When Alibaba’s Jack Ma asserted in his now-famous Oct. 24 tantrum that “the risk in China is not systemic financial risk, but the risk of a nonexistent financial system,” the system responded by … (…
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UPDATE 3-Short-sellers take aim at Chinese blockchain firm SOS, shares tumble
Short-sellers Hindenburg Research and Culper Research said on Friday they have taken a short position on Chinese blockchain firm SOS Ltd’s stock, sending the company’s shares down 23%. ( read original story …)
Robinhood plans confidential IPO filing as soon as March – Bloomberg News
Online brokerage Robinhood, at the centre of this year’s retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, Bloomberg News reported late on … ( read original…
Inside China Tech: Huawei at MWC Shanghai, Bytedance’s global moves, and dim future for a ‘Clubhouse’ of China
Huawei’s confident showing at this year’s MWC Shanghai belies its ongoing problems; ByteDance makes new moves outside and inside China; and the ‘Clubhouse of China’ is dead on arrival. ( read original story …)
Rheem China Rises to Meet New Industry Development Opportunities
Feature Story // 2020 has been a challenging year for China’s Comfort Home industry, but it is projected to grow considerably. Continuous Release of Market Potentials and More Opportunities for … ( read original story…
Short-sellers take aim at Chinese blockchain firm SOS, shares tumble
In two separate reports, they raised concerns ranging from regulatory risk to alleged false claims by the company about its business. SOS, formerly a consumer-lending company called China Rapid … ( read original story …)
Huami changes its name to Zepp globally, but keeps Huami brand in China
Huami has announced it will now be called Zepp Health Corp but will keep its “Huami” brand in its home market of China. ( read original story …)
China’s Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out
Bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. ( read original story …)
Huami changes name to Zepp globally, but keeps Huami brand in China
Huami has announced it will now be called Zepp Health Corp but will keep its “Huami” brand in its home market of China. ( read original story …)
Universities say China political spat hurting business
A survey shows more than half Australian education providers doing business with China are hurting from bilateral tensions, and warn it will be hard to find new markets. ( read original story …)
Fanatics, Hillhouse Deal Seen Serving Fashion Fans in China
Licensed sports product from European soccer leagues and American sports teams will now be sold in that Asian country. ( read original story …)
Hindenburg short on China-based blockchain firm SOS Ltd
SOS could not be immediately reached for comment outside business hours in China. “Stocks tied to blockchain have been on the run lately, swept up in the euphoria of bitcoin breaking all-time highs. ( read…
UPDATE 1-Hindenburg goes short on blockchain firm SOS Ltd
Short-seller Hindenburg Research said on Friday it was going short on Chinese blockchain firm SOS Ltd , saying the stock has significant regulatory risk, sending its shares down 14%. ( read original story …)
