BRIEF: DMall prepares to apply for stablecoin license, stock soars
Retail software services provider DMall Inc. (2586.HK) announced on Thursday that it is preparing to apply for a Hong Kong stablecoin license, and has already purchased bitcoin in the public…
BRIEF: Amber Int’l to use $25.5 million from Pantera, others to fund strategic reserve
Amber International Holding Ltd. (AMBR.US) said on Thursday that it will use new funds from its recently unveiled $25.5 million private placement to further enhance its $100 million “crypto ecosystem…
BRIEF: Taobao launches $7 billion subsidy in instant retail wars
E-commerce giant Alibaba (BABA.US; 9988.HK) announced on Wednesday that its Taobao Flash Sale instant retail platform has launched a 50 billion yuan ($6.97 billion) subsidy program that will run for…
BRIEF: Cloudbreak tumbles in Hong Kong trading debut
Ophthalmic biotech company Cloudbreak Pharma Inc. (2592.HK) opened down 6% in its Hong Kong trading debut on Wednesday, and continued to fall during the morning session to close down 30% at HK$7.04…
BRIEF: China Hanking’s Australian gold business disposal collapses
Iron ore producer China Hanking Holdings Ltd. (3788.HK) announced on Wednesday that the planned sale of its Primary Gold Australian subsidiary to Inner Mongolia Huineng Coal and Electricity Group has…
INDUSTRY BRIEF: Macao’s June gaming revenue jumps nearly 20%
Macao’s gross gaming revenue totaled 21.06 billion patacas ($2.6 billion) in June, up 19% year-on-year though slipping 0.6% from May, the city’s Gaming Inspection and Coordination Bureau said on Tuesday.…
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