China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. ( read original story …)
Tagged By ipo
China’s State Media: We Should Carve Up Facebook Just Like TikTok
Mouthpieces for the Chinese Communist Party are urging leaders to target U.S. tech companies with nationalistic bans similar to what Trump has imposed on TikTok. ( read original story …)
Chindata Group Seeks $500 Million U.S. IPO
Chindata Group Holdings Limited has filed to raise $500 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A ordinary shares, acc … ( read original story …)
WeWork sells control of China business to private equity firm
WeWork has sold a majority stake in its China business to a private-equity firm in the troubled office-sharing startup’s latest effort to cut costs. The deal announced Thursday will hand control … ( read original…
Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge
Fintech giant Plaid has added support for two DeFi applications, the IRS wants to know about your crypto and stablecoins have passed the $20B milestone. ( read original story …)
IPO Launch: Chindata Group Sets Terms For $500 Million U.S. IPO
Chindata was founded to develop state of the art ‘hyperscale’ computing data centers for organizations in China and greater Asia. ( read original story …)
China Market Update: A Week To Forget, Evergrande Debt Issue Weighs On Property Stocks, Week In Review
Powell made it clear that the ball is now in Congress’ court with regard to stimulating the US economy in a Wednesday press conference. ( read original story …)
China Just Promised To Go Carbon Neutral By 2060. How Important Is That?
China’s direction is vital in the fight against climate change. But just how significant is Xi Jinping’s announcement on going carbon neutral? Experts at the University of Oxford speak to Forbes.com … ( read original…
What’s Biden’s real policy on China? Unlike Trump’s, it’s hard to know
No candidate wants to run against his own record, but President Trump’s China policy is forcing Democratic challenger Joe Biden to do just that. ( read original story …)
China State Media Make Rare Reports Calling Crypto 2020’s Best Performing Asset
Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year’s top performing investment. ( read original story …)
Cryptocurrency helps ship 1 trillion yuan out of China to casinos, gambling every year
At least 1 trillion yuan (US$145.5 billion) worth of funds flows out of China into gambling activities every year, aggravating the country’s economic and financial security risks, according to a … ( read original story…
China’s piggy bank, the National Social Security Fund, set to be among Ant Group’s top IPO investors
China is keen for its pension funds to make savvy investments to help shoulder the burden of providing for its rapidly ageing population in their retirement years. ( read original story …)
Ant Group launches blockchain based-platform to help SMEs with cross-border trade
Ant Group, China’s largest digital payments provider by volume, has launched a blockchain-backed smart contract platform for cross-border trade by small and medium enterprises (SMEs), helping them and … ( read original story …)
