Jack Ma’s Chinese financial titan aims to raise at least $30 billion in Hong Kong and Shanghai in October, which could push global first-time share sales by tech firms well past $57 billion, according ……
BUSINESS
Nongfu Spring raises $1.1 bln in Hong Kong IPO – sources
Chinese drinks producer Nongfu Spring will raise nearly $1.1 billion in its Hong Kong initial public offering (IPO) after pricing its shares at HK$21.50 each, according to two sources with direct … ( read original…
China Factory Activity Slows In August As Flooding Hits Business
Factory activity in China slipped slightly in August, according to official data published Monday, as the country grappled with the fallout from widespread floods. The closely watched Purchasing … ( read original story …)
Value of Chinese Brands Growing at 8X Global Average
Beijing contributed nearly half of the value of China’s strongest brands, according to a ranking by Brand Finance. ( read original story …)
China business activity rises more than expected
China’s official gauge of business activity outside factory floors expanded faster in August as the country’s service sector showed more signs … ( read original story …)
Jack Ma’s Ant Fuels Tech IPO Frenzy Not Seen Since Dotcom Bubble
Ant Group’s potentially record-sized initial public offering could propel technology capital-raising in 2020 past the dizzying heights of the dotcom bubble, an extraordinary showing in a … ( read original story …)
What Happens To The Phase One China Trade Deal If Biden Is President?
Joe Biden will be elected president on November 6. What happens to one of the biggest signature trade policies of the Trump era in that case — the “amazingly great” China phase one trade deal?…
Week In Review: Antengene Approved By Hong Kong Exchange For $200 Million IPO
Antengene, a three-year old Shanghai startup originally backed by Celgene, will conduct a Hong Kong IPO that is expected to raise $200 million. ( read original story …)
China’s Brand of Communism
Communism is back in the news. That’s in part because the Trump administration has made a national priority of informing the public about the China challenge. Earlier this summer four … ( read original story…
China Is ‘No Threat To Bitcoin,’ Promises Foundry CEO After $100 Million Bitcoin Mining Bet
Foundry chief executive Mike Colyer doesn’t see China as “a major threat” to bitcoin, despite recent warnings the Chinese government could “effectively block or reverse [bitcoin] … ( read original story …)
Tesla’s Chinese competitor Xpeng completes debut with 41 per cent premium after upsizing IPO to US$1.5 billion
Chinese electric car maker Xpeng completed its debut in New York by handing investors a 41 per cent premium, underscoring optimism surrounding a growing list of start-ups that aimed to overtake market … ( read…
Geopolitical risks prevail as new players emerge in the crypto mining space
Taras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can … ( read original story…
Regulated Blockchain: A New Dawn in Technological Advancement
For blockchain to be widely accepted, there will be a need for some level of assimilation with the traditional way of doing things. ( read original story …)
