Asia - Spark Newswire

2 minute read

EXCLUSIVE: India Crypto Exchange CEO Says Exorbitant Taxes Will ‘Forcibly’ Drive Investors Overseas

Today, 4:49 AM

Indian cryptocurrency trading platform Unocoin's chief has opposed the government's idea of imposing an additional 28% tax on digital coins, saying the move would drive investors out of the country.

$DOGE

5 minute read

Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors

By The Bamboo Works

Today, 4:49 AM

Key takeaways: • Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

LKNCY

3 minute read

Asia
Markets

New China Accounting Scandal Flies Under the Radar. And Where There’s Smoke …

By The Bamboo Works

Today, 4:49 AM

By Doug Young

LKNCY

5 minute read

Amid Slowing Sales at Home, Innovent Biologics Stumbles Overseas

By The Bamboo Works

Today, 4:49 AM

Key takeaways: Innovent Biologics terminated a plan to sell its bevacizumab biosimilar in North America with a local partner after trials for the drug fell behind schedule The company’s loss tripled last year on growing competition for its core product, whose sales fell 22% in this year’s first-quarter

BGNE

2 minute read

Why Alibaba Stock Looks Poised For Reversal

By Melanie Schaffer

Today, 4:49 AM

Alibaba Group Holdings, Ltd (NYSE: BABA) stock is spiking higher on Friday, in tandem with the S&P 500, which was surging over 2%.

BABA

1 minute read

North Korea Reports COVID-19 Cases Surging To 350,000 From 1 In Single Day Ahead Of Biden Asia Visit

By Navdeep Yadav

Today, 4:49 AM

At least six people have died due to COVID-19, and more than 350,000 are infected in North Korea as an "explosive" coronavirus outbreak takes a toll on the isolated nation, the country's state media KCNA confirmed, according to CNN.

SPY

2 minute read

Alibaba Up 2.8%, Nio Jumps 5.8%: What’s Pushing Hong Kong Markets Higher Today

By Navdeep Yadav

Today, 4:49 AM

Shares of U.S.-listed Chinese companies traded higher in Hong Kong on Friday, after ending the previous session deep in the red.

BABA

3 minute read

Which Chinese Firms Face Delisting From US Stock Exchanges?

Today, 4:49 AM

Geopolitical tensions between China and the US have escalated in recent years amid efforts by both countries to become the world’s economic powerhouse.

ACH