Chinese video app Tiktok's biggest competitor is going public in Hong Kong on Friday. The company is expected to reach a market valuation of $60 billion at the start of trading. Although Kuaishou's business is growing rapidly, the startup is struggling with several problems. International expansion has been slow. Recent tighter laws in China are also slowing Kuaishou down.
Von Redaktion Table
The entire financial arm of the Alibaba Group will be regulated like a financial house in the future. Not without reason: Ant Financial already originates more than a fifth of consumer loans in China. With Ant's classification as a financial holding company, the company must also adjust its capitalization. A measure to mitigate credit risks.
Von
Bloomberg's ranking of "green billionaires" is dominated by the Chinese. The shareholders of EV, battery and solar manufacturers are benefiting from the boom in sustainable investments. But caution is advised: Large parts of the "green fortune" are based on massively increased stock market prices.
Von Nico Beckert
Das Ranking der "grünen Milliardäre" von Bloomberg wird von Chinesen dominiert. Die Anteilseigner der E-Auto-, Batterie- und Solarhersteller profitieren vom Boom bei nachhaltigen Investitionen. Doch Vorsicht ist geboten: Große Teile des "grünen Vermögens" basieren auf massiv gestiegenen Börsenkursen.
Von Nico Beckert
Beijing's master plan: The southern Chinese island paradise of Hainan is to be transformed into a high-tech location with an attached free trade zone. Tax breaks, special permits for the use of medicines, and high-tech settlements are intended to attract investors. However, the island is still sparsely populated and is financed through tourism. Bankruptcies and corruption scandals have accompanied the development of the region.
Von Frank Sieren
China wants to demonstrate technological superiority with the presentation of the new quantum computer "Jiuzhang". The competition in quantum computing will become tougher because the technology is the great hope in battery research, drug development and autonomous driving.
Von Ning Wang
