Police in Turkey busted a crypto scam ran by 18 Chinese nationals who were holding 101 employees hostage. The gang was advertising a fraudulent crypto asset management in China. ( read original story …)
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China Social App Soul Said to File Confidentially for U.S. IPO
The company behind Chinese social networking platform Soul App has confidentially filed for an initial public offering in the U.S. that could take place as soon as this year, according to people … ( read…
China tightens grip on e-commerce, sharing economy IPOs: Retailheads
Regulators rolled out a set of rules closing livestream e-commerce loopholes. Two of China’s largest ‘sharing economy’ firms filed for US IPOs. ( read original story …)
Hong Kong: IPO hits almost $11 billion, close to 500% jump from 1 year earlier
A pandemic-induced hunger for technology stocks and the threat of US delistings have been a boon for the financial hub during a difficult political stretch, driving a surge in initial and secondary … ( read…
Alibaba Browser Removed From Several App Stores In China
Alibaba Group Holding Limited’s (NYSE: BABA) popular internet browser has been removed by several internet companies from their app stores in China, the Financial … ( read original story …)
Japan exports fall as China, U.S. demand weakens
TOKYO (Reuters) – Japanese exports fell in February for the first time in three months as U.S. and China-bound shipments weakened, a source of concern for the world’s third-largest economy as it tries … (…
Treasury Wine Estates Sells Off Brands
TWG has long known how to market budget brands and the sale of these four specific brands will allow TWE—a company that has suffered from the harsh tariffs imposed in China on its brands—to almost…
Barron’s
The Consumer Rights Day program on Chinese state television put the spotlight on foreign and domestic brands on issues including product safety and privacy rights. ( read original story …)
Inside China’s Effort to Create a Blockchain It Can Control
China’s Blockchain Service Network can support dapps built on 15 different networks, but provides the government control over all of them. ( read original story …)
After Alibaba, Beijing’s efforts to rein in fintech could center on rival Tencent
A selloff in Tencent shows investor worry about how far Beijing’s tech monopoly actions will extend beyond Alibaba. ( read original story …)
After Alibaba crackdown, Beijing could turn to rival Tencent
Since November, Alibaba has been at the center of a crackdown by Beijing that has included halting the monster IPO of its fintech affiliate Ant Group, and unveiling new antimonopoly rules for tech … (…
China’s Tech Crackdown Continues
China’s tech crackdown, Dalio’s dollar doom, Ashworth’s response, and a look at China’s advantages in entrepreneurship. ( read original story …)
Turkish Police Dismantle Massive Chinese Crypto Scam That Held 101 Hostages
Authorities found that criminals kidnapped 101 people and forced them to run the illicit crypto scam operations. ( read original story …)
