China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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160 articles matching the search query.
Alibaba's Ant Group will let more users test China's digital yuan
MYbank, an online bank in which Ant has a 30% stake, is now allowing some users to link accounts with China's digital currency app, state-backed media said.
China orders fintech companies to stick to the rules as clampdown widens
The country's platform economy has grown rapidly and covers whole range of e-commerce activities ranging from banking to shopping and food delivery.
China Orders Tencent, ByteDance to Rectify Financial Operations
Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma’s Ant Group Co. in a crackdown on the tech sector.
JD Digits Plans Finance Holding Company as China Tightens Rules
JD Digits Technology Holding Co. is planning to set up a financial holding company to comply with regulatory rules in China’s fintech sector, according to people familiar with the matter.
Chinese Fresh Food Chain Qiandama Is Said to Weigh Hong Kong IPO
Chinese fresh food chain operator Qiandama is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter.
China's JD.com to invest $800 million in Dada Group
China's JD.Com said on Monday it would invest $800 million in on-demand delivery platform Dada Group, following which the e-commerce firm will own about 51% of Dada.
China’s Healthcare Companies Are the Next Big Thing. Where Investors Should Look.
China’s healthcare companies will get much bigger thanks to an aging population, bottlenecks in China’s state medical system, and prowess in drug research.
Bilibili Hong Kong Second Listing Looks to Raise Up to $3.2 Billion
Video streaming platform Bilibili Inc. is looking to raise as much as $3.2 billion in a second listing in Hong Kong, as the trend of Chinese companies seeking trading footholds in the city gathers pace.
Chinese tech giant Baidu to raise $3.1 billion in Hong Kong listing
Baidu has priced its shares at 252 Hong Kong dollars ($32.45) each which will raise the company around $3.1 billion.
China's JD.com cashes in on steady online demand, beats market expectations
JD.com Inc's fourth-quarter revenue beat expectations on Thursday as more shoppers flocked to its website on the back of a broader shift to online shopping triggered by the COVID-19 pandemic.
JD.com Announces Fourth Quarter and Full Year 2020 Results
BEIJING, March 11, 2021 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618), China’s leading technology driven e-commerce company transforming...
Chinese Fintech Giant JD Technology Is Reconsidering Potential $3B IPO due to Nationwide Regulatory Crackdown
Chinese authorities have increased their scrutiny of the nation’s Fintech sector. China’s regulators have now cracked down on JD Technology’s (potentially) $3 billion initial public offering. JD Technology, the Fintech division of Chinese digital commerce giant JD.com Inc., is reportedly looking into withdrawing its application for an IPO planned
JD Needs to Move Fast With Logistics IPO
Chinese e-commerce giant JD is looking to follow up on its healthcare unit’s successful IPO by listing its logistics unit. It had better move swiftly lest Chinese stocks lose more steam.
JD’s Fintech Arm Likely to Withdraw China IPO, SCMP Says
JD Technology, the fintech unit of Chinese e-commerce giant JD.com Inc., is likely to withdraw its application for an initial public offering on Shanghai’s technology-heavy Star Market, the South China Morning Post reported, becoming the latest casualty of China’s wide-ranging crackdown on the country’s sprawling online finance industry.
JD Technology may withdraw its Star Market stock offer, sources say
The company feels it’s appropriate to withdraw the IPO plan because its name, its business and its senior management team have all changed since the initial listing plan was first filed, said one source who is involved in the listing discussions.
China’s Tencent Becomes an Investment Powerhouse, Using Deals to Expand Its Empire
A tech-market boom has yielded huge gains for Tencent, which has invested in hundreds of up-and-coming businesses and is now sitting on a portfolio worth roughly a quarter of a trillion dollars.
China’s Weibo Said to Plan Second Listing in Hong Kong
Weibo Corp., China’s largest micro-blogging service, is planning a second listing in Hong Kong as soon as this year, people familiar with the matter said, joining a growing cohort of U.S.-traded Chinese firms in seeking a trading foothold in the financial hub.
Sequoia-Backed Grocery App Dingdong Maicai Said to Mull U.S. IPO
Chinese grocery app Dingdong Maicai is considering an initial public offering in the U.S. as soon as this year to bankroll its expansion in the competitive fresh food delivery market, according to people familiar with the matter.
China plans to hand out $1.5 million in a digital currency test during the Lunar New Year
Beijing city announced it will pick some people to receive about $30 each in the central bank's digital currency to spend selectively on JD.com and offline.
Ant Group fintech rival JD Digits restructures amid crackdown
Fintech company JD Digits has been restructured as JD Technology, with the addition of JD.com’s artificial intelligence and cloud businesses, amid increased scrutiny of fintech in China after Ant Group’s scuttled IPO.
