Beijing cited the new rules for the abrupt suspension … Ant’s valuation from over $310 billion at the time of the planned IPO to under $200 billion. Earlier this month at the opening of National…
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CEO of China’s Ant Group steps down
Tech tycoon Jack Ma’s Alibaba, China’s largest online shopping portal … Ant Group had been set for a record-busting $34 billion IPO in Hong Kong and Shanghai late last year when the double listing ……
China’s Ant Group CEO Departs Amid Regulatory-Driven Revamp
China’s Ant Group Chief Executive Officer Simon Hu has stepped down from his role, the company said on Friday, as the fintech giant is being pushed by regulators to revamp operations after its failed ……
UPDATE 1-Chinese city curbs exporters’ forex transactions to slow yuan rally -sources
Regulators have tightened the screws on foreign exchange transactions in one of China’s main export hubs by restricting conversions of exporters’ dollar earnings, people familiar with the matter said, … ( read original story …)
African swine fever still ‘major risk factor’ for China as it bans Malaysian pig imports over outbreak fears
The deadly African swine fever once killed half of China’s pig population, sending the price of pork skyrocketing, and six small outbreaks have been reported since the start of 2021. ( read original story …)
Blockchain Gets First Mention in China’s 5-Year Policy Plan
Blockchain technology was mentioned for the first time ever in a draft of China’s national five-year policy plan, the final version of which was approved by lawmakers and advisers at the end of an ……
Alibaba-Backed Chinese AI Startup Megvii Files for Shanghai IPO
It now joins Lenovo Group Ltd. in taking advantage of the CDR program Beijing kicked off three years ago to lure promising startups and big names to mainland bourses. — With assistance by Charlie Zhu,…
China’s Ant Group CEO Hu departs amid regulatory-driven revamp
China’s Ant Group Chief Executive Officer Simon Hu has stepped down from his role, the company said on Friday, as the fintech giant is being … ( read original story …)
China’s blockchain ambitions set in stone after mention in national five-year plan
For the first time in its history, China’s five-year plan mentions blockchain specifically, as the technology heads up the country’s research and development drive. ( read original story …)
NFT Art Craze Spreads to China
The curator of the exhibition, Sun Bohan, told the publication crypto art is an emerging trend that is formed by “bridging art and blockchain-based platforms, culture, and technology.” On Thursday, a … ( read original…
China targeting India? Import costs of paracetamol, antibiotics ingredients see 100% jump
New Delhi: The prices of raw materials to manufacture medicines have started moving up, yet again. And China is to be blamed. The prices of raw materials, known as active pharmaceutical ingredients … ( read…
Weibo deactivates Bitcoin trading platforms in China, raising concerns on cryptocurrency rules
Global Times – The Weibo accounts of three major Bitcoin trading exchanges, Huobi, OKEx and Binance were deactivated on Thursday, triggering concerns over tightening regulation on cryptocurrency in … ( read original story …)
Chinese online luxury retailer Secoo and iconic British brand Liberty hold an offline exhibition in China
Secoo (NASDAQ: SECO), the leading online luxury retailer in China, will hold a two-week offline exhibition in China in cooperation with the 146-year-old leading British department store Liberty. This … ( read original story …)
