Shares of eBay jumped more than six percent on Tuesday as the online retailer and marketplace?announced plans to spin off its PayPal payments business in 2015, a plan that was originally proposed by activist investor Carl Icahn earlier this year. When the deal is completed sometime next year, eBay president and CEO John Donahoe will step down, replaced by eBay Marketplaces president Devin Wenig. Former Amercican Express executive Dan Schulman will join PayPal as president and CEO after the separation.
Several cases have been uncovered this month, including one in the Ningxia Hui autonomous region a week ago, when a district environmental authority used a mist cannon to trick a national air pollution monitoring station's equipment atop a building. But the water turned to ice, creating solid proof of their deception.
Shanghai-based BTC China, one of the largest Chinese bitcoin exchanges, said last Thursday that it would close by the end of the month. It was followed by Huobi and OKCoin, two large Chinese cryptocurrency exchanges, which announced last Friday that they would notify all users to halt trading by Sept 30.
Shanghai and Hong Kong also secured the world's three largest IPOs during the year, according to KPMG. Semiconductor Manufacturing International Corp raised .5 billion on the STAR Market, followed by JD on the Hong Kong bourse with .5 billion and Beijing-Shanghai High Speed Railway Co Ltd in Shanghai with .4 billion.
Several ministries have cracked down on crimes related to the use of fake invoices and export-tax rebate fraud in a special campaign, the State Taxation Administration said on Friday.
Shao Fujun, chairman of China UnionPay and a former PBOC official, said that the potential forms and plans for the CBDC are varied, which are still under discussion. "It will have lots of positive impacts," he said, "including tracking the money flow in economic activities and supporting making monetary policy."
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Shan Jixiang, former director of the Palace Museum who retired last year, had proposed the moving of all parking lots out of the museum compound when he was in office. However, no specific measures have been taken yet in this direction.
Shanghai-based startup Flowerplus provides regular flower delivery services directly to customers' homes. The company said it started to expand its offline channels at the beginning of this year. Its brick-and-mortar stores cover Beijing, Shanghai and Shenzhen.
Shares have been clipped at least 10 percent in recent trading amid fear of new coronavirus infections around the nation, including California, Florida and Texas.
Several severe accidents disclosed recently have attracted public attention and raised widespread concern, making work safety an priority for authorities.