Twenty digital scenic spots and 600 digital hotels will be launched in Shanghai this year, according to a guideline released on Thursday. The guideline, which is aimed at supporting the development of ... ( read original story ...)
Ant Inching Closer to IPO as Valuation Drops 60%, Bernstein Says
Ant Group Co. could list its shares by the end of this year though the Chinese fintech giant faces a 60% slash in valuation, according to a report from Sanford C. Bernstein & Co. ( read original story ...)
China Stock Market May Test Support At 3,500 Points
The China stock market has finished lower in three straight sessions, sinking more than 90 points or 2.4 percent along the way. The ... ( read original story ...)
China’s market rebound in second half looks unlikely as policy tightening will hold back rally, BCA Research says
China’s domestic policy backdrop and economic fundamentals do not support a sustained rally in stocks in next six months, Canadian research firm BCA says. ( read original story ...)
3 Reasons Tesla Stock Could Still Crush the Market
Whether you like Tesla (NASDAQ:TSLA) or not, it's hard to deny the company has accomplished something tremendous. In under two decades, this electric vehicle (EV) maker has disrupted a 130-year-old ... ( read original story ...)
China shares end lower as foreign outflow concerns weigh; Shanghai Composite closes 1% down
At the close of trade, the Shanghai Composite index was down 1.07 per cent at 3,518.33 and the blue-chip CSI300 index lost 1.67 per cent, having finished weaker on Tuesday. ( read original story ...)
Central bank to expand trials of digital RMB
China's monetary authorities will designate more payment service institutions to develop digital RMB electronic wallets with complicated functions, in order to satisfy various types of payment needs, ... ( read original story ...)