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Cathie Wood Buys Another $59M In Coinbase As Bitcoin Recovers, Entirely Cuts Apple Stake
Cathie Wood-led Ark Investment Management on Thursday snapped up 254,738 shares, worth about $59.46 million, in Coinbase Global Inc (NASDAQ: COIN) as the cryptocurrency exchange bounced back after a bullish call from analysts. read more.....»»
: Burger wars? Wendy’s is back in the U.K. after 20 years, ready to take on McDonald’s and Burger King
U.S. fast food chain Wendy’s, famous for its square burgers, is planning to return to the U.K. for the first time in more than two decades, amid a boom in fast food during the COVID-19 pandemic......»»
Jay-Z and Andreessen Horowitz back a $19 million investment in NFT platform Bitski
An NFT platform branding itself as the "Shopify for NFTs" raised $19 million in funding from investors including Andreessen Horowitz (a16z) and Jay-Z. Mike Blake.....»»
Cathie Wood Loads Up Another $28M Worth Of Shares In Alibaba Rival JD.Com
Cathie Wood-led Ark Investment Management on Friday bought 366,879 shares, worth about $27.7 million, in JD.com Inc (NASDAQ: JD), a key rival to Alibaba Group Holding (NYSE: BABA) in the e-commerce space in China. read more.....»»
Taiwan sees sharp decrease in 1Q21 investment from China
The Ministry of Economic Affairs (MOEA) approved six projects to invest in Taiwan proposed by China-based investors in first-quarter 2021, decreasing 80% on year, with the total proposed investment of US$14.4 million slipping 59.43% on year......»»
Beleaguered Chinese Coffee Retailer Luckin Announces Private Equity Investment Of Up To $400M
Luckin Coffee Inc. (Pink: LKNCY) shares, which are traded over the counter following the financial improprieties that forced a bankruptcy filing, saw some upward bounce Thur read more.....»»
Biden administration sanctions Chinese officials for "genocide" against Uighurs days after diplomatic spat in Alaska
Human rights groups say China has forced over a million Uighur Muslims and other minorities into detention camps in Xinjiang. Secretary of State Antony Blinken was involv.....»»
Xpeng To Get $78M Funding From A Chinese Provincial Government
Xpeng Motors Inc (NYSE: XPEV) said Monday that it will receive $78 million in funding from the investment arm of a local Chinese government for business expansion purposes. read more.....»»
Bitcoin surges back above $51,000 after Square"s $170 million investment, Cathie Wood"s positive comments
Square's purchase of an additional $170 million of bitcoin and bullish remarks from Cathie Wood helped the digital asset recover on Wednesday. A multiple.....»»
Atlanta airport getting $100 million back-up power system from Georgia Power, Atlanta Airlines Terminal Company
The companies partnered on the long-term investment to provide permanent back-up power generation service for all terminals and concourses at Hartsfield-Jackson Atlanta International Airport......»»
China arrested a scammer whose gang made $3 million from selling water as COVID-19 vaccine shots
Kong Mou is accused of selling 58,000 syringes filled with salt water, which he said were coronavirus vaccines, Chinese state media reported. An employee inspects syringes of the vaccine for COVID-19 produced by SinoVac at its factor.....»»
Meanwhile In China, A Bankrupt Solar Firm Just Sold $117 Million In Shares
Meanwhile In China, A Bankrupt Solar Firm Just Sold $117 Million In Shares In what at the time was a historic event, taking advantage of the early signs of retail euphoria, back in June b.....»»
Tesla"s stock swings up after bitcoin purchase disclosure and China regulator summons report
Shares Tesla Inc. seesawed back into positive territory, and was last up 1.7% in premarket trading, after reports about being summoned by Chinese regulators and a disclosure that it bought $1.5 billion worth of bitcoin. The electric vehicle maker also sa.....»»
Judge refuses to toss McDonald’s lawsuit seeking to claw back more than $37 million from fired CEO Steve Easterbrook
A Delaware court on Tuesday denied a request by former McDonald’s CEO Steve Easterbrook to toss out a lawsuit that accuses him of lying about sexual relationships with subordinates and seeks to take back tens of millions of dollars of his sev.....»»
Chinese Self-Drive Startup Uisee Raises $155m
Uisee, a Chinese autonomous mobility startup, has announced a $155 million funding round, as China continues to dominate emerging markets for self-driving and new-energy vehicles (NEVs). In a signal that China’s Communist… The post Chin.....»»
Warren Buffett"s Berkshire Hathaway has scored a 3,000% gain on its BYD investment. Here"s the story of its bet on the Chinese electric-vehicle company.
The famed investor's company spent $232 million in 2008 to secure a stake worth more than $7 billion today. BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car launch. REUTERS/Jason Lee Warren Buffet.....»»
Warren Buffett"s Berkshire Hathaway has scored a 30x gain on its BYD investment. Here"s the story of its bet on the Chinese electric-vehicle company.
The famed investor's company spent $232 million in 2008 to secure a stake worth more than $7 billion today. BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car laun.....»»
Will a little coffee talk mend US-China ties? Xi writes former Starbucks CEO
China President Xi Jinping is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tensi.....»»
New York Stock Exchange reverses course, will not delist Chinese telecoms
The New York Stock Exchange reversed its decision to delist China’s three largest telecommunications companies, after consulting with regulatory authorities about a recent U.S. investment ban......»»
New York Stock Exchange reverses course, will not delist Chinese telecoms: WSJ
The New York Stock Exchange reversed its decision to delist China’s three largest telecommunications companies, after consulting with regulatory authorities about a recent U.S. investment ban......»»