China’s new digital currency and Blockchain Services Network are part of a national plan to escape U.S. financial hegemony. ( read original story …)
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Tencent-Backed Beike Files U.S. IPO, Said to Aim for $2 Billion
KE Holdings Inc., a Chinese online property platform backed by Tencent Holdings Ltd. that’s also known as Beike Zhaofang, filed for a U.S. initial public offering that could raise about $2 billion, … ( read…
US stocks drop after China escalates tensions with consulate order
China reignited fears of a global tit-for-tat conflict after ordering the closure of the US’s consulate in Chengdu. ( read original story …)
Can Nokia Stock Avoid Paying the China Price?
The Finnish company Nokia (NYSE:NOK) is caught in the middle of the escalating tension between China and the United States. And that may spell trouble for NOK stock. For the better part of five years,…
5G devices hit the headlines as Huawei and Apple beat China’s 17% plunge
At the end of May, China Mobile claimed it currently had 55.6 million 5G subscribers, 11.86 million of which were added during May alone. China Telecom said it has 30.1 million, while China Unicom has…
China’s EV Startups View IPOs as Way to Stave Off Extinction
Electric-car makers in the cutthroat Chinese market face a potentially lethal mix of plummeting demand and a Tesla Inc. offensive, prompting more startups to see initial public offerings as a way to … ( read…
Chinese stocks plunge and lead global markets lower as investors weigh escalating US-China tensions running beyond ‘mere tariffs’
Global stocks tanked on Friday as investors weighed tensions between the US and China worsening at an exponential pace. On Friday, China … ( read original story …)
Asian markets sink as U.S.-China tensions rise, U.S. tech stocks fall
Stocks fell in Asia early Friday, following rising tensions between the U.S. and China and a selloff of tech stocks on Wall Street. Markets in Japan were closed for a holiday. On Friday, China ordered…
China’s Hozon Targets IPO in Bet on Affordable Electric Cars
China’s Hozon Auto is seeking financing on the way to a planned initial public offering, betting on rising demand in rural areas for its electric cars that start at less than $10,000. ( read original…
Tesla’s China Rival WM Motor Considers Star Board IPO
It recently delivered its 30,000th EX5 SUV vehicle, the company announced this month. Though China’s auto market is recovering as the coronavirus pandemic recedes, Chinese EV startups remain under … ( read original story …)
China tells U.S. to shut consulate in Chengdu, in retaliation for Houston closure
The dispute over diplomatic facilities represents a new front in the broadening strategic contest between the world’s two largest economies. ( read original story …)
Bitcoin Daily: YouTube Seeks Dismissal Of Ripple Lawsuit Alleging Crypto Scam; China’s Ant Group Launches AntChain Blockchain
YouTube is seeking to dismiss a lawsuit against it from crypto firm Ripple alleging that YouTube doesn’t do enough to remove scams and fraud. ( read original story …)
U.S., China tensions hit an ‘all-time high’ post April, will continue in July: Deutsche Bank Global Head of Technology Investment Strategy
Apjit Walia, Deutsche Bank Global Head of Technology Investment Strategy joins Yahoo Finance’s On The Move panel to break down why the tech cold war would cost $3.5 trillion and discuss how both … (…
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