The expansion of the DCEP testing to larger cities could mark the final phase before the official launch. The People’s Bank of China (PBOC) has made tremendous progress in developing a central bank … (…
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China’s Kuaishou Aims to Raise up to $5.42 Billion in Hong Kong IPO
HONG KONG (Reuters) – Chinese online video company Kuaishou Technology is aiming to raise $4.95 billion to $5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for ……
U.S. -China Trade Tensions Will Persist Under Biden: TD Bank Economist
With the new Biden administration, certainly you’re going to have the same complaints about the trading relationship with China as the previous administration did” … ( read original story …)
Kuaishou Seeks $5.4 Billion in Biggest Tech IPO Since Uber
Kuaishou Technology, the main rival to ByteDance Ltd. in China, is seeking to raise as much as $5.4 billion in Hong Kong in what would be the world’s biggest internet initial public offering since ……
Hong Kong stocks roar into 2021 on surge of investment from China
One of the world’s biggest laggards in major global stock indexes in 2020 is the best performer so far this year, thanks to a deluge of Chinese money. Hong Kong’s Hang Seng Index has touched…
Hong Kong stocks look for earnings boost, mainland China tonic to overcome fatigue after world-beating run
Hong Kong markets suffered their biggest slide in eight weeks on Friday, the first sign of fatigue during the best start to a year since 1985. Investors, though, will not run out of reasons to…
Nokia, China Mobile trial AI-powered radio access on live 5G network
The companies completed an AI-based real-time user equipment (UE) traffic bandwidth forecast trial in Shanghai … ( read original story …)
Foreign companies are giving up on the United States and betting big on China, report says
Foreign companies are turning their backs on the United States, taking advantage of China’s booming economy and superior management of the Covid-19 pandemic. ( read original story …)
Great Predictions about Blockchain and crypto market in 2021
When any nation’s history is written, the year 2020 will occupy a particular chapter with multiple social-economic difficulties. In that year, most of the world’s economies came to a standstill. The … ( read original…
China EV war: Evergrande raises US$3.35 billion in plan to dominate Tesla, NIO and other home rivals
China Evergrande’s electric-car unit is seeking US$3.35 billion from a stock placement to stay in the EV race. Hui Ka-yan’s entity is turning to some familiar friends and tycoons for financial backing … ( read…
Tencent-Backed Kuaishou, TikTok’s Main Rival in China, Readies its IPO
China’s Kuaishou, the country’s number two short-form video platform, is set to hit the public markets in the next week or two. Although Kuaishou is China’s second-place platform behind Douyin, which … ( read original…
Americans Fine With Paying More If Trading With Democracies, Not China
Americans already pay more for specialty foods and drinks. They’ll definitely pay more for an American made pair of shoes. ( read original story …)
Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business
A class-action lawsuit has been filed against a Nasdaq-listed bitcoin mining company. The suit cites a report claiming that the business is “completely fraudulent,” with nonexistent bitcoin mining … ( read original story …)
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