The fortunes of China’s wealthiest surged amid a pandemic-driven boom in e-commerce, tech IPOs and—no surprise—healthcare. ( read original story …)
Tagged By ipo
China just suspended Ant Group’s $34 billion IPO, the largest in history. Here’s how the company was spun out of Jack Ma’s Alibaba and has transformed the global fintech market.
Regulators found “major issues” with Ant’s listing, a move that comes after Chinese banks have taken issue with Ant for veering into their business. ( read original story …)
China New Energy Vehicle Drive Motor Market Report 2020: Major Manufacturers, Raw Material Costs, Market Competition
The “Research Report on China’s New Energy Vehicle Drive Motor Industry, 2020-2024” report has been added to ResearchAndMarkets.com’s offering. With government support and technological progress, the … ( read original story …)
Blockchain Bites: Ethereum 2.0’s Deposit Contract Goes Live as ETH Miner Revenues Dwindle
Staking begins Ethereum 2.0’s deposit contract is now live, as of 15:00 UTC. According to developer Afri Schoedon, the deposit contract (a bridge between the forthcoming proof-of-stake (PoS) … ( read original story …)
China Market Update: Ant Group IPO Review, Markets Shake It Off & Rally
Background on the Delay 40% of Ant Group’s revenue comes from its CreditTech unit, which includes the Zhima Credit unit, credit rating, Ant Credit, and Ant Cash Now. ( read original story …)
Chinese Payments Giant UnionPay to Support Crypto Spending With New Virtual Card
China’s UnionPay, the world’s biggest credit and debit card company, will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering. Under a freshly inked deal … ( read original story …)
China’s UnionPay Signs Crypto Card Deal with Korean Cryptocurrency Paycoin
China’s UnionPay partners with Korean cryptocurrency Paycoin for a virtual card to let users pay through Paycoin at more than 30 million UnionPay merchants … ( read original story …)
‘Jack Ma is tamed’: social media reacts after China blocks IPO
Analysts say Ma’s criticism of authorities likely reason for Ant Group’s IPO being halted … ( read original story …)
Blockchain IoT Market Expected to Surpass $5,802.7 Million and Grow at a CAGR of 91.5% by 2026
The global blockchain IoT market is predicted to witness a noteworthy growth in forecast period due to the increasing adoption IoT and blockchain services by end-use industries across the globe. The … ( read original…
China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card
Major financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal to launch a … ( read original story …)
Cointelegraph China Shanghai event reveals the next crypto boom
Cointelegraph China successfully held the “Cointelegraph China Shanghai Blockchain Week,” sponsored by CyberVein, Nova Club Capital and Crypto Millions Lotto. ( read original story …)
Is China Pressuring Hong Kong to Crack Down on Cryptocurrency?
Hong Kong is tightening its crypto regulations, but it may be acting in the shadow of China. Many of the biggest exchanges could be affected. ( read original story …)
After halting Ant’s big IPO, China reportedly wants to go further
Days before the world’s biggest-ever IPO, Beijing ordered a halt to financial technology giant Ant Group’s share sale. ( read original story …)
ADVERTISEMENT
