In today’s top payments news around the world, Gopuff is acquiring on-demand delivery platform Fancy, while Snowball Finance Beijing Internet Information Technology Co. is said to be considering an …
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Investor Social Network Snowball Finance Weighs $300M IPO
Snowball Finance, an online financial information and social network portal backed by Ant Group, is looking into a $300 million American IPO.
China’s export numbers stick to high growth trajectory, with more to come
With vaccine rollouts accelerating and more economies opening up, China’s export growth was widely expected to moderate this year as consumers start to spend more on services. But April’s data shows …
Three Gorges unit preps $3.5bn IPO to push Xi’s clean energy agenda
State-owned China Three Gorges, best known as the operator of the world’s largest hydroelectric power plant, is preparing to list a wind and solar power subsidiary in Shanghai in what would be the …
Where do China and India Stand in Terms of Blockchain?
Several nations and tech giants like China and India are betting on blockchain considering its wide range of capabilities. Blockchain technology is used in trading cryptocurrencies, financial …
China says the rocket heading toward Earth uncontrolled will mostly burn up when it reenters the atmosphere, suggesting it won’t harm anyone
China said the chunk of its rocket that is heading uncontrolled to Earth is unlikely to do any harm. Its not clear where the parts could land, but China said most are expected to burn…
Global brands in China: The latest changes to note
Global brands eyeing the vast China market have to take note of how much the Middle Kingdom has changed over the decades – LVMH’s Andrew Wu lists the key trends and developments.
Waterdrop IPO Bankrolls Online Insurance Push Amid Crackdowns
Waterdrop Inc., the Chinese insurance technology company poised to list in the U.S., said it will focus on expanding its online business, seeking to bolster its share of the highly competitive market …
China iron ore imports dip in April on shipping disruptions
China’s iron ore imports fell 3.5% in April from a month earlier, official customs data showed on Friday, as shipments to the world’s top iron ore consumer from major suppliers were disrupted by …
China’s exports soar as US recovers and India stalls
China’s exports unexpectedly surged last month as America’s speedy recovery from the pandemic spurred demand. Stalled factory production in India, as the country struggles with a coronavirus crisis, …
China Focus: Global brands tap Chinese market via consumer products expo
As the COVID-19 pandemic continues to rage and the world economy drags on, the first China International Consumer Products Expo (CICPE) marks a major step by China to further open its market and …
Ant-Backed Snowball Finance Plans $300 Million U.S. IPO
The Beijing-based company, known as “xueqiu” in Chinese, is working with advisers on the proposed share sale, said the people, who asked not to be identified as the information isn’t public. Snowball …
Didi plans grocery unit IPO as early as 2022: report
Didi is gearing up its grocery delivery business as a new revenue source as growth in core ride-hailing business plateaus.
