Fujian-based beauty app Meitu, which is publicly listed in Hong Kong, said it has purchased 15,000 units of Ethereum (ETH) on Sunday. What Happened: The company’s cryptocurrency purchase is worth $25. ( read original story…
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JD Could Withdraw Fintech Arm IPO Amidst Regulatory Crackdown: Report
Chinese e-commerce major JD.Com Inc’s (NASDAQ: JD) fintech unit, JD Technology, will likely withdraw its IPO application on Shanghai’s … ( read original story …)
How China’s Digital Ecosystems Are Shaping Western Social Media’s Future
China’s online ecosystem appears to be one step ahead when it comes to providing an end-to-end solution for all kinds of consumer needs. ( read original story …)
Ethereum wakes up as Chinese institution hops on the crypto bus
Ethereum wakes up as Chinese institution hops on the crypto bus while markets react to Joe Biden’s $1.9 trillion Covid-19 relief package. ( read original story …)
JD Needs a Speedy Logistics IPO
Chinese e-commerce giant JD is looking to follow up on the successful spinoff of its healthcare unit by listing its logistics unit. It had better move fast. ( read original story …)
Chinese Beauty Brands Continue to Attract Investment
Chinese skincare brand Zhuben has secured $50 million in Series A funding, while male grooming brand DearBoyFriend has raised several million dollars. Zhuben, a direct-to-consumer skincare brand … ( read original story …)
USHOPAL completes another round of financing, raising 100 million USD, reinforcing leadership as a luxury beauty omni-brand partner for China
USHOPAL, a leading new luxury beauty and new retail group in China, has announced the completion of a 100 million USD round of financing, driving up its investment pool to 200 million USD, aimed at…
Dolce & Gabbana sue pair for reposting online 2018 anti-China rant that cost it sales in Asia, as label shuts more stores in China
Luxury fashion brand seeks US$670 million in damages for defamation from founders of social media account that reposted insulting comments attributed to Stefano Gabbana, who was reacting to criticism … ( read original story …)
IMAX China is ‘very well set’ for 2021: CFO
IMAX China’s CFO Jim Athanasopoulos is optimistic about the business in 2021 as the company expands its theatre footprint and starts bringing back more Hollywood content to China … ( read original story …)
China’s semiconductor imports surged year-on-year in January-February period amid global chip shortage
China’s imports of semiconductors and diodes surged in the January-February period, reaching the highest pace in the past six month amid faster economic recovery that boosted demand for semiconductors … ( read original story …)
China’s iron ore imports up on strong demand
China’s iron ore imports rose 2.8 per cent for the first two months of 2021 from a year earlier, with demand for the steelmaking ingredient … ( read original story …)
Vaccine exports lift brands’ presence
For example, since 2009, Sinovac has been promoting the clinical trials and registration of its inactivated vaccine against hepatitis A in South Korea. On Dec 29, the vaccine was approved by the local … (…
China still 30 years from being a top manufacturer: Ex-minister
Former industry minister Miao Wei says China’s basic capabilities are ‘still weak’, risks have significantly increased. ( read original story …)
