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On January 22nd, CICC issued a report stating that Skyworth Group (00751.HK) announced the day before that it plans to distribute all of its Skyworth Solar shares to all shareholders. Skyworth Solar will be listed on the Main Board of the Hong Kong Stock Exchange by way of introduction. This process does not involve a public offering of new shares, and a share buyback will be conducted to achieve privatization. CICC maintained its 2025 and 2026 earnings forecasts largely unchanged, and introduced a 2027 earnings forecast of RMB 918 million for the first time. Considering the companys proposed spin-off listing, the intrinsic value of its new energy business is expected to be fully reflected. CICC raised its target price by 100% to HKD 8, corresponding to a P/E ratio of 17x and 15x for 2026 and 2027 respectively. The rating is "Outperform".LG Energy Solutions shares rose 5.8% as Teslas stock price surged, driving a rebound in South Korean battery stocks.Samsung SDI shares rose 16% to 376,000 won.January 22nd - The 2026 National Tobacco Work Conference was held in Beijing from January 18th to 19th. Regarding the work for 2026, Li Lecheng emphasized the need to prioritize the stable operation of the tobacco economy, placing it as a priority, promoting cost reduction and efficiency improvement across the entire industry chain, and accelerating the cultivation of new economic growth points; to focus on developing new quality productivity, actively integrating into the national innovation system and the layout of international science and technology innovation centers, and promoting the deep integration of technological and industrial innovation; and to focus on building a strong and high-quality modern tobacco industry system, accelerating the optimization and upgrading of the industrial structure. He also stressed the importance of strengthening market supervision, cracking down on tobacco-related illegal activities across the entire chain, and improving the regulatory effectiveness of e-cigarettes and various new tobacco-related products.On January 22, Zhijie Auto announced that its Zhijie R7 pure electric Ultra version achieved the lowest drag coefficient among mass-produced SUVs in the industry, with a measured drag coefficient of 0.217Cd at 120km/h and 23℃ in a professional wind tunnel test conducted by the China Automotive Technology and Research Center.

Crypto.com Expands Services With Shopify Offering 0 Transaction Fees

Skylar Shaw

May 18, 2022 09:45

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Crypto.com, one of the world's most well-known cryptocurrency exchanges, announced today that Shopify merchants may now accept cryptocurrency payments with Crypto.com Pay.

Crypto.com Extends Its Merchant Network

Shopify merchants will be able to tap into the market of clients who choose to pay in cryptocurrency, as well as provide chances for existing users who want to take use of this feature.


To further encourage Shopify retailers, Crypto.com is offering to eliminate the 0.5 percent settlement charge on all transactions for the first month following integration. Crypto.com will be able to spread its payment services to additional Shopify customers as a result of this.


Crypto.com now allows customers to make payments anywhere in the globe with no transaction fees, and it also encourages people to utilize its native currency, Cronos, with its payment platform. Users that purchase with Cronos on Crypto.com earn a substantial amount of crypto-cashback, which may reach 10% during specific times.


Users of Crypto.com will soon be able to pay Shopify merchants in 20 different cryptocurrencies, ranging from Bitcoin to Apecoin, as well as Ethereum, Cronos, Dogecoin, and Shiba Inu.


"Providing more consumers and merchants the chance to participate in commerce using cryptocurrencies is a goal for Crypto.com," said Kris Marszalek, Co-founder and Chief Executive Officer (CEO) of Crypto.com. We're ecstatic to be integrating with Shopify and bringing this functionality to even more consumers and businesses across the globe."

Crypto.com Expands Its Collaborations

With brand champions like Matt Damon, Crypto.com's strongest strength is marketing and advertising. As a result, the exchange is expanding to reach a larger audience.


The most recent move in that plan was Crypto.com's five-year collaboration with the Australian Football League, which saw it become the official cryptocurrency exchange and trading platform for both the AFL and the AFLW.


While it shines in terms of growth, it may struggle in terms of investor recovery as Cronos shareholders attempt to recover from the disastrous May 9 catastrophe.


CRO is up 16.64 percent this week, but it will be difficult for the cryptocurrency to recover from the 43.35 percent price drop experienced during the meltdown.

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