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Complaint and Litigation Head of Shenxi Football club embroiled in online spat with Bank of Shanghai
Chairman of a Chinese professional football club engaged in an online spat with a senior executive of the Bank of Shanghai in recent days. While Xu Guoliang, head of Shanghai Shenxin Football Club, accused Bank of Shanghai's vice president of illegally cashing out millions of yuan from state-owned banks, the bank rebutted on Saturday by accusing Xu of serious default.
M&A Activities Chinese battery giant eyes Aston Martin
Troubled Aston Martin, racing to arrange a multi-milliion pound refinancing, is said to have attracted interest from a Chinese electrical vehicle battery maker.
Decline in Profit BYD new energy vehicle sales down 7.4 pct in 2019
China's leading new energy vehicle (NEV) manufacturer BYD Tuesday said its NEV sales declined 7.39 percent year on year to 229,506 units in 2019.
Market Trends ESG a priority for around 80% of millennial investors
Nearly eight in 10 investors in the millennial generation prioritise socially responsible and impactful investing, according to research conducted by the deVere Group.
Complaint and Litigation BlackRock joins climate action group after ‘greenwash’ criticism
BlackRock is stepping up its efforts to pressure corporate boards on climate change by joining an influential investor group, after the world’s largest fund manager was accused of failing to match rhetoric with action.
Negative Events of Executives Retired CDB Chief Implicated in Alleged Corruption
A former chairman of policy lender China Development Bank (CDB) linked to a secretive business tycoon is now under investigation, in the latest case of China’s years-long campaign against corruption in the financial sector.
M&A Activities Aston Martin Is Said in Last-Ditch Funding Talks With Stroll, Geely
Aston Martin Lagonda Global Holdings Plc is making a last-ditch effort to bring in fresh funding, with billionaire Lawrence Stroll closest to committing to buying a stake in the struggling U.K. luxury-car maker, according to people familiar with the matter.
Strategic Partnership Alibaba, China's 'Father of Hybrid Rice' to Double Farmer Incomes in Inner Mongolia
Alibaba and the team of Chinese agronomist Yuan Longping, who is well known in China as the 'father of hybrid rice,' have agreed to work together to double the income of rice farmers in the country's Inner Mongolia Autonomous Region over the next three years.
Market Trends Green bonds set to keep flying off shelves in 2020
Green bonds are red hot. Issuance smashed through analysts’ projections in 2019 and is set to continue expanding this year as sustainability-minded investors snap up almost every deal that hits the market.
AMI DIGESTS
January22
Coronavirus Spreads to U.S. Sparking Global Rush to Track Cases
Health officials around the world are racing to gauge the danger posed by a new virus that emerged in central China last month and spread rapidly, sickening hundreds and killing at least six.
China Issues First Industry Guidelines for Facial Recognition Payments
As Chinese embrace the use of facial recognition for mobile and offline payments, an industry group issued self-discipline guidelines to prevent related risks. The guidelines, released Monday by the Payment & Clearing Association of China, outline several principles that payment process providers should follow in the use of facial recognition, including user consent and collection of minimal information.
Netflix’s US subscriber growth slows amid heightened sector competition
Netflix added 8.8m subscribers in the final three months of 2019, eclipsing its guidance for 7.6m and analyst forecasts for 7.9m. This was welcome news for the first quarter that the streaming group competed head-on with Disney and Apple, which launched rival services in November.
New Low-Cost iPhone to Enter Mass Production in February
Apple Inc. suppliers plan to begin assembling a new low-cost iPhone in February, people familiar with the plan said, as the company looks to address a wider swath of the global smartphone market ahead of its 5G handsets later this year.
Huawei CEO Dismisses Impact of More U.S. Sanctions
The founder of Chinese telecommunications giant Huawei Technologies shrugged off U.S. sanctions against his company, saying he was confident that Huawei can survive further measures.
Facebook’s Libra loses backing from Vodafone
Vodafone became the latest big tech company to abandon the controversial Libra project, inflicting a fresh blow to the Facebook-led digital currency initiative.
Apple Is Raising TSMC Chip Orders to Meet Strong iPhone Demand
Apple Inc. has asked chipmaking partner Taiwan Semiconductor Manufacturing Co. to increase its output of A-series processors this quarter in order to satisfy higher-than-anticipated iPhone demand, people familiar with the company’s plans said.
Airlines Stocks Plunge as Viral Pneumonia Outbreak Spreads
A number of Chinese airlines have seen a drop in their stock price amid public concerns over the outbreak of a new virus in China's central city of Wuhan, which has led to four deaths.
Uber sells Indian food delivery business to local rival Zomato
Uber has agreed to sell its food delivery business in India to Alibaba-backed Zomato, marking the latest retreat by the US ride-hailing group in exchange for taking a minority stake in a local rival.

China’s lending sector under pressure due to crackdown on data crawling

A recent crackdown on predatory lending and illegal data use practices has shown the extent to which smaller lenders rely on the credit risk management services based on alternative data.

MioTech Team

China’s lending sector under pressure due to crackdown on data crawling

MioTech Team

A recent crackdown on predatory lending and illegal data use practices has shown the extent to which smaller lenders rely on the credit risk management services based on alternative data.

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