![]() Shenzhen-listed property firm Tahoe Group Co. Real estate firm Tahoe Group defaults on debt of 27.1 billion yuan “It’s something we’re looking at, yes,” Trump said in an interview about comments by Secretary of State Mike Pompeo who had earlier mentioned the matter. as one possible way to retaliate against China over its handling of the coronavirus. President Trump said his administration is considering banning the short video app TikTok in the U.S. Local media reported it may be only a temporary site. Hong Kong hotel converted into new national security officeĬhina opened its national security office in Hong Kong (link in Chinese) on Wednesday, utilizing the four-star Metropark Hotel Kowloon, with 266 rooms, near Victoria Park. An Ant spokesperson said the report was "incorrect" but would not refute specific details.Ĭredit Suisse aims for 100% of securities venture in China growth planįinancial services company Credit Suisse Group AG wants to raise its stake in its China joint venture to 100% and win more market share after getting the go-ahead from the country’s regulator to take a majority holding, Reuters reported. It plans to sell 5% to 10% of its shares and targets a valuation of over $200 billion. The company’s market cap topped $880 million.Īlibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion: sourcesĪnt Financial, the fintech affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd., is eying an initial public offering in Hong Kong as soon as this year, Reuters reported. The stock finished its first day trading at $23.43, 46% higher than the $16 initial public offering price.īlueCity sold 5.3 million American depositary shares to raise $89.8 million. Last week, Jia said he had completed a personal bankruptcy case in the U.S.Ĭhinese gay dating app operator BlueCity surges on Nasdaq debutīlueCity Holdings Ltd., the owner of China’s largest LGBTQ dating platform Blued, skyrocketed as much as 124% in its trading debut Wednesday on the Nasdaq stock exchange. The business collapse of LeEco left a huge amount of unresolved debt disputes while Jia fled China to the U.S. Gan, who was divorced from Jia last year, provided a guarantee along with Jia for the borrowing by one of LeEco’s subsidiaries in 2015. Gan Wei, ex-wife of troubled LeEco founder Jia Yueting, was hit by a travel ban by a court because of 533 million yuan ($76 million) of unpaid loans to China Merchant Bank, according to a ruling released Wednesday by the Shanghai High People’s Court. colleges.Įx-wife of embattled tycoon Jia Yueting faces travel ban Immigration and Customs Enforcement agency Monday, would affect more than 1 million international students studying at U.S. from enforcing new visa guidelines that could force international students out of the country if schools offer only online classes in the fall. ![]() Harvard University and the Massachusetts Institute of Technology are seeking a temporary restraining order to prevent the U.S. ![]() Harvard and MIT sue immigration authorities on new student visa rules ![]() A pilot program to test the digital currency was launched in April in selected cities with participation of large state banks. ![]() PBOC, Didi Chuxing in tie-up to test China’s homegrown digital currencyĭidi Chuxing is working with a research unit of the central bank to test China’s coming digital cash as a payment method on its platform, China’s ride-hailing giant said Wednesday.Ĭhina’s central bank has led global peers in the development of digital legal tender. By Lu Yutong and Han Wei TOP STORIES OF THE DAY Also, divorce doesn’t end troubles for ex-wife of Jia Yueting. Meanwhile, China’s largest gay dating app operator booms on its Nasdaq debut while Ant Financial is reportedly planning a Hong Kong IPO. China’s central bank and ride-hailing giant Didi work together to test the official digital currency. immigration authorities over new student visa rules that threaten more than 1 million international students. ![]()
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