China Financial News
29.11 / 03:05
IPO
Manufacturing
Porsche
show
reports
testing
prevention
Shein IPO: Fast-fashion retailer ready to be listed in New York can create stir around China roots
Shein has a lot of work to do to convince skeptics that the runway is clear for it to launch an initial public offering next year. The Singapore-headquartered company filed confidentially for a listing in New York, a person familiar with the matter has said, weeks after Bloomberg News reported that it could seek a valuation of as much as $90 billion in a first-time share sale.
29.11 / 03:05
outbreak
reports
pneumonia
Karnataka, Uttarakhand on alert following China pneumonia outbreak. Read do's and don'ts of advisory here
Union Health Ministry in its advisory on Sunday said that currently, the situation is not that alarming, adding that it is closely monitoring the situation. "In view of the recent reports indicating a surge in respiratory illness in children in northern China in recent weeks, the Union Health Ministry has proactively decided to review the preparedness measures against respiratory illnesses, as a matter of abundant caution.
29.11 / 02:49
Target
Merit
Action
Actor
show
reports
Chinese AI firm SenseTime denies research firm Grizzly's claim it inflated its revenue
SenseTime, a major Chinese artificial intelligence company known for its facial recognition technology, has rejected claims by a research company that it has inflated its revenue
29.11 / 02:49
Citizens
Fighting
country
information
reports
evacuation
127 Malaysians, suspected to be victims of job scams, rescued from Myanmar fighting
Malaysia's government says more than 120 suspected victims of job scams have been rescued after being stranded by fighting in northern Myanmar between the military and armed ethnic groups
29.11 / 01:47
29.11 / 00:43
Manufacturing
Strategy
economy
AMD
country
Indian design centres touch every aspect of our chip design globally: AMD CTO Mark Papermaster
Advanced Micro Devices (AMD) touch every aspect of chip design globally, its global chief technology officer Mark Papermaster told ET in an interaction. The Santa Clara-based semiconductor company on Tuesday inaugurated a new AMD Technostar campus, its largest data centre globally, in Bengaluru.
28.11 / 23:43
IPO
Target
Reuters
JPMorgan
Enterprise
2020
reports
Shein, controversial fashion retailer, reportedly files for U.S. IPO
Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York.
28.11 / 23:41
28.11 / 21:41
28.11 / 21:39
Digital
Manufacturing
CEO
Bitcoin
show
performer
reports
Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?
Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings.
28.11 / 21:39
Blockchain
Provident
Digital
Platform
Mobile
Align
testing
More Apex Banks Jump on e-CNY Pilot Trial Program – The Rise of Global CBDC Issuance?
China’s e-CNY pilot program is gaining significant attention as three additional banks join the initiative.
28.11 / 20:03
Booking
Citizens
country
reports
travelers
Destinations
This winter, more Indians set to flock visa-free destinations
Thomas Cook India and its subsidiary SOTC are seeing at least 20% growth in bookings for October-December 2023, from a year ago for these destinations, with their customers favouring either no-visa destinations or those offering easy terms or those granting visas on arrival. Thailand is already seeing 30% growth for the upcoming holiday season over November 2022 and January 2023. It waived visa requirements for Indians, allowing 30 days stay from 10 November to 10 May.
28.11 / 18:39
FIVE
reports
2024
Russia pushes 'Big Five' meetings into 2024
Russia, current chair of the "Big Five" nuclear-armed states, will not convene any meetings this year but has presented the group with a schedule for 2024, deputy foreign minister Sergei Ryabkov told reporters on Tuesday, according to Russian news agencies. Russia took over coordination of the group from the US in August. The «Big Five» are the veto-wielding permanent members of the UN Security Council, and also include China, France and Britain. «We have outlined our proposals on the agenda and the rough schedule, and can apparently expect to receive feedback from other members of the Five,» Ryabkov was quoted as saying.
28.11 / 18:15
CBDC
PBoC
e-CNY
China’s CBDC Development is “Already On Track” and Nearing Completion: Ex-PBOC Governor
Former Governor of China’s central bank PBOC is all optimistic about the country’s central bank digital currency (CBDC) nearing completion.
28.11 / 18:15
Binance
Arthur Hayes
Crypto Billionaire Arthur Hayes Says Binance Fine Highlites the “Arbitrary” Nature of Punishments in the US
BitMEX founder Arthur Hayes has voiced concerns about the arbitrary nature of punishments in the United States, using the recent Binance fine as an example.
28.11 / 18:03
28.11 / 18:01
Extreme
Gap
economy
country
consequences
reports
View: Precious, tricky spots
UNEP) released its Emissions Gap Report 2023. The big headline is that this will be the hottest year ever. UNEP confirmed the worst fears about rapidly advancing climate change, manifesting in the recent instances of extreme weather that led to devastation in several countries, including Pakistan and India.
28.11 / 16:42
Digital
Tether
Strategy
economy
Align
Bitcoin
innovations
Boyaa Interactive Advances into Cryptocurrency with a $100 Million Acquisition Mandate
Boyaa Interactive International Limited, a distinguished online card and board game developer based in Hong Kong, is advancing into the cryptocurrency realm. Since its founding in 2004 and subsequent listing on the Hong Kong Stock Exchange in 2013, Boyaa has established a robust presence in the gaming industry, offering popular titles like Texas Hold’em and Chinese Chess.
28.11 / 16:19
business
Blockchain
CBDC
More foreign banks join China’s CBDC pilot trials
More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.
28.11 / 16:19
business
Blockchain
Canaan secures new financing as revenue falls 55% in Q3
Bitcoin miner Canaan is seeking new capital amid a slump in its revenue and bottom line.
28.11 / 14:49
Provident
Waters
Manufacturing
Deloitte
exclusive
reports
RP-Sanjiv Goenka Group's PCBL to acquire Aquapharm Chemicals for ₹3,800 cr
₹3,800 crore, beating the likes of Dorf-Ketal and Tata Chemicals to win the bid. The acquisition will give PCBL, among the largest manufacturers of carbon black material in India, a crucial foothold in the specialty segments of water treatment chemicals and oil and gas chemicals. PCBL (formerly known as Phillips Carbon Black Limited) expects to finance the deal through a mix of internal accruals and external fundraising, the company told stock exchanges after the share purchase agreement was signed on 28 November.
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