Global stock market saw a major meltdown this week, caused by concerns over the tightened fiscal policy in the U.S. A bloodbath in American markets earlier this week has now extended to Asia and Europe.
Throughout the first three quarters of 2018, Chinese tech companies far outnumbered U.S. companies in filing for IPOs on U.S. stock exchanges, according to an IPO report released by Renaissance Capital, a leading IPO investment research company.
Viomi Technology Co. Ltd, a Xiaomi-backed supplier of Internet-connected home appliances, filed for a U.S. initial public offering with the US Securities and Exchange Commission (SEC) on Aug. 30.
A number of blockchain news and media accounts on WeChat became inaccessible on the evening of August 21. The Tencent WeChat team released a statement next day saying that the accounts have been permanently banned and their content removed due to a violation of government provisions.
Career and social networking platform, Maimai, announced its Series D round of funding on August 21. The China-based company raised $200 million at a valuation of over $1 billion, making it the first and only unicorn in the career and social networking space.
Alibaba Group ranked fifth in Fortune magazine's Change the World 2018 list for the philanthropy work done through its subsidiary mapping service that literally drove money into rural China.
China now has over 800 million Internet users, as indicated in the half-year report on China's Internet by the China Internet Network Information Centre (CNNIC) released on August 20. Out of the 800 million, 788 million are mobile Internet users.
Trump's New Visa Policy Closes the Door on Highly-Educated Scientists