Chinese fintechs look abroad as Nasdaq tightens the screws on penny stocks
"It's pretty much game over in terms of major business opportunity in that sector in China for anybody who would want to come in now." – On how domestic regulatory…
ZhongAn’s growth engine keeps running in a bumpy economy
The digital insurer’s third-quarter revenue grew far faster than the overall industry as its flagship low-cost policies continue to attract demand Key Takeaways: ZhongAn’s insurance business income grew about 10%…
Macao ‘guides’ gaming companies to pony up half of new $2.5 billion fund
The city’s new ‘Guidance Fund’ aims to reduce its reliance on gambling and diversify its economy Key Takeaways: The Macao government has launched a new 20 billion pataca ‘Guidance Fund’…
Ping An’s operating profit climbs 8.3% in first nine months despite market volatility
Ping An’s H-shares rose 2.6% after it reported core earnings growth, as its financial services and growing health and senior-care businesses lay a foundation for longer-term growth Key Takeaways: Ping…
Got change? Lexin’s penny-stock plunge reflects sinking fortunes for China fintechs
The online loan facilitator faces a potential delisting after its American depositary shares traded below $1 for 30 consecutive business days Key Takeaways: Lexin’s American depositary shares could be delisted…
OPay rings up Nigeria digital payment prowess for Wall Street investors
The Singapore-based digital payment company has filed to list in New York, offering strong profits from its digital payment services in Nigeria Key Takeaways: OPay has filed for an IPO…
Its business stabilized, Cango signs first customer for its new AI business
The company’s bitcoin mining business held steady in the second quarter, as its first high-performance computing center was ready to receive customers in July Key Takeaways: Cango completed its overhaul…
