JD Technology has withdrawn its IPO application in China’s Nasdaq-style Star Market, a day before completing its US$2.4 billion business restructuring.
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Bitcoin surge could be driving digital yuan interest, says people’s bank of China
The digital yuan is China’s central bank digital currency, and like all CBDCs its foundational principles are completely antithetical to those of the cryptocurrency space. Core crypto concepts of …
JD Digits IPO terminated, Chinese stock exchange says
China Shanghai Stock Exchange said on Friday it had terminated the planned initial offering (IPO) in JD.Com-affiliated JD Digits, which had aimed to list on the Nasdaq-style STAR Market. BEIJING, …
Bitcoin price surge may be driving up interest in digital yuan, Bank of China says
The recent rise of bitcoin could be among the reasons for renewed interest in the Chinese digital yuan project, according to the People’s Bank of China (PBOC). The world’s top crypto, bitcoin, is …
China Puts Limits on Foreign Banks, Worrying Businesses
New rules, aimed at taming big money flows and possibly controlling the Chinese currency, could give domestic rivals a competitive edge and make international firms more dependent on local lenders.
Home Cleaner Swan Said to Revive U.S. IPO at $3 Billion Value
Swan Daojia, the maid and home-maintenance service provider formerly known as 58 Home, has revived its planned U.S. initial public offering as soon as this year, according to people familiar with the …
China leads the charge towards Blockchain 3.0
2020 was a big year for blockchain projects in China after President Xi Jinping called for further development of the technology at the end of 2019 China’s 14th five-year plan outlines the country’s …
CHINA’S ECONOMIC REBALANCING
We point out two major challenges in the rebalancing. First, the transition toward a less investment- and export-dependent growth model has been taking place from a starting point of exceptionally low …
China, Asia to fill bulk of surging US demand for goods in 2021 as global trade rebounds from coronavirus, WTO says
Europe and South America will also see an increase in imports, but not as much as North America. In turn, most of the demand for goods will be met by producers in Asia, where exports…
Home: China’s aluminum imports underpin physical premium surge
Its continued purchases of metal from the international market are underpinning the global premium surge. China started importing primary aluminum in the second quarter of 2020. It was the first time …
China’s Energy Monster IPO prices below range, raising less than expected – term sheet
Energy Monster, backed by Alibaba Group Holdings, has priced its American Depository Shares (ADS) below the flagged range, a term sheet seen by Reuters shows, meaning China’s largest mobile charging …
Facing Boycotts H&M and Nike Are Learning the New Price of Doing Business in China
No other country has done a better job of channeling the profit-maximizing drive of private corporations into geopolitical gains in recent years than communist China, the irony of which is lost on …
JD Technology completes business, ownership restructuring as IPO plans remain unclear
Fintech firm JD Technology will now operate cloud computing and artificial intelligence operations after a business reorganisation by parent JD.com.
