China’s torpedoing of Ant Group Co.’s initial public offering is the most dramatic example yet of the financial frictions emerging globally as fintech upstarts invade the territory of central banks … ( read original story…
Tagged By ipo
HSBC, Bank of China (HK) pocket up to US$3.2 million in fees from Ant’s IPO loans, even as brokers waive charges on halted stock sale
HSBC and Bank of China (Hong Kong), two of the biggest margin lenders for Ant Group’s suspended initial public offering (IPO) in Hong Kong, will pocket up to HK$25 million (US$3.2 million) in interest ……
China’s Plan to Regulate Internet Lending is Behind Suspension of Ant’s Record IPO, Analysts Say
China has suspended the record-breaking $35 billion stock exchange listing of Ant Group, a spinoff corporation of Chinese e-commerce conglomerate Alibaba, because regulators say changes in the … ( read original story …)
Chinese brands are huge on crowdfunding, even if you’d never know it
Jim Fields has seen his fair share of crowdfunding videos — he’s made more than a dozen of them for Chinese brands looking to expand abroad — and he knows how to make a not-quite-finished…
L’Oreal China CEO Says Business ‘Looking Good’
Fabrice Megarbane, president and chief executive officer for China at French cosmetics giant L’Oreal SA, discusses the state of the business in the world’s second-largest economy. He speaks with Tom … ( read original story…
UK to big brands: do more to avoid forced labour in China’s Xinjiang
British lawmakers on Thursday urged big brands – from Gap to Zara – to ensure high-street fashion was not made from cotton picked by Muslims held in camps in China’s Xinjiang region. ( read original…
China opens import expo under anti-disease controls
Chinese leaders are conducting an import fair under intensive anti-coronavirus controls in their latest effort to revive the world’s No. 2 economy while the United States … ( read original story …)
Australia’s Treasury Wine Shelves Penfolds Spinoff as China Weighs Tariffs
Trade frictions between Australia and China have contributed to one global winemaker putting a cork in plans to spin off a luxury wine brand that is highly prized by collectors and can sell for ……
China is more important for business in Southeast Asia than U.S. election, consultant says
The U.S. is important geopolitically, but China is the “real game” in terms of business for Southeast Asia, says Karim Raslan of KRA Group. ( read original story …)
Ant march halted: What Ma’s frozen IPO says about China business
Ant saw its $35bn IPO suspended after its co-founder seemed to criticise the Chinese government’s economic road map. ( read original story …)
Shares of Australia’s Treasury Wines fall on fears of ‘retrospective tariffs’ from China
Fears of a move by China prompted Australia’s Treasury Wines Estates to put on hold a demerger of its most prized brand Penfolds label spinoff . ( read original story …)
Will America or China be No. 1 in cryptocurrency?
Regardless of what happens in the election, virtually everyone on the planet agrees that it would be better for the United States to remain the No. 1 economic, cultural, and military power in the ……
Tricor Showcase Solutions for Accelerating International Business Expansion at the China International Import Expo (CIIE)
Asia’s leading business expansion specialist providing integrated business, corporate, investor, human resources and payroll, corporate trust and debt services and strategic business advisory, is plea … ( read original story …)
