China’s second-largest music streaming service has scrapped a $1 billion initial public offering in Hong Kong as concerns about a growing regulatory crackdown on the country’s technology groups have hit investor confidence, reported the Financial Times. Cloud Village, the music streaming business of tech group NetEase, will not go ahead with its IPO that was […]
Category: Markets
Kuaishouplans to shut down its overseas app Zynn later this month, ending an attempt to challenge rival ByteDance’s dominant TikTok short-video app in the US, the Chinese company said on Wednesday, reported Caixin. Kuaishou told Zynn users that it would stop providing services on Aug. 20 and all users’ data will be deleted within 45 […]
Green energy themed exchange traded funds in China have outperformed other thematic and broad-based ETF strategies in the first half of 2021, amid signs of a shift in the economy towards greener energy and more environmentally friendly consumer products, reported the Financial Times. ETFs investing in green energy have dominated the list of best-performing ETFs […]
China-based companies will have to disclose more about their structure and contacts with the Chinese government before listing in the US, the Securities and Exchange Commission said on Friday, reported the Financial Times. Gary Gensler, the chair of the US corporate and markets regulator, has asked staff to ensure greater transparency from Chinese companies following […]
If there was ever any doubt, this last week has shown just how determined Those in Command are to maintain absolute control over all elements of the system and society, regardless of the implications for growth, innovation and even investment. The hammering of tech firms, most notably Tencent, and the stringent controls on education-related companies, […]