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The volume of venture capital in China for the period from January to October amounted to 93 billion 800 million dollars, making Chinese technology companies world leaders in attracting funding. Their capital exceeded the figure of American companies, which were in second place, by 2 billion 200 million dollars, data from Crunchbase showed. The total volume of venture capital in the world, excluding China, was only 53 billion 400 million dollars, which is almost 2 times less than China's. According to the China Asset Management Association, at the end of 2017, the number of funds in the People's Republic of China increased to about 66,400, more than 8 times. The total amount of their assets increased by the middle of 2018 to 12 trillion 600 billion yuan.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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