Is Hermès ’ blockbuster reopening in China a barometer of things to come in post-pandemic luxury shopping? The French heritage brand’s Guangzhou flagship store reportedly achieved $2.7 million in … ( read original story …)
BUSINESS
As world turns to China for PPE, U.S. buyers risk knock-offs and price gouging
Aubrey Layne, Virginia’s secretary of finance, is responsible for purchasing his state’s supply of PPE, and he’s turning to China. “We need the masks, the respirators, all the gowns, the gloves,” … ( read original…
RENAULT: Groupe Renault sets its new Strategy for China
Groupe Renault will focus in China on light commercial vehicles (LCV) and electric vehicles (EV). Groupe Renault will transfer its shares in Dongfeng Renault Automotive Company Ltd (DRAC) to Dongfeng … ( read original story…
BRIEF-Beijing Wantai Biological Pharmacy Sets Pricing For Shanghai IPO
BEIJING WANTAI BIOLOGICAL PHARMACY ENTERPRISE CO LTD * SAYS IT AIMS TO RAISE UP TO 381.5 MILLION YUAN ($54.11 million) IN INITIAL SHANGHAI SHARE OFFERING Sour … ( read original story …)
WiMi’s IPO: The Future of AR in China looks good
WiMi Hologram Cloud Inc. (NASDAQ:WIMI) a Chinese producer of augmented reality (AR) content for advertisers and entertainers, has released further details about its planned IPO. The company had … ( read original story …)
China to maintain steady IPO issuance
[Photo by Qu Xing/For China Daily] BEIJING – China will maintain a generally steady pace in greenlighting the applications of initial public offerings (IPOs) on the basis of ensuring stable market … ( read original…
ANALYSIS-China’s ‘mini-IPO’ reform takes on new virus urgency
One unforeseen outcome from the coronavirus outbreak in China is that it is speeding up capital market reform even as economic activity is gummed up by restrictions to contain its spread. Beijing is … (…
China approves 5 new IPO applications
China’s top securities watchdog has approved the initial public offering (IPO) applications of five companies. Xiangyang Changyuandonggu Industry Co., Ltd., Three’s Company Media Group Co., Ltd., … ( read original story …)
Alibaba-Backed AI Startup Sales Triple Enroute to IPO
Megvii Technology Ltd. for the first time revealed the stunning growth fueled by a nation’s obsession with security.The Alibaba Group Holding Ltd.-backed startup tripled revenue to 949 million yuan … ( read original story …)
U.S. Blacklist Hurt China AI Giant’s Sales Ahead of IPO Attempt
Megvii, backed also by Alipay-operator Ant Financial, Lenovo Group Ltd. and China Mobile Ltd., this year allowed its application for a Hong Kong IPO to lapse, throwing its future plans into question. ( read original…
Citi Replaces Credit Suisse on WeDoctor IPO Role
Citigroup Inc. has been picked for a top role on WeDoctor’s Hong Kong initial public offering, replacing Credit Suisse Group AG, according to people with knowledge of the matter. ( read original story …)
China probes alleged fraud at Luckin Coffee, banks review IPO work
“It will affect potential U.S. IPOs from China. China’s economy is not doing well already and with Luckin’s scandal these companies will face much tighter scrutiny for going public,” said … ( read original story…
Renault withdraws from Dongfeng venture, its main China business, as sales slump
Renault SA said on Tuesday it is pulling out of a loss-making business with Dongfeng Motor Group due to poor sales, becoming only the second global automaker to exit a major venture in China in…
