Tag: hong-kong
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HSBC’s stablecoin has reached an app with 3.3 million users, and nobody has said how many will switch it on
RedCoin is the first Hong Kong stablecoin to land in a mass-market wallet, but the claim that it is fully backed is HSBC’s own.
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Alibaba raised $10.2 billion for AI and its stock fell 8% anyway
The placement is Hong Kong’s largest primary share sale on record, and the market read the dilution as confirmation that Alibaba’s AI spending is…