In today’s ETtech Evening Briefing, Twitter rival Koo app severs China links; Nazara IPO gets subscribed 3.8 times on Day 1 of offering; and Startups can now tap profident fund (PF) money for funding. (…
Tagged By import
Cold-chain food imports rebound in China
China’s imported cold-chain food industry, once a center of attention over repeated COVID-19 cases, is bouncing back after a surge of consumption during and after the Chinese Spring Festival. Salmon … ( read original story…
Chinese e-commerce platform Jowell Global prices US IPO at $7
J owell Global, which operates an e-commerce platform for cosmetics and health products in China, raised $26 million by offering 3.7 million shares at $7, as expected. At pricing, the company commands … ( read…
Five big US banks drawn to China ‘like moths to a flame’, increased exposure last year
Goldman Sachs led US banks ploughing billions of fresh cash into China last year, undeterred by political turmoil as the world’s second-largest economy further opens its US$50 trillion financial … ( read original story …)
Turkish police bust Chinese crypto scam that held 101 workers captive
Police in Turkey busted a crypto scam ran by 18 Chinese nationals who were holding 101 employees hostage. The gang was advertising a fraudulent crypto asset management in China. ( read original story …)
China Social App Soul Said to File Confidentially for U.S. IPO
The company behind Chinese social networking platform Soul App has confidentially filed for an initial public offering in the U.S. that could take place as soon as this year, according to people … ( read…
China tightens grip on e-commerce, sharing economy IPOs: Retailheads
Regulators rolled out a set of rules closing livestream e-commerce loopholes. Two of China’s largest ‘sharing economy’ firms filed for US IPOs. ( read original story …)
Hong Kong: IPO hits almost $11 billion, close to 500% jump from 1 year earlier
A pandemic-induced hunger for technology stocks and the threat of US delistings have been a boon for the financial hub during a difficult political stretch, driving a surge in initial and secondary … ( read…
Alibaba Browser Removed From Several App Stores In China
Alibaba Group Holding Limited’s (NYSE: BABA) popular internet browser has been removed by several internet companies from their app stores in China, the Financial … ( read original story …)
Japan exports fall as China, U.S. demand weakens
TOKYO (Reuters) – Japanese exports fell in February for the first time in three months as U.S. and China-bound shipments weakened, a source of concern for the world’s third-largest economy as it tries … (…
Treasury Wine Estates Sells Off Brands
TWG has long known how to market budget brands and the sale of these four specific brands will allow TWE—a company that has suffered from the harsh tariffs imposed in China on its brands—to almost…
Barron’s
The Consumer Rights Day program on Chinese state television put the spotlight on foreign and domestic brands on issues including product safety and privacy rights. ( read original story …)
Inside China’s Effort to Create a Blockchain It Can Control
China’s Blockchain Service Network can support dapps built on 15 different networks, but provides the government control over all of them. ( read original story …)
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