Shares are lower in most Asian markets after China reported stronger than expected inflation data BANGKOK — Shares fell Friday in most Asian markets after China reported a stronger than expected …
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China’s Didi Chuxing picks Goldman, Morgan Stanley for mega US IPO
At that valuation, Didi Chuxing could raise about $10 billion if it sells 10% of its shares, making it the biggest Chinese IPO in the United States since Alibaba’s $25 billion float in 2014.
German Exports Rise in February, Lifted by China Trade
The trade surplus shrank to 19.1 billion euros. On the year, exports to China increased by 25.7%. Separate data released on Friday showed industrial output in February fell by 1.6%. A Reuters poll …
It’s All a Blur: Chinese Shows Censor Western Brands Over Xinjiang Dispute
By Tiffany May HONG KONG — Viewers of some of China’s most popular online variety shows were recently greeted by a curious sight: a blur of pixels obscuring the brands on sneakers and T-shirts worn…
China Halts New Enrollments at Business School Backed by Jack Ma: FT
abruptly suspended a planned $37 billion IPO in Shanghai following pressure from the authorities. The botched listing came after Ma made comments in public criticising China’s financial regulators.
Breakingviews – Capital Calls – South Korea gaming IPO primes for high score
The company behind one of the world’s most successful mobile games has applied to go public in South Korea. Krafton, which counts China’s Tencent as a key backer, more than doubled operating profit …
Mubadala Said to Plan GlobalFoundries IPO at $20 Billion Value
Source: Bloomberg) The IPO market has been booming since last year … in a unique position as the industry gets sucked into the trade war and tension between China and the U.S. Most of the…
Inside China’s quiet plan to dethrone the dollar
The People’s Bank of China (PBOC) is piloting a digital version of the country … yuan — making its proposed narrow price fluctuations something of an anomaly in crypto-land. On the flip side, the …
Peter Thiel: China could use bitcoin as a ‘financial weapon against the US’
when asked about China’s prospective plan to create a digital currency. He continued: “… And, even though I’m sort of a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether at this point …
Breakingviews – China plus bitcoin is a marriage of convenience
NEW YORK (Reuters Breakingviews) – Tech mogul Peter Thiel suggested this week that China might use bitcoin as a “financial weapon” to unseat government-backed currencies in general and the U.S. dollar …
Beyond Meat Competitor Impossible Foods Is Readying Its IPO, Sources Say
After years of investor anticipation and guesswork, sources close to the situation told Reuters today Impossible Foods, the biggest dedicated U.S. plant-based meat maker after Beyond Meat ( …
2021 U.S. Exports To China Up 43% From Pre-Covid 2019, Imports At Record Level
Imports of medicine in pill form have grown in the first two months of 2021. A 43.06% surge in exports to China is one of two pronounced changes in U.S. trade in early 2021, leaving…
Biden administration slaps export controls on Chinese firms for aiding PLA weapons development
The Biden administration on Thursday placed seven Chinese firms and government labs under U.S. export controls for their involvement in China’s effort to build supercomputers that help develop nuclear …
