What happened: RedotPay, which reached unicorn status last year, is in discussions to raise up to $150 million in fresh funding, Bloomberg reported.
Cross-source context: Bloomberg highlights redotPay, a Hong Kong startup in the stablecoin payments space, is contending with executive turnover and sensitivities around its connections to mainland China as it seeks... SCMP highlights the wealth management businesses of Chinese investment banks in Hong Kong are growing faster than those of international rivals, as a buoyant initial public offering (IPO)... “Chinese investment banks are seeing accelerated growth … because [their] base is smaller and the current market environment... SCMP highlights hSBC Holdings plans to raise US$2.5 billion by issuing two tranches of additional tier-1 (AT1) bonds, marking the reopening of such offerings after the US and... The biggest lender in Hong Kong and Europe by assets said in a stock exchange filing before the...
What to watch next: movement around bloomberg, redotpay.
