China Literature’s Hong Kong coming-out party bodes well for future listings. The Tencent unit priced 151 million shares at HK$55 apiece after drawing orders for more than 600 times the stock available to individuals in…
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Tencent Book Unit Begins New Chapter With Massive IPO
Based on an incomplete survey of eight brokerages in Hong Kong, the retail offering portion of China Literature Ltd.’s Hong Kong IPO is likely oversubscribed about 420 times. As the book closed midday Tuesday, those…
Four Seasons Education Seeks $101 Million In U.S. IPO
Four Seasons Education has proposed terms for a $101 million U.S. IPO. The firm operates as a proprietary math education service in China, primarily focused on the greater Shanghai region. Four Seasons has similar growth…
Letv ‘not involved’ in ChiNext probe of IPO fraud: source
A recent probe into former members of the IPO examination panel of the ChiNext stock market, a NASDAQ-style board, has nothing to do with Beijing-based Leshi Information Technology Co (Letv), domestic news site thepaper.cn reported…
United States Cellular Corporation (USM) and China Mobile (Hong Kong) (CHL) Critical Review
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range…
China Biologic Reports Unaudited Financial Results for the Third Quarter of 2017
–3Q17 Total Sales Up 15.1% YoY and Non-GAAP Adjusted Net Income Up 14.8% YoY in RMB terms, or Total Sales Up 15.1% YoY to $99.6 Million and Net Income Up 11.2% YoY to $31.6 Million…
‘It’s a disaster’ Trump brands US-China trade deficit ‘embarrassing’ ahead of Asia visit
The President also described the trade gap as “horrible” and told Cabinet officials today every trade deal America is involved in is “disastrous”. Mr Trump is set to embark on a 12-day tour to Asia…
China Shifts Course, Predicting ‘Minsky Moment’ in Global Financial Instability
In the past year, the U.S. and global “real” economies have enjoyed a moderate recovery. Much of that has been due to China stimulating its economy to ensure real growth in anticipation of the Communist…
Beijing seen poised for fresh South China Sea assertiveness
HONG KONG/BEIJING (Reuters) – China has quietly undertaken more construction and reclamation in the South China Sea, recent satellite images show, and is likely to more powerfully reassert its claims over the waterway soon, regional…
Beijing police detain 54 touts for selling US$300 hospital appointments
Police in Beijing recently detained 54 people suspected of selling hospital appointments to waiting patients for up to 2,000 yuan (US$300) apiece, state media reported. The move followed a two-month investigation into six groups of…
Beijing and neighbouring region to set up anti-smog agency
The smog prone northern Chinese region of Beijing, Tianjin and Hebei province will set up a joint environmental protection agency in an effort to coordinate the area’s war on pollution, the official China Securities Journal…
Beijing – the king of renao
Having just ordered a little after-dinner snack serving of dumplings from the local restaurant, I sit on one of the small, flimsy chairs and wait for them to be freshly prepared. The scene here tonight…
Beijing warns US against trying to contain China’s rise
China has fired back at the Trump administration’s plans for a new “Indo Pacific” strategy to counter Beijing’s growing economic and security hold on the region, warning that the world’s two biggest powers should not…
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