Alibaba Group Holding Ltd. is calling off an initial public offering for its Cainiao logistics arm, shelving a much-anticipated debut that could have raised more than $1 billion.
BUSINESS
Alibaba Group Cainiao IPO Update and Share Purchase Offer Conference Call
BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its …
China’s Netclass Technology Files for Smaller U.S. IPO
By Colin Kellaher Chinese online professional-education platform Netclass Technology has revised its planned U.S. initial public offering. The …
Final sanctioned tanker with Russian Sokol oil to reach China port, data shows
The seventh and final tanker carrying Sokol oil and sanctioned by the U.S. will arrive at China’s Tianjin port on Tuesday night to discharge its Russian oil cargo, LSEG and Kpler shipping data showed, …
China’s Jiangsu reports record foreign trade with BRICS members in Jan-Feb
NANJING, March 26 (Xinhua) — Jiangsu Province, an economic powerhouse in east China, saw foreign trade with BRICS nations soar to a record 102.22 billion yuan (about 14.4 billion U.S. dollars) in the …
India Begins Anti-Dumping Probe Into Aluminium Foil Imports From China
India has initiated an anti-dumping probe into the import of aluminium foil, used as a packaging material for conservation and preservation of edible and food products, from China following a …
Why a small China-made EV has global auto execs and politicians on edge
The China-built BYD Seagull, a small all-electric hatchback that starts at less than $10,000, is having a big impact on the global automotive industry.
Xiaomi Introduces Inaugural EV SU7 Sedan, Entering China’s Premium Market to Challenge Tesla and BYD
Xiaomi, known predominantly for its smartphones and consumer electronics, is poised for a significant foray into the electric vehicle (EV) sector with the imminent launch of its maiden EV, the SU7 …
Fall of the Russian car empire: Newbie ‘commanders’ look for China alliance
Taking over operations of global brands that exited Russia post Ukraine invasion may have been easy. Profits, however, are another story.
China jails sports officials convicted of taking bribes
The former president of the Chinese Football Association has been sentenced to life in prison amid a wide-ranging crackdown on sports corruption …
China Yongda Automobiles 2023 Rev CNY72.60B Vs. CNY72.02B >3669.HK
By Jiahui Huang China Yongda Automobiles’ net profit dropped sharply amid intensifying price cuts due to heated competition among carmakers in the …
Mumbai Surpassed Beijing To Become Asia’s Billionaire Capital: In World’s Top Three
Gautam Adani, aged 61, leading the Adani Group energy conglomerate, witnessed a surge in wealth, amounting to USD 33 billion this year.
Maharashtra man ‘tied, assaulted’ in China for refusing to work at call centre running crypto scam
A 23-year-old man from Thane returned from China, alleging he was forcibly detained and assaulted for declining to participate in fraudulent activities at a call centre. Identified as S C Yadav, the …
