China’s Ant Group was named for the small insect because it serves “the little guys.” Now, its IPO could overtake the world’s most established banks. ( read original story …)
BUSINESS
UniCredit signs business cooperation deal with China’s ICBC
Italy’s second-biggest bank UniCredit has signed an agreement with Industrial and Commercial Bank of China (ICBC) to increase business cooperation and services to clients, it said on Thursday. “The … ( read original story …)
Frozen OKEx Crypto Traders Can Cash Out, But Would Pay a Price
Read more: Chinese Police Probe Halts Withdrawals at Crypto Giant OKEx Hours later … it has been informed Xu is under investigation by public security authorities in China. OKG said it hasn’t … ( read…
China ready to extend IPO reform throughout capital market: regulator
which runs from Oct. 21 to 23 in Beijing. Since 2019, the country has stepped up IPO reform, piloting a registration-based system on the Shanghai Stock Exchange’s sci-tech innovation board and the … ( read…
Breakingviews – Cox: China addiction looms as big corporate risk
Nice business you have got here, it would be a shame if something happened to it.” What sounds like a bad line from a mafia television sketch is pretty much the dilemma facing Western multinationals…
Blockchain allowed 17 million people to travel between Guangdong, Macau amid coronavirus pandemic
Macau and China’s southern Guangdong province have a mutually recognised health code system powered by blockchain that allows both sides to validate the health status of travellers without directly … ( read original story …)
Ant Group IPO gets the green light from regulators for its blockbuster listing
Ant Group — the crown jewel of billionaire Jack Ma’s tech empire — is one step closer to its highly anticipated market IPO in Shanghai and Hong Kong. ( read original story …)
Direct sales model opens opportunities for Chinese brands
Chinese consumer-facing brands are trying to cut reliance on Taobao and Amazon. Direct sales are an alternative to reliance on platforms. ( read original story …)
Exclusive: Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources say
HONG KONG (Reuters) – China’s top ride-hailing firm Didi Chuxing is considering … 0700.HK>, has started initial talks with investment banks for the long-awaited IPO, according to three people. It’s … ( read original story…
Listing by China’s biggest investment bank, first flotation of Chinese depositary receipts in Shanghai set stage for Ant dual IPO
All eyes are on Shanghai, where four out of five initial public offerings are due this week in China, including the country’s very first sale of Chinese depositary receipts. ( read original story …)
Jack Ma’s Ant Group to launch $48b IPO after final nod from China regulator
The fintech group aims to split the share offering evenly between Hong Kong and Shanghai.. Read more at straitstimes.com. ( read original story …)
Ant Group to launch $35bn IPO after clinching regulatory approval
The fintech firm, backed by e-commerce giant Alibaba, plans to list both in Hong Kong and Shanghai in the coming weeks. ( read original story …)
Ant Group to launch $35 billion IPO after final nod from China regulator
BEIJING/HONG KONG (Reuters … surpassing the record set by Saudi Aramco’s $29.4 billion float last December. The IPO would also be the first simultaneous listing in Hong Kong and on the year-old STAR … (…
