Alibaba's payments arm Ant Financial has started the process of a concurrent initial public offering in Shanghai and Hong Kong. ( read original story ...)
After SMIC’s stellar debut, Chinese AI chip maker Cambricon Technologies soars 350 per cent in Shanghai
Cambricon’s gains make it the seventh-largest company on the Star Market, but it is unlikely to post profit until 2022 amid rapidly increasing R&D expenses. ( read original story ...)
Tomorrow Group-linked shares tumble after China seizes affiliated financial firms
Shares in two companies with connections to troubled Chinese conglomerate Tomorrow Holdings Co Ltd slumped on Monday after regulators seized control of nine firms affiliated with the group. ( read original story ...)
Google Maps Rival Helping Pakistan Find Virus Hotspots Plans IPO
TPL Trakker Ltd., a Pakistani mapping and tracking services provider that is also working with the government to locate Covid-19 hotspots, plans to raise 1.4 billion rupees ($8.4 million) in an ... ( read original story ...)
China: In School, No Masks, And A Runaway Stock Market
China: healthy. Rest of world. Sick, sicker and getting sick of China. Wall Street, meanwhile, sees the best market in the world right now. ( read original story ...)
China’s Small Lenders Are Filling Up on Riskiest Bank Debt
China’s cash-strapped small lenders are expanding their pile of the riskiest kind of bank debt to shore up their capital levels, bracing against an economic slowdown and rising loan defaults. ( read original story ...)
China to offer more financial support for flood-hit areas
China's banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. The China Ban ... ( read original story ...)