9 h. ago Missouri Reveals Which Chinese Assets It Will Target in $50B Row

Missouri Reveals Which Chinese Assets It Will Target in $50B Row  Newsweek

Events

9 d. ago China’s Fosun Pharma unit strikes US$2.1 billion obesity drug deal with Pfizer

US pharmaceutical behemoth Pfizer has agreed to pay up to US$2.1 billion to Shanghai-based Fosun Pharma’s unit Yao Pharma for an experimental oral obesity drug, underscoring the growing trend of Chinese drug makers selling early-stage assets to global multinationals. Under the licensing agreement, Yao Pharma would grant Pfizer an exclusive worldwide licence for the development, use, manufacturing and commercialisation of oral small-molecule drugs known as GLP-1 receptor agonists, including...

Economics

1 week ago With Chinese Assets in Hand, Pharma Is Wondering What Else Can Be Learned

With Chinese Assets in Hand, Pharma Is Wondering What Else Can Be Learned  BioSpace

Politics

1 week ago Chinese industry bodies issue RWA tokenisation warning amid Beijing’s crackdown

Mainland Chinese industry associations have issued a joint warning to real-world asset (RWA) tokenisation providers after Beijing turned on the screws, dashing hopes that Beijing might ease restrictions on digital-asset activities amid competition with the US. Tokenising real-world assets involves multiple risks such as fake assets, business failure and speculative trading, and Chinese authorities had not approved any such activities, seven industry bodies, including the National Internet...

Events

2 w. ago Does tokenisation in China risk a repeat of the P2P lending crisis?

The rapid rise of tokenisation risks repeating China’s earlier boom-and-bust cycle in peer-to-peer lending unless clear industry standards are established to ensure discipline and innovation, according to a senior Chinese asset manager. Some multilevel marketing companies in mainland China have already started holding meetings discussing real-world asset (RWA) tokenisation projects over the past year, raising “genuine concerns” that the nascent industry might be heading towards a...

Events

3 w. ago TikTok names former Boeing executive as US public policy chief

TikTok said Tuesday it had named former Boeing government affairs chief Ziad Ojakli as the short video app’s head of public policy for the Americas as it works to complete a deal to separate its US assets from its parent company. The move comes as TikTok’s Chinese owner ByteDance is working to sell about an 80 per cent stake in its US assets to a consortium of US and global investors to meet the national security requirements set out in a 2024 law. President Donald Trump signed an executive...

Events

last month Missouri wants to seize Chinese assets to recover $24 billion judgment in COVID case

Missouri wants to seize Chinese assets to recover $24 billion judgment in COVID case  Missouri Independent

Economics

last month Chinese crypto founders shelve US$500 million ether digital asset treasury plan

Some of China’s cryptocurrency heavyweights have called off a US$500 million ether digital asset treasury (DAT) project, as the broader crypto market remains in a slump, according to people familiar with the matter. The project was initiated earlier this year by Huobi founder Leon Li Lin, HashKey Group chairman and CEO Xiao Feng, Meitu co-founder Mike Cai Wensheng and Fenbushi Capital founder Bo Shen, who aimed to raise US$500 million to launch a DAT firm that would invest in the world’s...

Economics