Signature Bank gave out $20 million in PPP loans to crypto firms, Ethereum Classic had another 51% attack and a DCEP wallet went live and disappeared. ( read original story …)
Tagged By ipo
BlackRock Gets Nod to Set Up Mutual Fund Business in China
The company has received approval from the Chinese Banking and Insurance Regulatory Commission (CBIRC) to set up a mutual fund unit in the country. Thus, BlackRock has become the first global asset … ( read…
First Mover: Huobi Takes on OKEx in Futures, Opening New Front in ‘Chinese’ Rivalry
Huobi is taking on OKEx in the business of bitcoin futures trading, opening a new front in the ongoing rivalry between the two Chinese-led exchanges. ( read original story …)
China’s Attempts to Spur Consumption Show Signs of Working
A gauge of Chinese business activity outside the factory floor rose to its highest level in 2½ years in August, driven by the service sector. ( read original story …)
Huobi and OKEx Battle for Supremacy in China
Cryptocurrency exchange Huobi is taking aim at competitor OKEx in the business of trading bitcoin futures and other derivatives contracts, opening up a new front in a longstanding rivalry that has … ( read original…
China’s Greenland Financial plans to raise $876 mln ahead of HK IPO – document
China’s state-backed Greenland Holdings’ financial arm is planning to raise up to 6 billion yuan ($876.41 million) in a pre-IPO round that will raise its valuation to 34 billion yuan, according to an … (…
Jack Ma’s Ant fuels tech IPO frenzy not seen since dot-com bubble
Jack Ma’s Chinese financial titan aims to raise at least $30 billion in Hong Kong and Shanghai in October, which could push global first-time share sales by tech firms well past $57 billion, according ……
Nongfu Spring raises $1.1 bln in Hong Kong IPO – sources
Chinese drinks producer Nongfu Spring will raise nearly $1.1 billion in its Hong Kong initial public offering (IPO) after pricing its shares at HK$21.50 each, according to two sources with direct … ( read original…
China Factory Activity Slows In August As Flooding Hits Business
Factory activity in China slipped slightly in August, according to official data published Monday, as the country grappled with the fallout from widespread floods. The closely watched Purchasing … ( read original story …)
Value of Chinese Brands Growing at 8X Global Average
Beijing contributed nearly half of the value of China’s strongest brands, according to a ranking by Brand Finance. ( read original story …)
China business activity rises more than expected
China’s official gauge of business activity outside factory floors expanded faster in August as the country’s service sector showed more signs … ( read original story …)
Jack Ma’s Ant Fuels Tech IPO Frenzy Not Seen Since Dotcom Bubble
Ant Group’s potentially record-sized initial public offering could propel technology capital-raising in 2020 past the dizzying heights of the dotcom bubble, an extraordinary showing in a … ( read original story …)
What Happens To The Phase One China Trade Deal If Biden Is President?
Joe Biden will be elected president on November 6. What happens to one of the biggest signature trade policies of the Trump era in that case — the “amazingly great” China phase one trade deal?…
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