abruptly suspended a planned $37 billion IPO in Shanghai following pressure from the authorities. The botched listing came after Ma made comments in public criticising China’s financial regulators.
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Breakingviews – Capital Calls – South Korea gaming IPO primes for high score
The company behind one of the world’s most successful mobile games has applied to go public in South Korea. Krafton, which counts China’s Tencent as a key backer, more than doubled operating profit …
Mubadala Said to Plan GlobalFoundries IPO at $20 Billion Value
Source: Bloomberg) The IPO market has been booming since last year … in a unique position as the industry gets sucked into the trade war and tension between China and the U.S. Most of the…
Inside China’s quiet plan to dethrone the dollar
The People’s Bank of China (PBOC) is piloting a digital version of the country … yuan — making its proposed narrow price fluctuations something of an anomaly in crypto-land. On the flip side, the …
Peter Thiel: China could use bitcoin as a ‘financial weapon against the US’
when asked about China’s prospective plan to create a digital currency. He continued: “… And, even though I’m sort of a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether at this point …
Breakingviews – China plus bitcoin is a marriage of convenience
NEW YORK (Reuters Breakingviews) – Tech mogul Peter Thiel suggested this week that China might use bitcoin as a “financial weapon” to unseat government-backed currencies in general and the U.S. dollar …
Beyond Meat Competitor Impossible Foods Is Readying Its IPO, Sources Say
After years of investor anticipation and guesswork, sources close to the situation told Reuters today Impossible Foods, the biggest dedicated U.S. plant-based meat maker after Beyond Meat ( …
2021 U.S. Exports To China Up 43% From Pre-Covid 2019, Imports At Record Level
Imports of medicine in pill form have grown in the first two months of 2021. A 43.06% surge in exports to China is one of two pronounced changes in U.S. trade in early 2021, leaving…
Biden administration slaps export controls on Chinese firms for aiding PLA weapons development
The Biden administration on Thursday placed seven Chinese firms and government labs under U.S. export controls for their involvement in China’s effort to build supercomputers that help develop nuclear …
China Could Use Bitcoin as ‘Financial Weapon’ Against U.S., Peter Thiel Warns
“Even though I’m a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S.” says …
China on a mission to turn ‘junk’ patents into treasure
As part of its drive to achieve technological self-sufficiency, Beijing is overhauling its system of reward for patent filing.
China, the Convenient Foil
Peter Thiel is both right and wrong in calling Bitcoin a tool that could empower China and challenge the U.S. dollar.
PayPal co-founder Peter Thiel warns bitcoin could be used by Beijing as a ‘financial weapon against the US’ and criticizes Google and Apple for being too close to China
PayPal co-founder Peter Thiel (pictured) said Tuesday that bitcoin could be used as a ‘Chinese financial weapon against the US’ and criticized Google and Apple for being too close to China.
