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Fintech Focus For April 13, 2021
Monday, April 12, 2021 - 7:23pm | 2278Read More...Quote To Start The Day: Only make decisions that support your self-image, self-esteem, and self-worth. Source: Oprah Winfrey One Big Thing In Fintech: The U.S. Securities and Exchange Commission (SEC) has kicked off its review of WisdomTree’s bitcoin ETF application, starting the countdown...
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Why This PreMarket Prep Host Plans To Buy Back The Alibaba Shares He Sold
Monday, April 12, 2021 - 11:00am | 329Read More...The problem with Alibaba Group Holding Limited (NYSE: BABA) stock until now was the unknown, producer Spencer Israel said on Benzinga's "PreMarket Prep" show Monday. The company was the subject of an anti-monopoly investigation in which Alibaba was issued a record $2.8-billion...
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Alibaba's Ant Group Buckles Under Regulatory Pressure, Agrees To Organize As Financial Holding Company
Monday, April 12, 2021 - 10:25am | 528Read More...Alibaba Group Holding Limited's (NYSE: BABA) Ant Group subsidiary has yielded to regulatory pressure and agreed to organize itself as a financial holding company. What Happened: Following an ultimatum from the People's Bank of China, Ant, a fintech company, said it will become a financial...
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XPeng To Launch Third EV Model April 14; P7 Wing Deliveries Begin
Monday, April 12, 2021 - 8:57am | 405Read More...Chinese electric vehicle brand XPeng Inc. (NYSE: XPEV) has confirmed the launch schedule for its third EV model, a sedan, and announced the commercial availability of a variant of its P7 sedan. What Happened: XPeng's third EV model, named P5, will be launched April 14 in Guangzhou, China...
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Walmart China, Dada Group's JDDJ Extend Omni-Channel Customer Digitalization Partnership
Monday, April 12, 2021 - 7:46am | 268Read More...Walmart Inc (NYSE: WMT) China and Chinese on-demand delivery and retail platform Dada Nexus Ltd (NASDAQ: DADA) extended their omnichannel consumer digitalization-focused partnership by the rolling out of the VIP program for Walmart stores customers on Dada Group...
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Why Is Alibaba Stock Surging Despite $2.87B Antitrust Fine?
Monday, April 12, 2021 - 12:49am | 621Read More...Shares of Alibaba Group Holdings (NYSE: BABA) jumped more than 8% on Monday in Hong Kong as investors cheered the record $2.8 billion fine slapped on China's biggest e-commerce company as a result of an anti-monopoly investigation and hoped it could be the end of the regulatory troubles for ace...
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Why Alibaba Just Got Hit With A Record $2.87 Billion Fine In China
Saturday, April 10, 2021 - 1:33pm | 546Read More...The regulatory troubles that have beset Jack Ma since November may be nearing their end, culminating in a hefty fine slapped on the Chinese tech entrepreneur's biggest brand. What Happened: China fined Ma's Alibaba Group Holding Ltd (NYSE: BABA) a record $2.8 billion after a...
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SoftBank-Backed China's Uber Equivalent Raises $1.5B Debt Before Its IPO: Bloomberg
Friday, April 9, 2021 - 2:59pm | 287Read More...SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF)-backed Chinese ride-hailing company, Didi Chuxing, also known as the Uber of China, raised $1.5 billion debt from banks as it continues to evaluate a potential listing at a possible $100 billion valuation, Bloomberg reports. Didi...
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Apple Faces Skirting Attempt On Ad-Tracking Rules From China Trade Groups Aided By Proctor & Gamble: Report
Friday, April 9, 2021 - 12:01am | 497Read More...Apple Inc’s (NASDAQ: AAPL) new privacy tools centered on advertising face a challenge from a mechanism under testing in China, which was developed with the help of Procter & Gamble Co (NYSE: PG), the Wall Street Journal reported Thursday. What Happened: P&G reportedly cooperated...
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China May Soon Halt CBD Cosmetics Trade, Forcing Manufacturers To Turn To Exports
Thursday, April 8, 2021 - 3:16pm | 251Read More...Back in March, China's National Institutes for Food and Drug Control revealed a proposed law that would forbid imports and cross-border e-commerce of hemp flowers, seed oil and extracts in cosmetics — the only CBD applications allowed for sale in the country. Industry experts...
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Xpeng Said To Be Developing Own Chips, With Year-End Rollout Target
Thursday, April 8, 2021 - 3:53am | 510Read More...Chinese electric vehicle maker XPeng Inc. (NYSE: XPEV) is working on developing dedicated chips for autonomous driving and could launch them by the end of this year or early next year, according to a report by 36kr (via cnEVpost). What Happened: Xpeng is working simultaneously in China and the U.S...
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Apple, Google, Bitcoin Acting Against US Interests And In Favor Of China, Says Peter Thiel
Thursday, April 8, 2021 - 2:16am | 742Read More...Venture capitalist and tech investor Peter Thiel has criticized U.S. technology giants Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) and Apple Inc. (NASDAQ: AAPL) as well as the cryptocurrency Bitcoin (BTC) for working against U.S. interests and in favor of China, according to a report by Bloomberg...
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Warren Buffett-Backed BYD Outdoes Nio, Xpeng, Li In Q1 EV Deliveries
Wednesday, April 7, 2021 - 5:24am | 492Read More...Chinese automaker BYD Co Ltd’s (OTC: BYDDF) all-electric vehicle sales more than doubled in Q1 and it sold nearly twice as many overall electric vehicles as its close rival Nio Ltd (NYSE: NIO) from January to March. What Happened: BYD, which is backed by Berkshire Hathaway Inc. (...
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What's Happening With Li Auto Stock?
Tuesday, April 6, 2021 - 11:39pm | 470Read More...Shares of Chinese electric vehicle manufacturer Li Auto Inc. (NASDAQ: LI) closed about 2.4% higher in the regular session on Tuesday, but fell 4.4% in the extended session. What Happened: Li Auto said it plans to offer up to $750 million in convertible senior notes due in 2028, subject to market...
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Fintech Focus For April 7, 2021
Tuesday, April 6, 2021 - 6:46pm | 2410Read More...Quote To Start The Day: An unexamined life is not worth living. Source: Socrates One Big Thing In Fintech: Fidelity Investments, Square Inc. and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated. Source: WSJ...
