With the market saturated in China’s top-tier cities, luxury brands are turning to fashion-conscious millennials in second- and third-tier cities such as Chengdu and Hangzhou. ( read original story …)
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Chinese Vaping Firm Seeks Up to $1.2 Billion in U.S. IPO
Chinese e-cigarette maker RLX Technology Inc. is looking to raise as much as $1.17 billion from a U.S. initial public offering, highlighting how American stock exchanges remain attractive fund-raising … ( read original story …)
China’s Kuaishou to open books for $5 billion Hong Kong IPO next week – sources
Chinese online short video company Kuaishou will open the books for its Hong Kong initial public offering to raise at least $5 billion next Monday in the city’s biggest float in more than a year,…
Crypto News Recap: BTC Correction Might Not be over Yet, Nvidia Mulls Making Mining GPUs Again
The world’s first cryptocurrency price (trading now around $35,230) lost around 1.35% of its value over the last 7 days. Source: coinmarketcap.com … ( read original story …)
China’s economic recovery picks up speed after Covid-19 shock –business live
Bloomberg explains that China’s growth beat forecasts, and will aid the global economic recovery this year: “China has more than returned to trend growth,” said Raymond Yeung, chief economist for … ( read original story…
China stock alarm bells rebuffed as JPMorgan, BlackRock stay upbeat, market barometers remain a distance from 2015 crash triggers
After a 61 per cent rally from the depths of the Covid-19 pandemic, talk of bubbles among China stock bears is emerging before the Year of the Ox kicks in next month. ( read original…
China’s Growth Beats Estimates
The latest data out of China confirms that the country’s economy expanded last year, making it the only major nation to avoid a contraction amid the pandemic fallout. Full year growth came in at 2.3%…
Chinese E-Cigarette Maker Seeks Up to $1.2 Billion in U.S. IPO
Chinese e-cigarette maker RLX Technology Inc. is looking to raise as much as $1.17 billion from a U.S. initial public offering, highlighting how American stock exchanges remain attractive fund-raising … ( read original story …)
Bitcoin Mining Firm HASHR8 Says US and other First World Nations Might Make Crypto Mining “A Strategy to Maintain Power”
Bitcoin mining firm HASHR8 says US and other first world nations might make crypto mining “a strategy to maintain power.” … ( read original story …)
Top JPMorgan banker sees steady supply of Chinese health care IPOs, even as investors flag valuation concerns
China’s health care industry, the world’s second largest, will see a sustained increase in stock offerings after registering record-high transactions and valuations in 2020, a senior JPMorgan Chase … ( read original story …)
China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency
China’s Blockchain-based Service Network (BSN) – a permissioned blockchain network for building decentralized applications and tokens – plans on releasing a beta central bank digital currency (CBDC) … ( read original story …)
China approves four sci-tech innovation IPOs
The initial public offerings (IPOs) of four firms on the science and technology innovation board have been accepted by Chinese securities regulator. The China Securities Regulatory … ( read original story …)
Global Hedge Funds Struggle Even in a More Open China Market
In November, China expanded access for more than 400 foreign institutions … Chinese hedge funds face frustrations too, though. Those hoping for more business from international players have also … ( read original story …)
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