Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in an initial public offering, which would make it one of the biggest U.S. listings by a Chinese…
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Ask PolitiFact: What is China’s Belt and Road Initiative, and why is Joe Biden concerned?
China has been pursuing a “Belt and Road Initiative” to leverage its industrial capacity to help developing countries build out their physical and digital infrastructure. • Many nations in the West …
‘We’re not old friends’: Biden says his relationship with China’s Xi is ‘pure business’
President Joe Biden rejected the idea Wednesday that he and Chinese President Xi Jinping are “old friends,” instead claiming their relationship is “just pure business.” …
Some Of The Bitcoins Mining Regions Of China Set For Penalties Due To Continuing Crypto Activities Even After Action
China has again taken action to try to wipe out the use of cryptocurrencies like bitcoins from their region. This time they have taken the step of banning …
Crypto exchange Huobi has reportedly stopped letting new users trade derivatives
Huobi has dropped the maximum allowable trading leverage from 125x to less than 5x for existing exchange users, and not allowed new users based in China to engage in derivative trading.
Satellite photos show China’s progress on the new aircraft carrier expected to give its naval power a boost
Experts said that when the new carrier enters service, “it will be a formidable addition to China’s navy.” …
Will ride-hailing app Didi’s IPO hit over $100bn?
Didi Chuxing, China’s dominant ride-hailing app, has filed to go public in the US, setting up one of the biggest IPOs this year.
China aluminium exports have likely peaked, CRU says
China’s exports of aluminium have likely peaked in the wake of a series of trade protection moves in key markets around the world but the country is now shipping higher value-added products overseas, …
Full Truck, China’s ‘Uber for trucks’, to raise US$1.57 billion in US listing
The Guiyang-based company, better known as Manbang, plans to sell 82.5 million shares at between US$17 a share and US$19 a share on the New York Stock Exchange.
Blackstone makes US$3.05 billion offer for Soho China to pick up real estate assets at 40 per cent discount with eye on recovery
While the offer at HK$5 per share is at a premium to market, Blackstone will be picking up Soho’s assets at about 40 per cent discount to net asset value of HK$8.37 per share at…
Vietnam: Fruit export to China sees increase
According to the country’s Ministry of Agriculture and Rural Development on Wednesday, June 16, Vietnam’s fruit export to China enjoyed burly increase …
Vietnamese fruit export to China increases in Jan.-May period
Jun. 16 Vietnam’s Ministry of Agriculture and Rural Development said that the country’s fruit export to China saw robust expansion in …
Vietnamese growers incur big losses as export channels to China get stuck
Prices of Vietnamese fruits and vegetables have plummeted because they cannot be exported to China. In fruit centers, farmers are incurring big losses despite bountiful crops. The country …
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