According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition,...
Tag: Chinese
KuCoin leads $10M funding for Chinese yuan stablecoin issuer
The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer. KuCoin Ventures has led a $10 million inv...
HAVOC ALL AROUND! Silvergate collapses; Chinese data may boost Bitcoin prices; Dogetti presales skyrocket – What does this week mean for the crypto industry?
The crypto industry took a severe hit because of the FTX fiasco. The market was only gaining back momentum when Silvergate threw another blow—or got blown. Both directives work in this case. If China’...
Xi Jinping Starts Unprecedented Third Term As China’s President
China’s President Xi Jinping swears under oath after being re-elected as president for a third term during the third plenary session of the National People’s Congress (NPC) at the Great Ha...
Oscars Under Fire For Presenter Donnie Yen’s Chinese Communist Party Ties
Topline Sunday’s Oscar ceremony has come under criticism for its decision to invite action film star Donnie Yen to present an award at the event, due to the actor’s links to the Chinese Communis...
JD.com’s Sales Rise 7% As Covid Saps Chinese Online Shopping
(Bloomberg) — JD.com Inc. posted a 7% rise in quarterly revenue, slightly below expectations, as Chinese online consumer spending remained volatile during an economic downturn. Most Read from Bl...
In War With China, U.S. Risks Being ‘Beaten Over The Head’ With Its Own Explosives Technology
Illustration by Daniel Downey for Forbes Pentagon efforts to develop new missile propellants and explosives waned after the collapse of the Soviet Union, but the Chinese have made big strides. By Je...
Chinese Platform WeChat Incorporates Digital Yuan in Payments App
7 seconds ago | 2 mins read Altcoin News After Alipay, WeChat is now the second payment platform to implement this feature. Users may send digital yuan to one another through WeChat and also pay at st...
Chinese Giants to Compete With Apple and Samsung
Many Chinese companies are beginning to launch high-end products. It appears that the long-held dominance of Apple and Samsung over the high-end devices market is becoming increasingly under threat. A...
10 Biggest Chinese Companies
China, the world’s second most populous nation (recently surpassed by India), is regarded as a global manufacturing and exporting powerhouse. We look below at the 10 biggest Chinese companies by...
These U.S.-Listed Stocks Surge—Alibaba, Baidu And More—After China’s Economic Rebound
Topline Shares of the largest Chinese heavyweights trading in the United States surged Wednesday after data showed China’s manufacturing sector unexpectedly expanded at the fastest pace in more ...
Cartier And Versace Will Soon Follow Tiffany To Complete Sydney Airport’s Luxury Makeover
Hopes for the new luxury precinct at Sydney Airport rest pretty heavily on the shoulders of Chinese … [+] travelers. Sydney Airport Sydney Airport’s ambitious gallery of luxury boutiques is almo...
Chinese Communist Party Demands Employees At Western Firm Show Their Support
Beijing, China cityscape at the CBD. getty When China began to require Western corporations to establish Chinese Communist Party (CCP) cells, businesses brushed off the move as benign. For example, wh...
U.S. Government Divided On Covid Lab Leak Theory—Here’s Where Each Agency Stands
Topline The U.S. Energy Department has reportedly concluded with “low confidence” the coronavirus leaked from a lab, reigniting a debate over the origins of the pandemic, with some federal agencies be...
Chinese Star Fan Bingbing Addresses Her Big Screen Return In ‘Green Night’
Fan Bingbing, Han Shuai and Lee Joo-Young attend the “Green Night” photocall during the 73rd … [+] Berlinale. Getty Images After a tumultuous few years, Fan Bingbing returns to the s...
USDT transaction volume drops to monthly low, but what’s the Chinese connection
USDT volume slows down as the intensity of the bear market shows signs of a decline. Strong USDT value is more desirable in China as the stronger dollar pushes past important historical CNY levels. Th...
Do You Want a Piece of the “Chinese Ethereum”? NEO’s Price Prediction
Join Our Telegram channel to stay up to date on breaking news coverage Even though Ethereum and Bitcoin are the two most popular cryptocurrencies, NEO has snowballed in recent years. The project is ma...
Concerns Over Chinese ‘Price War’ Sees Alibaba Stock Plunges Despite Major Earnings Beat
Alibaba, founded by Jack Ma, is the biggest e-business company in China. Getty Key Takeaways Alibaba has announced a major earnings beat, with net income rising 69% compared to the same time last year...
Pentagon Releases Photo Of Chinese Spy Balloon Taken From U-2 Spy Plane
A U.S. Air Force pilot looked down at the suspected Chinese surveillance balloon as it hovered over … [+] the Central Continental United States February 3, 2023. Recovery efforts began shortly a...
Chinese E-Commerce Tycoon Colin Huang Loses $3.1 Billion In One Day As Imminent Price War Spooks Investors
Pinduoduo founder Colin Huang (Photo by Qilai Shen/Bloomberg) © 2017 Bloomberg Finance LP E-commerce giants JD.com and Pinduoduo are on the cusp of a new price war, with the former pledging more than ...
Analyst Warns About The Bull Run From The Chinese Crypto Narrative
BitBoy has warned about the rumored bull run from the Chinese crypto market. Gemini President recently hinted that the next bull run will start in the East. The emerging regulatory clarity in China is...
Chinese Government Approves of Hong Kong’s Crypto Plans: Bloomberg
Key Takeaways Hong Kong is gearing up to become a crypto hub. The Chinese government is giving subtle hints of approval towards the plan. Yesterday a Hong Kong regulatory body outlined conditions unde...
Chinese Token CFX Surges by Over 390% In the Last Seven Days
Conflux (CFX) outperformed all cryptos, including Bitcoin, by 397.24%. Crypto traders bought and sold nearly half a billion dollars worth of ACH in 24 hours. A crypto enthusiast believes BTC could hit...
Elusive Chinese Billionaire Jack Ma Spotted In Australia, Report Says
Topline Alibaba co-founder Jack Ma was recently seen in Australia, Bloomberg reported, in what appears to be a continuation of a quiet world tour for the elusive Chinese billionaire who has largely ke...
Opinion: Ford’s pact with Chinese EV battery maker is a sucker punch to American taxpayers
Virginia Governor Glenn Youngkin made national headlines recently when he rejected a Ford Motor F, +1.30% factory in a struggling part of the state, owning to Ford’s partnership with Contemporary Ampe...