Western allies cannot allow China to fraternise with the Taliban – CityAM : CityAM August 31, 2021 The swift demise of Afghanistan has dominated every headline. Twenty years of aid, support and work towards political stability wiped out in a mere nine days. This will only spell the start of the atrocities — the return of female oppression and a crack down on all who aided Western countries are already reemerging. As [...]
Gaming shares slide after China puts limits on kids playing online games August 31, 2021 China’s new rules forbidding under-18s from playing online games for more than three hours per week to curb youth video game addiction. China’s National Press and Publication Administration announced yesterday that gamers under 18 are only allowed to play online between 8-9 pm on Fridays, weekends and holidays. The authorities have instructed gaming companies to [...]
Tech crackdown: China proposes banning local sensitive data firms from US IPOs August 27, 2021 China has turned its attention to the US stock market amid its tech sector crackdown, according to reports, by suggesting new rules that ban sensitive data firms from listing. The new rules target internet companies, but the China Securities Regulatory Commission, its local market watchdog, has said that those in the pharmaceutical industry, are still [...]
Brazil’s Buffett-backed Nubank eyes $55bn valuation ahead of US IPO August 26, 2021 Brazil’s digital bank Nubank is reportedly eyeing a $55.4bn valuation ahead of its initial public offering (IPO), as Brazilians look beyond traditional lenders. If Brazil’s most prominent digital bank is listed at a market cap greater than its largest tradition bank Itau Unibanco, Nubank would shoot up the ranks towards international high flyers like the [...]
Judges announced for next month’s Crypto AM Awards 2021 August 25, 2021 Introducing the judges for September's Crypto AM Awards 2021.
Pinduoduo shoot up 22 per cent after donating £1bn to Chinese agriculture sector August 25, 2021 Chinese e-commerce group Pinduoduo said it would donate RMB 10bn (£1.12bn) in future earnings to contribute to the development of agriculture as part of the country’s “common prosperity” vision. Shares for the Nasdaq-listed company were up 22 per cent following the announcement of the programme. Pinduoduo reported its first-ever quarterly profits as a public company [...]
Investors should ‘buckle up’ for jittery markets in September, warns deVere CEO August 24, 2021 Financial markets are going to get jittery in September amid concerns over the Delta variant, China’s regulatory attacks and shifting monetary policies. Against this backdrop, investors should review and potentially rebalance their portfolios sooner rather than later, according to Nigel Green, CEO of asset management firm deVere Group. “History teaches us that October is tricky [...]
Imagination Technologies cashes in on chip demand amid China tech row August 24, 2021 British semiconductor firm Imagination Technologies has posted a surge in revenue as a raging global chip shortage helped boost demand for its products. The company, which is based in Hertfordshire but owned by a Chinese private equity fund, reported a 55 per cent rise in revenue to $76m (£55m) in the first half of the [...]
China pauses over 40 IPOs as hawkish eyes fall on intermediaries August 24, 2021 Shanghai and Shenzhen stock markets have hit pause on more than 40 initial public offerings, as Chinese regulators probe several intermediaries featuring in the deals. The Shenzhen Stock Exchange has suspended more than 30 initial public offerings (IPOs), including public listing plans by electric car manufacturer BYD’s chip-making unit, which was scuppered on Wednesday. [...]
Imagination Technologies cashes in on chip demand amid China tech row : CityAM August 24, 2021 British semiconductor firm Imagination Technologies has posted a surge in revenue as a raging global chip shortage helped boost demand for its products. The company, which is based in Hertfordshire but owned by a Chinese private equity fund, reported a 55 per cent rise in revenue to $76m (£55m) in the first half of the [...]