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Xiaomi Group (01810.HK) spent HK$395.1 million to repurchase 12.8 million Class B shares on April 2.Market news: Air raid sirens sounded in Kyiv and several other regions of Ukraine.Tencent Holdings (00700.HK) spent approximately HK$300 million to repurchase 615,000 shares on April 2.On April 2nd, the State Council Food Safety Office, the State Administration for Market Regulation, and the General Administration of Customs held talks with three e-commerce platforms—Douyin, Taotian, and Xiaohongshu—involved in the illegal marketing of "Yousiyi" health products imported through cross-border e-commerce, as reported by CCTV. The platforms were required to strictly abide by the provisions of the "Anti-Unfair Competition Law of the Peoples Republic of China," the "Consumer Rights Protection Law of the Peoples Republic of China," and the "Food Safety Law of the Peoples Republic of China," to strictly implement their main responsibilities, strengthen the review and vetting of cross-border e-commerce companies on their platforms, enhance the management of goods sold on their platforms, increase efforts to handle negative information, ensure smooth channels for consumer inquiries, complaints, and reports, effectively safeguard the legitimate rights and interests of consumers, and promote the standardized, healthy, and orderly development of the industry.The Afghan Taliban Foreign Ministry believes that diplomatic engagement with Pakistan can provide a practical and lasting solution to the current problems.

Crypto Exchange Binance.US Valued at $4.5 Billion in First External Funding Round

Cory Russell

Apr 07, 2022 10:23


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Binance.US, a cryptocurrency exchange, said on Wednesday that it has secured more than $200 million in a seed fundraising round, valued at $4.5 billion pre-money.


BAM Trading Services, the U.S. partner of Binance, the world's largest crypto exchange by trading volume, launched the firm in 2019. Although there is a license agreement between Binance.US and Binance, the two companies are independent legal organizations.


RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures were among the investors in Binance.first US's external investment round, according to the company.


The cash will be used to invest in its spot trading platform as well as the development of new goods and services, according to the company.


Following Russia's invasion of Ukraine last month, Binance rejected demands for a blanket ban on all Russian users.


The Ukrainian government was irritated by its choice last month to remain in Russia, which was a departure from major financial corporations such as PayPal Holdings Ltd and Visa Inc.


Binance has also been attempting to strengthen ties with the UAE, which is attempting to position itself as the world's new digital asset powerhouse.


Regulators across the world continue to lash out at the crypto business, fearful that a crisis in crypto assets, which are perceived as extremely volatile and opaque, could spill over into the broader financial sector, prompting a worldwide drive for additional regulation.

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