Business

Commentary Ant Group, China’s shiniest fintech star, was all set to raise a record-setting $37 billion in an initial public offering—before everything disintegrated in a matter of days. Ant’s IPO blowup shocked all involved parties, except perhaps those within the highest echelons of the Chinese Communist Party (CCP). From the wreckage of Ant’s share sale, we can draw a

After Chinese leader Xi Jinping’s visit to Shenzhen two weeks ago, in which he emphasized the city as an engine to drive up the economy of the Guangdong-Hong Kong-Macau Greater Bay Area, locals have raised concerns to The Epoch Times that factories continue to move out or close down in the industrial zone. Some analysts say this

WASHINGTON—Ant Technology Group launches its initial public offering (IPO) with a record share sale this week amid concern over national security and the company’s involvement in human rights abuses. The company is set to raise about $34.5 billion in its dual public listing in Shanghai and Hong Kong. This would mark the biggest IPO of all time,

WASHINGTON—Ant Technology Group, the parent company of China’s largest digital payment platform Alipay, is set to go public this year, even as the company’s ties to the Chinese Communist Party (CCP) could pose significant risks to U.S. investors. Controlled by billionaire Jack Ma, founder of Alibaba, the Chinese financial technology company is preparing for an initial public

Internal government documents obtained by The Epoch Times suggest that one of the main drivers behind China’s Belt and Road Initiative (BRI, also known as “One Belt, One Road”) is to get rid of the country’s excess industrial capacity by moving them out to participating BRI countries. Under the Banner of International Industrial Capacity Cooperation

Taiwan-based startup HollyGold has accused a mainland Chinese company of stealing its logo to create a copycat firm. The startup company deals with blockchain technology and its goal is to revolutionize the film and television industry with virtual currency, according to its website. HollyGold’s CEO, Dior Wu, claimed that his company’s logo and his own image were

Government documents from Jilin Province of China obtained by The Epoch Times have revealed that the Chinese regime’s Belt and Road Initiative (BRI) projects in Pakistan have encountered setbacks since 2015. China’s Belt and Road Initiative (BRI), formerly known as the “One Belt, One Road,” is Chinese leader Xi Jinping’s signature grand foreign policy project. It aims to recreate

Commentary In an opinion article published in the Frankfurter Allgemeine Zeitung, Isabel Schnabel, member of the executive board of the European Central Bank (ECB), states that governments taking more debt now should not be a concern, and that it would strengthen the central bank independence in the future. She claims that “the decisive fiscal policy intervention in the coronavirus

Commentary The Fifth Plenary Session of the Central Committee of the Chinese Communist Party will be held in late October. During this Session, the CCP has traditionally outlined its social and economic development through its Five-Year Plans. This year will mark its 14th Five-Year Plan. The following is my overall assessment and prediction of this

Commentary The Trump Administration has been curbing market access for certain Chinese companies associated with the Chinese Communist Party regime. Despite escalating tensions between Beijing and Washington, the United States and other foreign investors are providing funds to amplify China’s growth and its apparent economic rebound since the depths of the CCP virus pandemic. While

A new study on China’s real estate market reported by state media paints a bleak picture: 76 of the biggest real estate developers need to repay 2,500 trillion yuan ($367 trillion) in the next 12 months, including 177 trillion yuan ($25.69 trillion) in interest. Such enormous debt has prompted real estate firms to refinance. A

News Analysis China Evergrande, mainland China’s largest property developer by sales volume, has been under pressure lately from investors dumping its stocks and bonds on fears that the company—a bellwether for China’s real estate sector—is in dire financial straits. The developer is highly indebted, and its ongoing troubles could signal upcoming pain for other highly levered Chinese