Byju could close the pre-IPO fundraising in a few weeks at a valuation of about $21 billion, said one of the people, asking not to be named because the details are private …
BUSINESS
Kunshan Guoli Electronic Technology’s IPO to debut on SSE STAR Market
Kunshan Guoli Electronic Technology (688103) to start trading on the Shanghai Stock Exchange’s STAR Market Sep 10, tomorrow. The firm has issued 23.89 mln shares priced at RMB 12.04 per share raising …
How Joseph Lubin became Wall Street’s crypto whisperer
In the summer of 2016, a group of central bankers from the American Federal Reserve left their Wall Street branch office, crossed the East River and headed to Bushwick. Their destination was a …
SenseTime IPO success rests on overseas investors
Artificial intelligence has delivered as much in controversy as it has for investors. Nowhere does that hold truer than for China’s AI “dragons”, the largest of which, SenseTime, is now seeking a Hong …
Walmart Rethinks Its China ‘Hypermarket’ Strategy Amid Alibaba Gains
A quarter century after it entered China and transformed the way people shop for groceries, Walmart is at a crossroads. It’s fallen from No. 2 in 2011 to fourth in China’s hypermarket sector, with no…
Retail Digs A Hole To China – Concerning Some Investors And Economists
Pundits say the two-thirds of our USA GDP is related to consumer spending, but what if our retail shelves were barren in Q4 and beyond? Are we pushing too hard against China?
Everlane Exits China Market
The brand becomes to second US retailer to exit China in recent weeks, following Urban Outfitters’ decision to close its Tmall store in late August. Neither brand had any physical retail footprint in …
Chip Wars: Here’s how China’s SMIC plans to challenge Taiwan’s TSMC
SMIC is the best hope for China for gaining clout in advanced chips used in devices from smartphones to base stations.
China Goes Monopoly-Busting for Fair Competition
Nonetheless, China’s new anti-monopoly measures are intended to protect fair business competition and to keep the economy prosperous for all, not just the few. President Xi, the State Council (China’s …
Byju’s in talks to raise up to $600 million ahead of IPO next year
India’s most valuable startup, the online education provider Byju’s, is in talks to raise between $400 million to $600 million and then accelerate plans for an initial public offering next year, …
Byju’s to accelerate IPO plans as India tech booms
Byju’s has prominent global investors including Facebook founder Mark Zuckerberg’s Chan-Zuckerberg Initiative, Naspers Ltd., Tiger Global Management and private equity giant Silver Lake Management …
China to launch pilot programs on business environment to better benefit firms and individuals
China will roll out pilot programs on the business environment in several selected cities in support of local reform effort in better benefitting firms and individuals, the State Council’s executive …
Carbon neutral goal: China may use blockchain in nation’s green power trading pilot plan as transactions kick off
China has launched a pilot trading scheme for renewable electricity to allow carbon dioxide emitters to partly offset their footprint through direct purchases of green power from generators, with …
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