China’s second-largest real estate developer is close to bankruptcy, leaving millions of property investors nursing heavy losses. A day earlier, news agency Bloomberg reported that the company’s CEO, …
Tagged By import
Hong Kong crypto VC opens $100M fund for Asian blockchain startups
The crypto fund, named Titan Fund … Jebsen Capital and Animoca Brands founder Yat Siu, the South China Morning Post reported. Titan Fund will concentrate on investments in three key areas namely …
Beijing Fourth Paradigm to price Hong Kong IPO at low end of range, source says
SYDNEY, Sept 21 (Reuters) – Chinese artificial intelligence startup Beijing Fourth Paradigm is set to price its … Fourth Paradigm is selling 18.4 million shares in the IPO and had flagged a price …
China’s telecom sector posts stable growth in Jan-Aug
China’s telecommunication industry saw steady expansion from January to August, driven by emerging businesses, according to official data. This was reported by The Xinhua News Agency. The combined …
JPEX crypto exchange launches asset-lock-up plan, as some users cry foul
Crypto exchange JPEX is going ahead with a user-approved plan to transition to a DAO and issue dividend shares, but other users claim their assets were suddenly converted to the platform’s native …
China’s homegrown beauty products shine bright
In 2022, the sales of domestic Chinese brands on Douyin, the Chinese version of TikTok, grew by 110 percent year on year. Live broadcast views of emerging brands, such as the beauty brand Perfect …
China leads way with self-driving vehicle tech
There are reports that Tesla, a global leader in autonomous driving, could be getting ready to test its full self-driving technology in China. The company is forming a 20-member operation team to …
Why are tourists not returning to mainland China? Experts cite a host of reasons but it’s anyone’s guess as to when ‘normality’ will resume
Mainland China’s tourism sector saw a 70 per cent drop in international travellers in the first half of this year compared with pre-Covid levels Cross-border travel could get back to pre-pandemic …
CMCC Global Splashes $100 Million on Blockchain Fund Focused on Asian Startups
Asia-based blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, committing $100 million to support blockchain startups in the region.
China’s economic malaise boils down to ‘a failure to reform’ the system, Pathfinder report warns
A lack of major reform announcements by Beijing could serve to keep China’s economy in a weakened state next year ‘Structural threats to economic stability have never been greater’ for China, …
IMF likely overestimating China’s economic growth prospects, US analyst says
Questionable data supplied by Beijing to the International Monetary Fund leads to an inaccurate and inflated projection, according to research group founder Growth above 3 per cent is unlikely for …
Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform
The Hong Kong Stock Exchange’s Stock Connect system, which links Hong Kong’s stock markets with those in mainland China, is getting an upgrade thanks to blockchain technology. According to a press …
China bites back as EU launches probe into electric vehicle industry
Brussels officially opens investigation, saying it has ‘sufficient evidence’ of subsidies for Chinese EVs that could harm ‘vulnerable’ EU sector, while Beijing slams inquiry as ‘naked protectionist …
