Chinese Uber rival Didi’s users drop by 30 per cent after US IPO saga – CityAM : CityAM September 16, 2021 Chinese ride-hailing giant Didi has lost 30 per cent of its app’s daily users since its $4.4bn IPO in New York at the end of June, in the latest blow to the company following Beijing’s harsh regulatory crackdown for an alleged data breach. Didi’s average daily users plunged to 10.9m in August from 15.6m in [...]
Five thought-provoking books we’ve read in 2021 September 15, 2021 Book clubs aren’t just a way to while away a pleasant hour with friends as you discuss Jane Austen or Julian Barnes over a glass of wine. Our emerging market equities team has established a book club to seek investment insights from beyond the everyday sources. We hope it will spark discussion, and nurture a [...]
Universal Music boss Lucian Grainge locks eyes on $150m IPO pay out September 15, 2021 Universal Music’s stock market debut next week it set to land its boss Lucian Grainge an around $150m pay out, while he also cashes in on his Tencent investment. The British record label mogul, who nearly died of Covid-19 last year, is to receive the $150m through a “transaction bonus”, if the listing secures a [...]
Are regulators starting to embrace digital assets? September 14, 2021 Writing for Crypto AM, Jonny Fry examines the regulation of cryptocurrencies and points to what a future under scrutiny could look like.
Oil prices push back as effects of Hurricane Ida hit supply September 10, 2021 Global oil prices pushed past the $73 mark this morning as crude supplies tightened on the back of Hurricane Ida. Worldwide standard Brent crude rose 2.2 per cent to $73.02, while US benchmark West Texas Intermediate rose 2.4 per cent to $69.80. Since Ida made landfall in the US at the end of August, causing [...]
Alibaba-backed LinkDoc mulls private $200m fundraiser after frozen US IPO September 9, 2021 Chinese medical data firm LinkDoc Technology is reportedly looking to raise between $200m and $300m from a private fundraiser, weeks after it froze plans for a US float. LinkDoc, which is backed by Alibaba Health Information Technology, is also mulling a fresh initial public offering (IPO) in Hong Kong instead of across the pond, Bloomberg [...]
Alibaba-backed LinkDoc mulls private $200m fundraiser after frozen US IPO – CityAM : CityAM September 9, 2021 Chinese medical data firm LinkDoc Technology is reportedly looking to raise between $200m and $300m from a private fundraiser, weeks after it froze plans for a US float. LinkDoc, which is backed by Alibaba Health Information Technology, is also mulling a fresh initial public offering (IPO) in Hong Kong instead of across the pond, Bloomberg [...]
Aquascutum and Gieves & Hawkes face being dragged down by Chinese parent’s debt struggles September 8, 2021 Struggles in China are pushing some of the most established British fashion brands into a dicey position, with Gieves & Hawkes facing a winding-up order and Aquascutum pulling out of the UK entirely. Chinese outfit Shandong Ruyi, which owns the two firms, has come under increasing pressure over its staggering $4 billion debt following an [...]
Kraken intelligence report points to potential for Ethereum to shine September 7, 2021 Kraken's highly-anticipated monthly intelligence report is suggesting Bitcoin may be about to take a back seat as altcoins drive crypto momentum in Q3.
‘Tragic mistake’: George Soros slams BlackRock’s investment in Xi’s China, again September 7, 2021 George Soros has condemned BlackRock’s wealth management move into China as a “tragic mistake” that will risk losing clients’ money and damage US security, in his latest attack on investment in the world’s second-biggest economy. “Pouring billions of dollars into China now is a tragic mistake,” the billionaire investor wrote in a Wall Street Journal [...]