Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

 Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion. Sea is best known for its Garena gaming business, which predominantly focuses on PC games but also includes… Read More

China hits back at S&P downgrade

China hit back Friday at the S&P Global Ratings’ downgrade of the country’s sovereign credit rating, with the finance ministry calling it a “wrong decision.”

Investors shrug off S&P’s China credit downgrade, have faith in China’s growth

US investors shrugged off the financial service agency S&P’s decision to downgrade China’s credit ratings, and believed China’s economy would continue to be one of the key drivers of global economic growth.

Investing? Let a robot make the financial decisions

China Guangfa Bank has launched a computerized investment advisory service, aiming to better integrate its business of offline professional wealth management and online artificial intelligent service.

Beijing calls rating a ‘wrong decision’

China’s Ministry of Finance on Friday rebutted S&P Global Ratings’ decision to downgrade the country’s sovereign credit rating, saying it was “a wrong decision” that neglects the nation’s economic fundamentals and development potential.

SECOO trades on Nasdaq after launching IPO

Secoo Holding Ltd, an e-commerce luxury retailer in China, opened for trading on the Nasdaq exchange on Friday after launching its IPO and raising about $140 million.

How to run a token sale

 Seed funding is drying up. Accelerators are scrambling for revenue. Things are changing drastically in the startup ecosystem. So how do you raise money when your product needs more than some Django code and an AWS instance? You run an ICO, right? Read More