Chinese ride-hailing service Didi says it lost $5.5 billion over the past three years, but ahead of its U.S. stock market debut on Wednesday it is highlighting its global reach and investments in deve …
Monthly Archives For June 2021
Chip shortages hit factories in China and Japan, as UK car orders delayed – business live
The global shortage of semiconductors is hurting factory growth across Asia, and feeding through to delays in car deliveries into the UK. Growth at China’s factories has fallen to a four-month low …
SoftBank-backed Chinese grocery delivery company clings to gains after slashing IPO size
BEIJING — Chinese grocery delivery company Dingdong closed 2 cents higher in its U.S. IPO Tuesday, following a 70% cut in the offering size. The lackluster performance comes amid a surge in Chinese …
Exclusive: ChemChina seeks to raise US$10 billion from Syngenta IPO – sources
ChemChina, the owner of Syngenta Group, is aiming to raise around 65 billion yuan (US$10 billion) from an IPO for the Swiss agrichemical giant on …
China’s Didi raises $4.4 bln in upsized US IPO -sources
Chinese ride hailing company Didi Global Inc raised $4.4 billion in its U.S IPO on Tuesday, pricing it at the top of its indicated range and increasing the number of shares sold, according to two…
Exclusive: ChemChina Seeks to Raise $10 Billion From Syngenta IPO – Sources
ChemChina, the owner of Syngenta Group, is aiming to raise around 65 billion yuan ($10 billion) from an IPO for the Swiss agrichemical giant on Shanghai’s STAR Market, sources familiar with matter …
Missfresh tumble is just a blip for China ADS IPOs
An exciting rebound in the flow of China-into-US listings took an unexpected hit last week when online grocery start-up, Missfresh, plummeted on the first day of trading. While worrying, investors are …
Shenzhen tamps down wages with eye on China’s manufacturing exodus
The Chinese city of Shenzhen will overhaul its rules on worker pay for the first time in 17 years, looking to curb surging labor costs and stem the exodus of companies to cheaper markets in…
Shenzhen-based milk tea firm Nayuki declines on Hong Kong debut amid concerns about outlook, high pricing
Nayuki Holdings, the world’s first listed milk tea chain, opened 4.8 per cent lower on its Hong Kong debut, on concerns about its earnings outlook and relatively high pricing. The Shenzhen-based …
China’s Economy Flashes Hints of Weakness
Expansion in the factory sector slowed in June, while the services sector softened as Covid-19 outbreaks dampened consumer sentiment.
World Bank raises China’s growth outlook to 8.5%
The World Bank raised its forecast of China’s economic growth this year to 8.5 from 8.1 per cent and said Tuesday that a full recovery requires progress in vaccinations against the novel coronavirus.
AIA acquires US$1.86 billion stake in life insurance arm of China Post Group as it expands presence in the mainland
Hong Kong’s biggest publicly traded life insurer will buy a 24.99 per cent stake in China Post Life Insurance as it expands its presence in the mainland.
Asian shares rise, moving past weaker China factory data and COVID-19 worries
Shares were mostly higher in Asia on Wednesday despite new data showing factory activity slowed this month as virus outbreaks disrupted shipping at some Chinese ports. Markets advanced in Tokyo, …
