Standard Chartered said the blockchain letter-of-credit transaction, between Rio Tinto and Chinese firm Baosteel, was the first to be denominated in Chinese yuan. ( read original story …)
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Pandemic Accelerates Drive for Blockchain in Trade Finance
In its most basic form, trade is a complicated transaction — a buyer in one country, a seller in another, middlemen and agents to navigate a maze of shipping lines, customs officials, air freight and … (…
COSCO SHIPPING, Dongfeng Corporation and China Mobile Jointly Release Construction Results for Model Project of 5G Smart Ports
China Mobile Communications Group Co., Ltd. (“China Mobile”) and Dongfeng Motor Corporation (“Dongfeng Corporation”) jointly held the “5G+ Driverless-enabled Smart Ports” Online Conference in six … ( read original story …)
China’s Tencent Reaps Revenue of Lockdown Gaming Boom
High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits, with blockbuster games PlayerUnknown’s Battlegrounds Mobile and Honor of Kings helping … ( read original story …)
Why China’s Technology Theft Poses a Bigger Challenge Than That of the Soviet Union
In the context of ongoing discussions of Chinese technology theft, it’s worth revisiting how the Soviet Union sought to acquire U.S. technology during the Cold War. A CIA report on the acquisition … ( read…
How Good Is Hi Sun Technology (China) Limited (HKG:818) At Creating Shareholder Value?
Today we’ll evaluate Hi Sun Technology (China) Limited (HKG:818) to determine whether it could have potential as … ( read original story …)
JD.com-backed delivery platform Dada Nexus lines up for a US stock sale even as bitter aftertaste of Luckin Coffee’s scandal lingers
Dada Nexus, a Chinese crowdsourced on-demand delivery and retail platform backed by e-commerce giant JD.com, has filed for an initial public offering (IPO) in the United States according to a … ( read original story…
IPOs Help Lift China To Record On Forbes Global 2000 List
China, including Hong Kong, notched a record performance on this year’s Global 2000 survey of the world’s 2,000 top publicly traded companies. ( read original story …)
Kingsoft Cloud is considering a Nasdaq IPO, in a US$450 million bet that anti-China sentiment is a tempest in a teapot
Kingsoft Cloud, the cloud storage subsidiary of one of China’s biggest computer software developers, is eyeing an initial public offering (IPO) on the Nasdaq, pitching to tap the US capital market … ( read original…
Another Large Chinese IPO Lines Up in U.S. After Luckin Scandal
Dada Nexus Ltd., an operator of crowd-sourced delivery platforms in China backed by JD.Com, has filed for what could be the second large U.S. initial public offering by a Chinese firm since an … (…
Brands of Chinese listed companies worth $1.77 tln unveiled on ‘China Brand Day’
Top 100 Chinese Listed Companies by Brand Value, Top 50 Chinese Listed Companies by Brand Value Overseas, and Top 50 Chinese Upstart Companies by Brand Value are unveiled. “Despite hardship, Chinese … ( read original…
What is China’s cryptocurrency-like sovereign digital currency and why is it not like bitcoin?
China’s sovereign digital currency could be launched later this year, with the likes of Alibaba’s Alipay and Tencent’s WeChat Pay already popular payment methods. ( read original story …)
Nasdaq Is Still Accepting Listings From China, CEO Says
Nasdaq Inc. Chief Executive Officer Adena Friedman says the exchange is still accepting listings from China. She appears on the latest episode of “Leadership Live With David Rubenstein.” (Source: Bloo … ( read original story…
