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July 14, 2021
Total0 Alibaba establishes Artificial Intelligence Governance Laboratory Today, Alibaba announced the establishment of Alibaba Artificial Intelligence Governance Laboratory (AAIG). The laboratory will focus on sustainable, reliable, credible, and usable artificial intelligence technologies and applications, by building a trust mechanism for the digital economy, punishing behaviors that endanger the interests of businesses and users, protecting and encouraging innovation, and promoting the healt...
May 27, 2021
May 27, 2021 Partnership with AlipayHK on exclusive consumption voucher promotions Collaboration with livi bank from July on 210 x HK$5000 in cash rebate HONG KONG SAR - Media OutReach - 27 May 2021 - In support of the Governments electronic consumption voucher scheme, major Sino Malls including tmtplaza, Olympian City and Citywalk are putting forward a series of promotions to give out over HK$20 million in rewards. Furthermore, Sino Group is presenting various exciting experiences featu...
May 21, 2021
The company will issue 609.2 million shares. At 40.36 Hong Kong dollars each, the company would raise 24.6 billion Hong Kong dollars ($3.2 billion). The pricing is subject to confirmation, said the person, who did not wish to be identified as they were not authorized to speak publicly. JD declined to comment when contacted by CNBC. However, JD withdrew its planned listing of its financial technology arm, JD Technology, from the Nasdaq-style STAR market in Shanghai last month. JD has been invest...
May 1, 2021
CBDC tests are proceeding toward deployment, as Chinese internet, fintech and e-commerce giants are leading the digital yuan vanguard.
April 9, 2021
By Addison Gong 10.00 AM In this round-up, Beijing plans to beef up capital requirements for domestic systemically important banks, foreign investors reduce their investment in domestic Chinese bonds in March, and JD.com’s technology unit is reportedly planning to set up a financial holding company. The People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC) published draft regulations at the end of last week, asking domestic systemically important ba...
April 1, 2021
Fintech firm JD Technology will now operate cloud computing and artificial intelligence operations after a business reorganisation by parent JD.com.
March 11, 2021
· Underlying net profit attributable to shareholders down 35% to US$1,094 million and underlying earnings per share down 34% to US$1.96 · Southeast Asian businesses and Mandarin Oriental severely impacted by the pandemic, but resilience in Hongkong Land, Dairy Farm, Jardine Pacific and Jardine Motors · Continued investment for the long-term exemplified by US$4.5 billion investment by Hongkong Land in West Bund in Shanghai "...
March 11, 2021
Headlines · Underlying net profit attributable to shareholders down 32% to US$1,085 million and underlying earnings per share down 30% to US$2.95 · Southeast Asian businesses and Mandarin Oriental severely impacted by the pandemic, but resilience in Hongkong Land, Dairy Farm, Jardine Pacific and Jardine Motors · Continued investment for the long-term exemplified by US$4.5 billion investment by Hongkong Land in Wes...
March 10, 2021
China Weighs Tighter Rules on STAR Board IPOs, Fintech Curbs Bloomberg 3/10/2021 Bloomberg News © AFP/Getty Images An opening ceremony of the Shanghai Stock Exchanges Sci-Tech Innovation Board in Shanghai on July 22, 2019. (Bloomberg) -- China is considering tighter rules for first-time share sales on Shanghai’s Nasdaq-style STAR board that will require firms to prove their technology credentials and raise the bar for companies such as Ant Group Co. Popular Searches The C...
March 9, 2021
Chinese Fintech Giant JD Technology Is Reconsidering Potential $3B IPO due to Nationwide Regulatory Crackdown March 8, 2021 @ 10:55 pm By Omar Faridi 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 p...