Beijing has more billionaires than any other city in the world … Winner Medical’s Initial public offering (IPO) on the Shenzhen stock market instantly made the 64-year-old Jianquan, based inHong …
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Peter Thiel: China Using Bitcoin as a ‘Financial Weapon’
Thiel made these comments after he expressing worry the Chinese are using bitcoin to corrode the U.S. financial system. Bitcoin boogeyman Thiel gave his more-than-skeptical sounding comments at a …
IPOs on HKEX hit a record high in Q1
About 120 to 130 new IPOs are expected to be listed in Hong Kong, with the amount to be raised on track to surpass 2010’s level of nearly HK$450 billion, according to Ou Zhenxing, managing…
The scale of China’s Bitcoin mining rush could undermine its carbon-zero goals
Accounting for 80 per cent of the global cryptocurrency trade, China’s overuse of supercomputers and coal-fired power plants could have a devastating impact on climate.
IMF renews message to China: boost consumption
Before Covid-19 shutdowns upended international commerce and threw the world into the worst peacetime crisis in a century, the Washington-based lender had long warned that China’s massive export …
Self-driving truck startup TuSimple hopes to raise $1.3 billion in US IPO
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…
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 …
