Cloud-mining service provider BitFuFu, backed by industry giant Bitmain, will go public through a merger with a blank-check firm in a deal that values the combined entity at $1.5 billion. This …
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Saudi Aramco and Abu Dhabi’s ADNOC retain status as Middle East’s ‘most valuable’ brands
ADNOC’s Dr. Sultan Al Jaber is highest ranked CEO outside of US and China Dubai: Saudi Aramco and ADNOC in the UAE have retained their status as the Middle East’s most valuable brands for 2022,…
Tencent-backed Chinese car maintenance startup Tuhu files for HK IPO
Tuhu plans to use the money raised from the IPO to help automate its distribution centers through the use of robots.
Slowdowns in the U.S. and China will hold back global growth, a report says.
The International Monetary Fund forecasts that the growth rate of the world economy will slow to 4.4 percent in 2022.
Singapore clamps down on ads for ‘highly risky’ crypto trading
The Monetary Authority of Singapore on Monday published a set of guidelines instructing crypto businesses to stop marketing or advertising their offerings to retail investors in public spaces, both …
LG battery division seeks global dominance after blockbuster IPO
LG’s battery business delivered South Korea’s biggest-ever initial public offering last week, helped by frenzied interest from millions of ordinary Koreans convinced that US-China tensions will drive …
Gen Z retailer SHEIN eyes 2022 U.S. IPO, in what may be the first big Chinese firm to list in the U.S. since last summer
CEO Chris Xu, a Chinese citizen, is considering obtaining Singaporean citizenship in a bid to help smooth the IPO process, says the same report, which cites two people familiar with the matter. Last …
Saudi Arabia reports more non-oil exports, large amount of trade with China
Saudi Arabia has reported an increase in non-oil exports for the end of 2021. The Saudi General Authority for Statistics said today that non-oil exports in November of 2021 totaled 26 billion Saudi …
Factbox: China sustains commerce, trade growth momentum in 2021
Amid effective epidemic containment measures, China sustained its upward momentum in commerce and foreign trade last year, with a stellar performance to achieve stable business operation, according to …
China Overtakes US as Israel’s Largest Source of Imports
China became Israel’s largest source of imports in 2021 with $10.7 billion, overcoming the previous top spot held by the United States, revealed Israel’s National Bureau of Statistics on Thursday.
China was Israel’s leading source of imports in 2021
Israel imported $10.7 billion in goods from China in 2021, a nearly 40 percent increase from 2020 – Click the link for more details.
Why are iconic American brands Cadillac, Tiffany’s and Visa still throwing money at Californian-born skier Eileen Gu, 18, who turned her back on Team USA to compete for China …
Californian born skier Eileen Gu, one of the most promising young stars of the Winter Olympics, will compete for China at this year’s games after turning her back on Team USA.
Kyrgyz student starts business to help promote Chinese brands
Nurislam has also got a Chinese name, Lu Di. He graduated from high school in his home country Kyrgyzstan seven years ago, and was eager to continue his studies abroad. He said China wasn’t his…
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