As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, ……
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China unicorns’ valuations slide as virus-fearing investors seek early exits
Valuations of Chinese unicorns have fallen below levels reached in the firms’ most-recent fundraising rounds, secondary market offerings by existing investors show, highlighting the strain on backers … ( read original story …)
Inside China’s Plan to Power Global Blockchain Adoption
China is about to launch its national blockchain platform, part of Beijing’s grand strategy to lead the digital transformation of the world economy. ( read original story …)
COVID-19: China shows signs of business recovery as all 2,000 Volkswagen brand dealerships reopen
Volkswagen Group has stated that its operations in China are ‘showing clear signs of business recovery’ with all 2,000 VW brand dealerships now open again. Image Credit: Supplied The coronavirus … ( read original story…
Huawei, Tencent, JD.com Among Big Names on China’s New Blockchain Committee
Tech giant Huawei is among a number of major companies joining China’s new national blockchain committee as the country looks to guide the emerging sector. China’s Ministry of Industry and Information … ( read original…
Renault closing main China business, will focus on electrics
China business and focus on electric and commercial vehicles. (AP Photo/Ng Han Guan, File) BEIJING — Renault SA said Tuesday it will shut down its main China business and focus on electric and … (…
China Optimism, Xiaomi Ties Help Shunwei CEO Debut On 2020 Forbes Midas List
Notably standing the test of time has been Koh’s original investment Kingsoft itself. Its stock closed at HK$24.25 today, compared with its 2007 IPO price of HK$3.60 at the Hong Kong Stock Exchange. ( read…
Can Stablecoins Consolidate your Crypto Holdings amid Coronavirus Uncertainty?
Bitcoin, trading near $10,000 in mid-February has dropped below the $4,000 mark just one month on. One of the most significant factors behind the ailing market stems from the fact that China is among ……
China Has Become a Testing Ground for Luxury Brands
With much of the world still in lockdown to slow the coronavirus outbreak, China has become the best hope for luxury and fashion brands eager to get tills ringing again, making it a key launchpad…
Renault brand pulled from China; JV stake to be sold to Dongfeng
PARIS — Renault Group said it will stop selling Renault brand passenger cars in China and will focus on light commercial vehicles and electric vehicles in the market. The automaker will transfer its … (…
A Record Number Of Midas List 2020 Members Hail From China, Where Investors Seek The Next Pfizer Or Zoom
The consumer internet is king in China, catalyzing a record 22 Chinese investors to make the list. But other fields, like enterprise tech and healthcare, are emerging to satiate China’s massive market … ( read…
Blockchain In Agriculture And Food Supply Chain Market Research Report by eSherpa Market Reports: Forecast Until 2026
3.5.2 Europe Blockchain In Agriculture And Food Supply Chain Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.6 China Blockchain In Agriculture And Food Supply Chain Production 3.6.1 … ( read original story …)
Blockchain Bites: China’s Commitment, Sanctions Evasion and a Look at Bitcoin’s Core
“The People’s Bank of China (PBoC) will undoubtedly further its research and development of the … which could give the firm cheaper services than the German bank it currently works with. Helperbit, … ( read…
