Bitcoin and cryptocurrency exchange Coinbase are beating Nasdaq in terms of revenue in 2024, the latest data shows. Figures uploaded to X on Dec. 17 by Jamie Coutts, chief crypto analyst at investment firm Real…
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New Asian undersea cable ADC ready to operate, developer says
HANOI: A new undersea fiber-optic cable connecting Japan to Singapore with branches to other Asian countries is ready for operation this month, one of the developers said on Thursday. The Asia Direct …
China has 600 nukes already, and it wants to beat US missile defenses, the Pentagon says
The Pentagon said China is on track to have over 1,000 warheads by 2030, putting it closer to being a nuclear peer of the US and Russia.
Ant Group Warns Against ‘False’ IPO Rumors
Ant, owner of the widely used digital-payment platform Alipay, saw Beijing shut down its giant initial public … among others. Before its IPO plans were derailed, the company was highly profitable, …
Asia Dealmakers See More IPOs, Convertible Bonds in 2025
New listings in mainland China have underwhelmed since last August, when the securities regulator tightened local issuance to stabilize its stock market. Similarly, Hong Kong’s IPO market has …
Hyundai is pouring money into struggling China business
Hyundai and BAIC, a Chinese state-owned automobile manufacturer, are doubling down on their China operations, together injecting $1.1 billion into their joint venture, Beijing Hyundai Motor Co. The …
Business leader pushes for domestic manufacturing in light of China’s mineral export bans
China announced earlier this month it would ban the export of gallium, germanium and antimony, among others, to the United States.
Over 90% foreign travelers use enhanced mobile payment services in China travel: report
A recent study conducted by a research team of the Institute of Silk Road Studies at Beijing Foreign Studies University (BFSU) revealed that foreign travelers in China are experiencing improved mobile payment services. According to…
Hong Kong stocks rise as Beijing proposes steps to boost state-backed firms’ value
China’s state assets watchdog also included proposals on M&As, market-oriented reforms, information disclosure and stock buybacks.
China is building a train that travels faster than a plane – here’s what we know so far
It may not conform to romantic visions of scenic rail travel, but it is the very stuff of science fiction dreams – a new “floating train” being developed in China that is projected to reach…
Balenciaga Opened Its Largest Store Yet – in China
The four-level unit in Beijing’s Taikoo Li Sanlitun shopping complex comes with an archival exhibition and six exclusive product launches.
China’s CATL is planning a major expansion of battery swapping for electric vehicles
CATL announced plans to open 1,000 swap stations next year in China, with a long-term goal of 10,000 stations built with partners.
China Market Update: Dividends Are This Year’s Stocking Stuffer
Asian markets were mixed overnight before today’s hawkish US Fed cut as South Korea outperformed, while Pakistan was down -3.41%, bringing its year-to-date return to +80%.
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