Beijing Kunlun Tech Co. is planning an initial public offering for the world’s largest gay social networking app. Grindr — a wholly owned unit of the Chinese internet gaming firm — will list … (…
Monthly Archives For August 2018
Chinese owner of dating app Grindr plans IPO
The Chinese owners of gay dating app Grindr are planning to take the company public. In a filing on the Shenzhen stock exchange by online games company Beijing Kunlun Tech, the ultimate owners of Grin……
China Banks Managing $16 Trillion Can’t Stop Talking About Risk
Bank of China Ltd. said it achieved “new breakthroughs in risk mitigation,” while China Construction Bank Corp. touted its “stringent risk management.” Industrial & Commercial Bank of China Ltd., the … ( read original story…
Grindr’s Chinese Owner Plans Overseas IPO for the Gay Dating App
Beijing Kunlun Tech Co. is planning an initial public offering for the world’s largest gay social networking app. Grindr — a wholly owned unit of the Chinese internet gaming firm — will list oversea… (…
China Payment-Services Firm YeePay Is Said to Plan Hong Kong IPO
The Beijing-based company is working with advisers on the possible stock offering, said the people, who asked not to be identified because the details are private. It aims to list shares next year, ac… (…
Despite tensions, China says navy chief plans to visit U.S. next month
BEIJING (Reuters) – China’s defense ministry said on Thursday that navy chief Shen Jinlong plans to visit the United States in September, despite an escalating trade row that threatens to spill into o… ( read…
Chinese property developers opt to ‘wait and see’ as failed land auctions climb
HONG KONG (Reuters) – Last year China’s more aggressive property developers were willing to pay whatever it took to secure land banks, but today China is seeing a surge in failed land auctions. ( read…
China’s big banks post firm results, see trade tension risks
Agricultural Bank of China (AgBank) (01288.HK, 601288.CN), the country’s third-largest lender, expects its asset quality to stabilize in the second half, but said it has increased provisions as trade … ( read original story …)
Trade tensions cast shadow even as China’s big banks bag more profits
BEIJING (Reuters) – Agricultural Bank of China (AgBank), the country’s third-largest lender, expects its asset quality to stabilize in the second half, but said it had increased provisions as … ( read original story …)
Behind the gains for China’s big banks lurks the spectre of pain
At first glance, investors in China’s big banks should be breaking out the champagne. Tighter liquidity has boosted margins at three of the big four, with a crackdown on shadow banking forcing borrowe… ( read…
China Mobile to be given special task in 5G deployment
China is leading the race to deploy 5G, the next generation of mobile technology, with the government planning to launch a trial service by the end of this year. Market watchers expect Beijing to anno……
China Mobile (CHL) vs. PLDT (PHI) Head to Head Review
China Mobile has higher revenue and earnings than PLDT. PLDT is trading at a lower price-to-earnings ratio than China Mobile, indicating that it is currently the more affordable of the two stocks. Ins… ( read…
Private Banks Are Starting to Breach the Wall Around China’s Wealthy
It’s hard to put numbers on the vast private banking opportunity in China, but here are some: $29 trillion in household wealth and $15 trillion in the asset management industry. Perhaps the most cruci… (…