It was initially set up in the Chinese provinces of Guangdong and Macau. Crypto adoption, however, is still a gray area in China. While China has deemed cryptocurrency illegal, that hasn’t stopped its … (…
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Ant Group CEO Simon Hu resigns four months after halted IPO
Beijing cited the new rules for the abrupt suspension … Ant’s valuation from over $310 billion at the time of the planned IPO to under $200 billion. Earlier this month at the opening of National…
Chinese wealth management services provider Hywin Holdings sets terms for $46 million US IPO
The article Chinese wealth management services provider Hywin Holdings sets terms for $46 million US IPO originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital … ( read original story …)
Chinese inflammatory disease biotech Connect Biopharma sets terms for $150 million US IPO
The article Chinese inflammatory disease biotech Connect Biopharma sets terms for $150 million US IPO originally appeared on IPO investment manager Renaissance Capital’s web site … ( read original story …)
Sullivan: Tariffs not a focus in next week’s China talks
The U.S. does not plan to focus on the tariffs and export controls imposed on China when senior officials gather for their first in-person meeting next week, national security adviser Jake Sullivan … ( read…
Crypto Giant Binance Weighs Registering With CFTC, Baucus Says
Binance Holdings Ltd., the operator of the largest cryptocurrency exchange, is weighing whether to register with the U.S.’s futures regulator, according to Max Baucus, a former Senator and ambassador … ( read original story …)
Crypto Mining Stocks Are Risky, but SOS Ltd Stock Takes the Cake
As InvestorPlace Markets Analyst Thomas Yeung broke it down March 1, short reports from Hindenburg Research and Culper Research allege the China-based crypto miner is nothing but a house of cards. ( read original story…
China Blockchain Technology Market To Expand Substantially Owing to Technological Innovations during 2021-2023|By Kenneth Research
Market Synopsis The China Blockchain Technology Market is estimated to record a significant growth throughout the … ( read original story …)
Binance, the world’s largest crypto exchange, probed by CFTC over concerns it allowed US residents to trade derivatives
“We have always blocked US access, but users do find intelligent ways to get around our block sometimes,” company co-founder Changpeng Zhao said. ( read original story …)
Fake Louis Vuitton luxury bag operation in China worth US$15.4 million shut down after police arrest almost 40 people
The operation initially started to produce leather that was printed with Louis Vuitton patterns in 2018, however that failed because the fake patterns faded quickly. In March last … ( read original story …)
China’s Ant Group CEO leaves after failed IPO prompts revamp
China’s Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant’s business, the first top management exit since a … ( read original story …)
Luxury Retail Giants See Portfolios Revenues Reshuffle in China
Major developers saw record gains in mainland China as high as 60 percent in 2020, but suffered on various degrees in Hong Kong. ( read original story …)
Ant Group CEO Simon Hu resigns three months after failed IPO
Beijing cited the new rules for the abrupt suspension … Ant’s valuation from over $310 billion at the time of the planned IPO to under $200 billion. Earlier this month at the opening of National…
