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 [...]
From McDonalds to supermarkets: The slow-motion car crash of Britain’s labour shortages September 6, 2021 World trade in toys is a highly cyclical business. Every year, just as everyone is putting their Halloween masks away, Chinese exports of toys drop back, and by March the following year they will typically be nearly 60 per cent lower. For the last four years, October’s peak has been getting progressively lower. Since the [...]
Alibaba pledges $15bn to cut poverty in China, despite Jack Ma clampdown September 3, 2021 Chinese retail giant Alibaba has pledged $15.5bn to help China achieve “common prosperity”, despite its founder Jack Ma being targeted by Beijing’s regulatory crackdown. The donation comes amid a bout of new hawkish regulations for Chinese tech giants, with Ma singled out for particular scrutiny following his criticism of the country’s regulators and state banks. [...]
China to launch new Beijing stock exchange to boost small businesses September 2, 2021 China will create a new stock exchange in Beijing, in a bid to foster small business development and boost the country’s equity financing. In an announcement at an international trade fair, president Xi Jinping said the new Beijing exchange would “provide a platform for innovative small and medium-sized enterprises.” Giving no date or further details [...]
Chinese hedge fund offers £218k starting salary to rival big banks September 1, 2021 Ubiquant, a China-based fund managing $8bn (£5.8bn) of assets, has bumped up starting salaries in a bid to compete with big banks. JP Morgan, Barclays and Citigroup all upped starting salaries to $100k amid rising market wealth and complaints from new starters about working 100-hour weeks during the pandemic. Amid growing competition Goldman Sachs and [...]
Chinese hedge fund offers £218k starting salary to rival big banks : CityAM September 1, 2021 Ubiquant, a China-based fund managing $8bn (£5.8bn) of assets, has bumped up starting salaries in a bid to compete with big banks. JP Morgan, Barclays and Citigroup all upped starting salaries to $100k amid rising market wealth and complaints from new starters about working 100-hour weeks during the pandemic. Amid growing competition Goldman Sachs and [...]