The 2008 Beijing Summer Olympics opening ceremonies began at 8 p.m … which is down 8% over that period. Ant’s IPO was expected to attract investors from all over the world and that’s borne out…
BUSINESS
China to sanction Lockheed, Boeing and Raytheon over Taiwan arms sale
Chinese officials said Monday they would sanction three D.C.-area defense and commercial air contractors over a proposed sale of $1.8 billion in missile and reconnaissance technology to Taiwan. ( read original story …)
China Sets Its Sights On Global EV Dominance
The world’s largest automotive market, China, is looking to become a dominant player in the rising global electric vehicle market. Chinese EV manufacturers are expected to start expanding … ( read original story …)
China Brokers Challenge Goldman With Best IPO Ranking in Decades
Chinese brokerages are having a bumper year for equity dealmaking, with Ant Group’s multi-billion-dollar initial public offering poised to boost their showing in the global ranking to the best in at … ( read original…
China’s fintech giant, Ant Financial, unveils world’s largest IPO
The company will raise more than $34 billion in Hong Kong and Shanghai, topping the $29 billion IPO of Saudi Aramco last year. ( read original story …)
Sandro owner SMCP eyes bigger China push, marketing investments
SMCP, the fashion group behind brands including Sandro, said on Monday it would ramp up spending on advertising and focus store openings mainly on the Chinese market, pausing efforts elsewhere after … ( read original…
Ant Group raises $34 billion in world’s largest IPO
Jack Ma’s Ant Group has just pulled off the biggest share sale in history, marking a huge win for the Chinese tech champion and the country’s stock market. ( read original story …)
There are already counterfeit wallets of China’s digital yuan
China’s digital yuan is still in its infancy … such as banks because all transactions are indelibly stored on a blockchain, or a digital ledger, offering a decentralized way to prevent … ( read original…
Made in China
Excerpted from Blockchain Chicken Farm: And Other Stories of Tech in China’s Countryside by Xiaowei Wang. Published by FSG Originals x Logic, Farrar, Straus and Giroux. On the windowsill of … ( read original story…
Xiabuxiabu Catering: Leading Hotpot Restaurant Operator In China
The flagship Xiabuxiabu brand could potentially be a beneficiary of changing consumption trends in the short term, while store format upgrading and potential franchising are the medium-term growth … ( read original story …)
China to sanction U.S. weapons companies over $1.8 billion proposed arms sale to Taiwan
China is gearing up to slap sanctions on several U.S. weapons manufacturers for their role in a new weapons sale to Taiwan. ( read original story …)
China’s Ant Group to Raise $34 Billion in Record IPO
Ant Group’s long-awaited initial public offering could raise roughly $34.4 billion when the company goes public next week. The IPO will take place on both the Hong Kong stock exchange and the Shanghai … (…
China Market Update: Ant Group’s Term Sheet Released
Hong Kong traders might have enjoyed a nice three-day weekend, but that is not the case for Hong Kong investment bankers as the big news overnight is the release of Ant Group’s IPO term sheets…
