China

From Tiger to Temasek, investors scarred by China edtech assault | Bloomberg

China is contemplating asking edtech startups to go non-profit, doubtlessly wiping out an enormous chunk of the billions that non-public fairness and enterprise capital funds have staked on a as soon as red-hot sector.

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China confirms for-profit tutoring in core school subjects is barred – Xinhua | Reuters

China is barring current core faculty topic tutoring establishments from making revenue, a report within the official Xinhua information company mentioned on Saturday.

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Uber’s stake in Didi shrank by $2 billion this week amid China crackdown on US listings |

www.cnbc.com | Didi’s market cap plunge this week had an outsized affect on Uber, which owns a couple of 12% stake within the Chinese language ride-hailing firm. The worth of Uber’s shares plunged by over $2 billion and its stake is now down by half since simply after Didi’s IPO final …

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Hong Kong's digital currency: the beginning of the end for cash? | South China Morning Post

With the rising curiosity in digital foreign money for native retail functions, the Hong Kong Financial Authority (HKMA) is finding out the feasibility of an e-Hong Kong greenback, which might be an digital model of a bodily banknote What’s the function of this partial transition to digital foreign money?

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