launch Major Expansion of Digital Currency Trials
China is planning a major expansion of testing for the central bank-led digital yuan, according to a Wall Street Journal Report on Friday. The country’s Ministry of Commerce … ( read original story …)
Breakingviews – U.S.-China tech spat is less costly than tariffs
China tech spat is a less costly fight than the trade war. The two nations will review their deal that reduced tariffs as the White House refocuses on purging Chinese technology. The latter is nothing…
China to Expand Testing of a Digital Currency
China said it would expand a pilot program for its digital currency to include a number of large cities, advancing a pioneering initiative by a major central bank to launch an electronic payment … (…
Top iPhone Assembler Foxconn Expects To Move Further Away From China
Foxconn Technology Group, Apple’s main iPhone assembler, plans to split its manufacturing capacity between China and other countries. ( read original story …)
Cryptocurrency Market News: Bitcoin unstoppable push to $12,000, China piloting digital currency in cities
At the time of writing, Bitcoin is trading at $11,716. An intraday low at $11,686 marked the end of the bearish leg. However, expected gains above $11,800 continue to delay due to low volatility and…
China’s economy set for gradual recovery into second half of 2020: Oxford Economics
China will find it “extremely difficult” to reach its targets for the “phase one” trade deal with the United States due to a decline in growth prospects globally, says Sian Fenner, lead Asia economist ……
China factory output flat, retail sales slip in July
China has reported its factory output rose just under 5% last month from a year earlier while retail sales fell slightly … ( read original story …)
AI Unicorn SenseTime Is Said to Mull Hong Kong, China IPO
SenseTime Group Ltd., China’s largest artificial intelligence company, is exploring a dual listing in Hong Kong and China as it closes in on $1.5 billion of pre-IPO financing, according to people … ( read original…
Trump’s Tech War with China Could Cost Apple Dearly
Please consider Apple’s $44 Billion China Market Threatened by Trump WeChat Ban Apple Inc. spent years building China into a $44 billion growth driver. Then the U.S. president last week cast all that … (…
Why It’s Time to Pay Attention to Mexico’s Booming Crypto Market
In a trend that is largely unnoticed outside of the country, Mexico is embracing cryptocurrency at a breakneck speed. ( read original story …)
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