BlueCity Holdings intends to raise $85 million in a U.S. IPO. The firm operates a network of LGBTQ websites for persons in China and other Asia countries. BLCT … ( read original story …)
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State Department Warns Top U.S. Firms Over Supply Chain Risks Linked to China’s Xinjiang
The U.S. State Department warned top American companies including Walmart Inc, Apple Incand Amazon.com Inc over risks faced from maintaining supply chains associated with human rights abuses in … ( read original story …)
China tech giant Alibaba dismisses livestreaming head, citing nepotism, gifts: document
Chinese e-commerce giant Alibaba Group Holding Ltd has fired Zhao Yan, the head of its fast-growing livestreaming division, on grounds of nepotism and accepting gifts, according to an internal memo … ( read original story…
China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown
Chinese police are stepping up efforts in cracking down on illegal economic activities, which now leads to crypto over-the-counter (OTC) traders being detained to assist investigations. ( read original story …)
Can China Be Stopped From Stealing Technology From U.S. Colleges?
Congress is cracking down on Chinese espionage taking place throughout the U.S. scientific community by requiring researchers to disclose foreign funding sources in federal grant applications. The U.S … ( read original story …)
China Market Update: US Investors’ Home Bias: Please Don’t Notice China Bull Market
Year Average Mainland China volume nearly 2X 1-Year Average Northbound Stock Connect volume 2X 1-Year Average$2.421B of foreign buying on the Mainland China via Northbound Connect Asian equities rode … ( read original story …)
U.S. Warns Businesses Over Supply Chains Tied to Rights Violations in China
The administration said companies face legal risks for involvement with entities in China blamed for human-rights abuses, including the mass detention of Uighur Muslims. ( read original story …)
U.S. House passes bill to sanction Chinese banks over Hong Kong
The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement Beijing’s draconian new national security law imposed on … ( read original story …)
China demands info from 4 media companies in response to US
China is demanding staff and business information from four U.S. media companies including The Associated Press in what it calls a necessary response to similar demands by Washington on Chinese state- … ( read original…
JD.com’s fintech arm prepares for IPO in Shanghai’s Star Market
JD Digits, formerly known as JD Finance, has expanded its range of activities to include projects in artificial intelligence, blockchain and data technologies. ( read original story …)
IPO Launch: Quhuo Limited Readies Plan For $27 Million U.S. IPO
Quhuo Limited (QH) intends to raise $27 million in an IPO of ADSs representing underlying Class A shares, according to an amended registration statement. The company hires and manages personnel for on … ( read…
JD.com fintech unit is planning a STAR Market IPO
The initial public offering plan for JD Digits is part of a broader timetable to take JD.com affiliates public over the next two years. ( read original story …)
Micron Technology: China Competitors Stepping On Accelerator Pedal
Micron Technology delivered solid Q3 2020 earnings, outpacing Korean competitors in DRAM bit shipment and NAND ASP growth. China is investing large sums of mone … ( read original story …)
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