CCTV called crypto 2020’s best asset on the same day that a police official said crypto is responsible for $145.5 trillion in illegal outflows.
Posted inTurf Wars
Tesla challenger Xpeng lands $586 million investment
Xpeng is accelerating expansion domestically as well as overseas with a shipment of 100 G3 crossovers destined for Norway.
Posted inHeavy Hitters
INSIGHTS | As ridesharing market plateaus, Didi tries everything
As Didi moves toward a rumored IPO, the Chinese ridesharing market isn’t growing fast enough for the world’s second largest unicorn.
Posted inHeavy Hitters
JD Health preparing for Hong Kong listing
The filing from JD Health comes at a time of growing market interest in the healthcare and biotech industries as a result of the pandemic.
Posted inHeavy Hitters
Judge blocks Tiktok download ban from US app stores
The court order grants the popular app a reprieve amid ongoing deal negotiations, but it doesn’t cover a broader Tiktok ban to spin off its US business.
Posted inHeavy Hitters
Covid-19 squeezes Trip.com in Q2 as global travel stalls
Trip.com continued to grapple in the second quarter from stifling effects from the pandemic, and it expects the fallout to extend into the third quarter.
Posted inHeavy Hitters
Judge orders US to postpone Tiktok ban or defend it on Friday
Turning to the court is Bytedance’s last resort because now both Beijing and Washington have a say in the Tiktok deal, and Beijing is not likely to agree.
Posted inHeavy Hitters
China Tech Investor: Ant Group is really big, and really confusing
Elliott and James try to get their minds around the Ant Group IPO, and the business behind what is likely to be the biggest IPO in history.
Posted inTurf Wars
Li Auto picks Nvidia over Mobileye for newest self-driving cars
Li Auto will be the first automaker to use Nvidia’s newest processor to facilitate highly autonomous driving functions for its EVs.
Posted inHeavy Hitters
Bytedance applied for licenses to export tech: report
China’s Ministry of Commerce said that the Beijing Municipal Commerce Bureau has received an application from Bytedance to export certain technology.