Global stocks tanked on Friday as investors weighed tensions between the US and China worsening at an exponential pace. On Friday, China … ( read original story …)
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Asian markets sink as U.S.-China tensions rise, U.S. tech stocks fall
Stocks fell in Asia early Friday, following rising tensions between the U.S. and China and a selloff of tech stocks on Wall Street. Markets in Japan were closed for a holiday. On Friday, China ordered…
China’s Hozon Targets IPO in Bet on Affordable Electric Cars
China’s Hozon Auto is seeking financing on the way to a planned initial public offering, betting on rising demand in rural areas for its electric cars that start at less than $10,000. ( read original…
Tesla’s China Rival WM Motor Considers Star Board IPO
It recently delivered its 30,000th EX5 SUV vehicle, the company announced this month. Though China’s auto market is recovering as the coronavirus pandemic recedes, Chinese EV startups remain under … ( read original story …)
China tells U.S. to shut consulate in Chengdu, in retaliation for Houston closure
The dispute over diplomatic facilities represents a new front in the broadening strategic contest between the world’s two largest economies. ( read original story …)
Bitcoin Daily: YouTube Seeks Dismissal Of Ripple Lawsuit Alleging Crypto Scam; China’s Ant Group Launches AntChain Blockchain
YouTube is seeking to dismiss a lawsuit against it from crypto firm Ripple alleging that YouTube doesn’t do enough to remove scams and fraud. ( read original story …)
China’s Red-Hot IPOs Are Creating a New Billionaire Every Week
Zhong Shanshan, whose schooling was interrupted during China’s cultural revolution, worked in construction, as a reporter and in the bottled-water business. Today, he’s worth $17 billion after his … ( read original story …)
Blockchain Bites: OCC’s Crypto Letter, Eth 2.0’s ‘Official’ Testnet and Dinwiddie’s Tokenized Airball
Visa said crypto is part of “the future of money,” members of the U.S. Senate think the dollar should go digital and OCC will allow banks to custody crypto. ( read original story …)
Unions and NGOs call on big brands to stop using forced labor from China
A coalition of labor unions and NGOs on Thursday urged clothing brands and retailers not to exploit labor from the Xinjiang Uighur Autonomous Region in China. The organizations called on brands to … ( read…
Better Buy: Beyond Meat vs. Yum China
Beyond Meat (NASDAQ:BYND) and Yum China both emerged as unique plays in the saturated food market in recent years. Beyond Meat started selling plant-based meat products in 2013, a … ( read original story …)
Brands urged to stop sourcing from China’s Xinjiang over forced labour fears
Major retailers must stop sourcing from China’s Xinjiang region due to the “grave risk of forced labour”, a coalition of civil society groups said on Thursday, amid mounting global pressure on Beijing … ( read…
Tencent-Backed Waterdrop Weighs IPO at $4 Billion Value
Waterdrop Inc. is preparing for an initial public offering as soon as this year, seeking a valuation of about $4 billion, according to people familiar with the matter. ( read original story …)
Ant Group Unveils New Technology Brand AntChain and All-in-One Workstation AntChain Station for Express Blockchain Deployment
Ant Group, a leading provider of financial services technology, and the parent company of China’s largest mobile payments business Alipay, today offic … ( read original story …)
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