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Fintech firm JD Technology will now operate cloud computing and artificial intelligence operations after a business reorganisation by parent JD.com.
· 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 "2020 has brought major challenges to our teams and businesses, but also demonstrated once again the ...
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 West Bund in Shanghai · Dividend maintained at US $1.72 per share for t...
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 Exchange's 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 China Securities Regulatory Commission may introduce revised rules as soon as next month, placing gr...
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 planned for Shanghai’s tech-focused Star Market, according to a report from the SCMP. JD Technolog...