Quhuo intends to raise $35 million in a U.S. IPO. The firm provides staffing for delivery services to major companies in China. QH has grown quickly and is appr … ( read original story …)
BUSINESS
IPO Preview: Quhuo Seeks $35 Million U.S. IPO Investment
Quhuo Limited (QH) intends to raise $35 million in an IPO of its ADSs representing underlying Class A shares, according to an F-1 registration statement. The firm operates as a workforce staffing … ( read…
Hong Kong IPOs sizzle despite chaos surrounding the territory’s future
While Hong Kong’s future may be plagued by mainland China’s seemingly increasing disregard for the territory’s independence and the resumption of pro-democracy protests, signs point to it remaining an … ( read original story …)
European companies in China say doing business is more political
The incident is illustrative of a broader problem that foreign companies face when doing business in China: The need to bend to Beijing’s political will in order to retain market access. Other recent … (…
European companies are walking a political tightrope to do business in China
Even small changes in China have global effects. In an increasingly tense geopolitical environment—with a massive economic slowdown tied to the spread of a virus that appears to have originated in … ( read original…
Crypto Exchange Binance to Launch Quarterly Bitcoin Futures
Binance Holdings Ltd., the top spot cryptocurrency exchange by trading volume, is adding to its suite of derivatives products with quarterly Bitcoin futures. ( read original story …)
China auto sales up 14.5% in May, recovering after pandemic
China’s auto sales surged 14.5% in May, a second straight month of growth as the global industry’s biggest market gradually recovers from the coronavirus … ( read original story …)
Chinese Smartphone Brands in India Turn to Expensive Imports as Plants Struggle: Sources
The move is a costly one as the world’s second-largest smartphone market imposes steep tariffs on imports of devices and components – part of Prime Minister Narendra Modi’s push to boost manufacturing … ( read…
China auto sales up for second straight month after almost two-year slump
China’s auto sales in May rose 14.5% from the same month a year earlier, industry data showed on Thursday, the second consecutive month of increase as the world’s biggest vehicle market recovers from … (…
With JD Listing, China Banks Set to Displace Western Rivals in League Table
JD.com Inc.’s $3.9 billion Hong Kong listing is set to give several Chinese banks a boost in league table rankings, displacing from the top 10 some of their international peers that usually dominate … (…
China blue-chip index flat but small-caps rise; Hong Kong down on growth worries
China’s blue-chip share index was little changed on Thursday, but start-up board ChiNext continued its uptrend on reform hopes. Hong Kong stocks fell on a downbeat economic outlook from the U.S. ( read original story…
U.S. pressure could accelerate growth for markets in Greater China
While U.S. authorities put pressure on Chinese assets, investors remain intent on chasing opportunities in the world’s second-largest economy. ( read original story …)
China top-3 handset ODMs receiving less orders from 4 major brands in 2020, says Digitimes Research
China’s top-three handset ODMs – the Wingtech Group, Huaqin Telecom Technology and Longcheer – are expected to ship a total of 183 million ODM models to the world’s four major brand vendors in 2020, ……
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