Self-driving truck startup TuSimple Holdings Inc is aiming to raise about $1.3 billion by selling around 34 million shares at $35 to $39 each in its initial public offering (IPO) in the US. The San…
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China’s forex reserves fall in March
In March, China’s forex market functioned stably, with the supply and demand of foreign exchange basically in balance, said SAFE spokesperson Wang Chunying. The scale of China’s foreign exchange …
Impact of China sanctions ‘limited’: study
China has targeted Australian beef, barley, coal, copper, cotton, seafood, sugar, timber and wine. Before the sanctions, these exports were worth about $25 billion in 2019, or 1.3 per cent of …
Infographic: China First Major Economy To Issue Digital Currency
Ubiquitous digital payments and tight government surveillance have led to a plethora of payment data already available to Chinese administrators.
China’s digital yuan moves into second phase of trials, successfully tests cross-border payment
In February, China joined a global CBDC project for cross-border payments along wit the Hong Kong Monetary Authority, Bank of Thailand and the Central Bank of the United Arab Emirates. MediaNama has …
UTime stock more than doubles, and is now 2,175% above its IPO price
Shares of UTime Ltd. soared 133.3% in very volatile afternoon trading Wednesday, enough to pace all gainers on major U.S. exchanges, in the …
China: Medlive Technology prepares Hong Kong listing
The largest online professional physician platform in China has hired Goldman Sachs and Haitong International to sponsor its planned Hong Kong IPO. Medlive Technology is an online platform that has …
Today In Payments Around The World: Flipkart Eyes Possible Traditional US IPO; IMF Bolsters 2021 Growth Forecast
The IPO talks are continuing and could change … might have been comprised in an attack on Microsoft email technology that came out of China and exposed tens of thousands of organizations. The news …
The leading Asian tech players eyeing an IPO in 2021
Asian firms are increasingly opting for IPOs as tech stocks boomed amid the pandemic. As such, several startups in the region are looking to strike while the iron’s hot. Tech in Asia’s analysis shows …
China’s lucrative bitcoin mines risk derailing climate goals
Chinese companies with access to cheap electricity and hardware handled 78.89% of global bitcoin blockchain operations as of April 2020, the study said. This involves minting new coins and keeping …
Biden Maintains Trump’s Tough Trade Stance Toward China
“China’s actions are uncompetitive … Overall, the United States is maintaining tariffs on 66% of Chinese exports. Raimondo said those import taxes are needed to level the playing field for …
China’s Bitcoin Mining Industry Could Derail Climate Targets: Researchers
As China’s bitcoin mining industry grows bigger, some researchers believe the electricity-gulping bitcoin mining may prevent China from achieving its climate goals. This was made […] …
Applovin IPO: 5 things to know about the software company seeking a $30 billion valuation
KKR has the lion’s share of voting control The company plans to offer Class A shares in the IPO, which carry one vote … t for U.S. concerns about investments in strategic assets from China,…
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