Baidu’s headquarters is seen in Beijing. Baidu accounted for 44.5% of mobile search … Sogou, whose name means “search dog,” plans to sell about 10% of its shares in an IPO that will probably be…
Monthly Archives For January 2017
China’s Sogou Targets $5 Billion IPO to Chase Rival Baidu
China’s third-biggest search engine expects to hold a U.S. initial public offering at a valuation of as much as $5 billion as it raises cash to close the gap with leader Baidu Inc. in the…
Sogou in search of US$5 billion from an IPO as it chases bruised rival Baidu
While Baidu remains the biggest provider across all platforms in China, it’s under siege after a scandal over medical advertising as smaller rivals including Sogou and Qihoo 360 Technology win mobile users. Wang plans to…
3 Reasons China Stocks Can Rise 40% in 2017
Turbulent conditions in China’s domestic bond market, with issuance cancellations and a back up in yields, were in our view the main drivers of this change …” The analysts note that regulators accelerated the IPO…
PwC sees rising IPOs in Shanghai and Shenzhen
PwC said there has been a spurt in the number of IPOs since August, as the China Securities Regulatory Commission moved to accelerate the pace of listings. “Due to global instability and IPO suspension and…
PwC: Hong Kong will have the most IPOs in 2017
Alibaba owns the South China Morning Post. Alibaba chose to list its shares in New York in 2014, in a world record-breaking US$25 billion IPO. The choice of New York followed Hong Kong’s refusal to…
Trump’s SEC Nominee Was Alibaba IPO Advisor
Alibaba shares are up 1.6% this afternoon, while the iShares China Large-Cap exchange-traded fund (FXI) is up 1.2%.Trump’s suggested SEC appointee, Jay Clayton, is a partner with New York law firm Sullivan & Cromwell, which…
Asia-Pacific IPO market to rebound from weak 2016 on China financial deals
HONG KONG Dec 30 Share sales in Asia ex-Japan are set to rebound in 2017 from three-year lows this year, driven by listings of financial firms in Greater China, including the world’s biggest fintech IPO,…
China Tower IPO, investment from internet giants may boost mainland telecoms expansion
A highly anticipated initial public offering and potential investment from mainland internet giants could give a boost to China’s telecommunications industry next year, driving the efforts of its three incumbent network operators to step up…
China factory activity rises to near four-year high
China’s factory activity picked up more than expected in December as demand accelerated, with output reaching a near six-year high, a private business survey showed on Tuesday, giving the manufacturing sector a solid boost heading…
China tells Donald Trump to lay off Twitter
(CNN)China has slammed US President-elect Donald Trump over his use of Twitter to conduct international diplomacy in a commentary published by the country’s official news agency Xinhua. Trump has earned a reputation for making unpredictable…
Attacker sneaks into school, stabs 11 children in China
BEIJING — Local authorities in southern China say an attacker has stabbed 11 children at a kindergarten, and five of them are seriously injured. A statement from the Pingxiang city government’s information office Wednesday said…
China data to show economy gained momentum heading into 2017 but risks abound
SHANGHAI (Reuters) – A raft of data from China in coming weeks is expected to show the world’s second-largest economy carried solid momentum into 2017, thanks to heavy government stimulus and a construction boom that…
