To avoid conflict in national jurisdictions, Zhang had TikTok and its Chinese version Douying run on separate servers. TikTok’s data collection is similar to that of major US social media and … ( read original…
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Chinese Insurer Waterdrop Plans US IPO After $230M Funding Round
In a bid to grow its health insurance division and go public in the United States, Waterdrop Inc., a Hong Kong-based insurer, has raised $230 million. ( read original story …)
Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds
In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. ( read original story …)
China EV Maker XPeng Seeks to Raise Up to $1.11 Billion in IPO
Chinese EV producer XPeng filed for an IPO, seeking to raise up to $1.11 billion by selling 85 million ADSs at $11 to $13 each. ( read original story …)
$50bn in cryptoassets moved out of China in the past year
Report may indicate investors could be using stablecoin Tether to dodge rules to limit capital flight from China. ( read original story …)
Bitcoin Has Lost Its Way: Here’s How to Return to Crypto’s Subversive Roots
Bitcoin has traded its radical potential for the prospect of mainstream adoption. It’s not worth it, writes Rachel-Rose O’Leary. ( read original story …)
Chinese EV maker Xpeng sets terms for $1 billion US IPO
X peng, which manufactures smart electric SUVs and sedans in China, announced terms for its IPO on Friday. The Guangzhou, China-based company plans to raise $1.0 billion by offeri … ( read original story …)
Xpeng seeks to raise up to US$1.1 billion in New York IPO as electric car maker prepares to challenge Tesla in China
China’s electric car start-ups are rushing to raise capital to fight for market share in the world’s largest car market where sales are forecast to triple by 2025. ( read original story …)
Chinese EV maker XPeng looks to raise up to $1.11 billion in U.S. IPO
Chinese electric vehicle manufacturer XPeng Inc said it is hoping to raise up to $1.11 billion in its U.S. initial public offering, seeking to ride the enthusiasm for EVs even as U.S.-China relations … (…
China supercharges its 5G investments
Chinese operators investing heavily in 5G radio access networksCombined 5G capex of more than $12 billion in H1Huawei, ZTE and (less so) Ericsson share the … ( read original story …)
China’s CBN still short of 5G cash and answers
China Broadcasting Network (CBN) is far behind 5G rivals, stymied largely by funding challenges, and time is running out. ( read original story …)
Energy transition away from coal in China will yield benefits
China is the world’s largest producer and consumer of coal. A team of international scientists led by Stony Brook University’s Gang He, Ph.D., contend that China needs to transition away from coal to … (…
Tour China’s ‘Mars yard’ for its Tianwen-1 rover mission (video)
To prepare for China’s first Mars mission, Tianwen-1, the China Academy of Space Technology built a simulated Martian landscape on Earth and took the new rover out for a test drive. The Tianwen-1 Mars ……
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