People often equate energy consumption with pollution, and thus the current attitude towards Bitcoin is that it is ‘harmful’ to the planet …
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Didi’s Ambitious IPO Marred by China Crackdown, Cash Burn Fears
Didi Global Inc. is on the cusp of pulling off one of the biggest U.S. initial public offerings of the past decade, the culmination of five years of battling first Chinese regulators and then Covid…
Chinese carmaker SAIC to spin off hydrogen fuel cell unit, eyes Star Market IPO
SAIC Motor, China’s largest home-grown carmaker, plans to spin off a unit focusing on hydrogen fuel cell technologies, and list it on a stock exchange to rev up its diversification into alternative …
Biden administration bars imports of solar panels linked to forced labor in China’s Xinjiang region
The order will have widespread impact on the industry, dominated by Chinese polysilicon makers who source from Hoshine.
CHINA CRYPTO MINING
Bitcoin drops as hashrate declines with China mining crackdown 218.01 AM IST. The largest cryptocurrency fell 5.5% to $34,142 as of 10:50 a.m. Sunday in New York, dro …
Dogecoin price up again: the latest news for Dogecoin, Bitcoin, Ethereum after China crypto crash
After China’s crackdown on cryptocurrency mining saw major drops in Dogecoin, Bitcoin and Ethereum and crypto prices across the board on Monday and Tuesday, the market is now bouncing back.
Nike chief executive says brand is ‘of China and for China’
Nike chief executive John Donahoe gave an impassioned defence of his company’s business in China, months after the world’s largest sportswear brand became ensnared in a consumer backlash over its past …
IPO rush on Wall Street: Uber’s former Chinese rival and Johnson & Johnson-backed co to list next
The IPO rush on Wall Street has been going strong so far in 2021 … The company has been operating in China and once faced competition from Uber, before the latter exited China. Didi operates…
Update: China’s car-hailing giant Didi Chuxing seeks $4 billion in US IPO
VCG. China’s online car-hailing giant Didi Chuxing has set a price range of between $13 and $14 per American Depositary Share (ADS) for i …
Didi Global IPO to raise up to $4 billion fully covered in US
Didi Global IPO to raise up to $4 billion in the US has been covered on the first day of its bookbuild, sources say.
Didi’s $4 billion U.S. IPO fully covered – sources
Didi Global Inc’s initial public offering (IPO) to raise up to $4 billion in the United States has been covered on the first day of its bookbuild, according to four sources with direct knowledge of…
Nike boss defends firm’s business in China
The boss of Nike has made a robust defence of the firm’s business in China after facing a consumer boycott there. Chief executive John Donahoe said “Nike is a brand that is of China and…
China will lower payment fees for small firms from Sept 30 – PBOC
China’s central bank said on Friday that it would lower payment fees for small firms from September 30, including for bank account services, yuan settlement and electronic banking.
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