China’s rapidly growing health care industry will consolidate … Its HK$3.3 billion (US$421 million) IPO was 27-times oversubscribed by institutional investors and 654 times by retail investors. The … ( read original story …)
BUSINESS
China’s Lufax Pursues U.S. IPO
Chinese online wealth management firm Lufax is seeking an IPO in the U.S. and list American Depositary Shares on the New York Stock Exchange. ( read original story …)
Brands’ Dazzling China Viewing Events Saw Record-breaking Results
Prada, Fendi, Valentino, Hugo Boss, Dior and Miu Miu’s effort to host events for hundreds of guests to watch the show live in China paid off. ( read original story …)
Luxury Brands Got Creative This Season. Will It Pay Off in China?
The pandemic forced brands to experiment at fashion weeks in Paris, London, Milan and New York. What worked for Chinese consumers and which brands scored highest in the world’s largest luxury market? ( read original…
China Inc. Set for Biggest U.S. IPO Year Since 2014 Despite Spat
Chinese companies are choosing to make their market debuts in the U.S., even as Beijing and Washington spar over everything from trade and coronavirus to audit access. ( read original story …)
China’s Lufax files for US IPO against backdrop of rising tensions
Lufax, one of China’s biggest online lending platforms, has announced plans for a US initial public offering even as the Trump administration pushes ahead with plans to delist companies from the … ( read original…
Thai IPO set to raise $1.5bn as investors look past unrest
Siam Cement Group’s packaging unit is set to raise nearly $1.5bn in an initial public offering, signalling investor confidence in one of Thailand’s industrial champions despite economic woes and … ( read original story …)
Chinese Fintech Company Lufax Plans U.S. IPO
Lufax is planning an initial public offering in the U.S., even as some other Chinese companies are opting to sell stock closer to home. ( read original story …)
Bank of China’s CBDC trials crossed 3 million between April and August
RMB worth of CBDC transactions were conducted between April and August. The Chinese government plans on testing out the CBDC in the upcoming Winter Olympic Games. The Deputy Governor of the People’s … ( read…
Amid increasing US-China tensions, humor is serious business
American Jesse Appell’s comedy is part of a long history of cultural diplomacy between the US and China. Musical performances, art exchanges and sports competitions have all helped to strengthen the … ( read original story…
Crypto For Congress Puts “American-Made” Bitcoin Into The Hands Of Policymakers
An initiative by the Chamber of Digital Congress made $50 BTC contributions to all 535 members of Congress with bitcoin mined in U.S. operations. ( read original story …)
Japan’s Messaging Giant Line Introduces Crypto Lending Services
Line is introducing crypto lending services with five different crypto assets and a new lineup of decentralized applications (dapps). ( read original story …)
China business briefing: Mooove over, Australia
Kazakhstan’s food producers look primed to benefit from China’s increasingly tense relationship with traditional trading partners. This and more in our monthly Chinese business briefing. ( read original story …)
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