HONG KONG: Two Chinese biotechs have axed plans to list in New York and instead aim to raise up to $800 million in Hong Kong IPOs, seeking to cash in on new rules to woo…
BUSINESS
China urges US to avoid damaging business confidence
China appealed to Washington on Thursday to avoid damaging business confidence following a report that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran amid spiraling technology tensions. The Wall Street…
Asia stocks supported by Wall St., but China drags
The benchmark Shanghai Composite Index fell 0.9 percent and the blue-chip CSI300 index dropped 1.4 percent as tech shares came under pressure following news that U.S. prosecutors have been investigating if China’s Huawei violated U.S.…
Two China biotechs drop U.S. IPO plans for $800 million Hong Kong floats: sources
HONG KONG (Reuters) – Two Chinese biotechs have axed plans to list in New York and instead aim to raise up to $800 million in Hong Kong IPOs, seeking to cash in on new rules…
Disney emphasizes China roots in Shanghai amid trade tension
SHANGHAI — Walt Disney Co. stressed its deep China connections as it opened an extension of Shanghai’s $5.5 billion Disney Resort on Thursday amid escalating tensions over trade and technology between Beijing and Washington. Disney…
China’s Xiaomi promises to cap hardware income margin ahead of IPO
BEIJING (Reuters) – Chinese smartphone and smart device maker … as it looks to position itself as an internet services provider ahead of a highly-anticipated IPO. Xiaomi – which makes dozens of internet-connected products including…
For China’s Buddhist Monks, an IPO Too Far
In China, religion is big business. The famed Shaolin Temple owns dozens of companies and its abbot is popularly known as the “CEO monk.” Two of China’s four sacred Buddhist mountains are publicly listed. So…
Chinese Ride-Hailing Giant Didi Hits Accelerator on Talks for IPO
China’s Didi Chuxing Technology Co., one of the world’s largest ride-hailing companies, is holding discussions about a multibillion-dollar initial public offering that could happen as soon as this year, according to people familiar with the…
Multibillion-dollar IPO for Chinese ride-hailing giant Didi could happen this year
The Beijing-based company has in recent weeks been in talks with … the people familiar said. It isn’t clear whether an IPO will happen this year, and Didi hasn’t decided on a listing venue, they…
US brands suffer collateral damage in Chinese corporate war
The executives spoke to the AP only on condition of anonymity for fear of reprisals, but their concerns were echoed by a U.S. industry group, brand consultants and policy makers in China and JD.com itself.…
WSJ: Chinese Uber Competitor Didi Chuxing Seeks $80 Billion IPO
Didi has accelerated talks on a potential IPO partly because its new rival China’s Meituan … Didi on Tuesday laid out plans at an event in Beijing for an alliance with 31 auto industry partners…
Worrying signs China is moving backward on reforms, warns U.S. official
“From the U.S. perspective, China’s WTO commitments reflect somewhat of a broken contract,” Tong told a packed audience of business professionals and media. “Perhaps most worrisome, actually, is the sense we have in the United…
China’s Didi in talks for IPO as early as this year: WSJ
(Reuters) – Chinese ride-hailing company Didi Chuxing is in talks for a multi-billion-dollar initial public offering that could take place as early as this year, The Wall Street Journal reported on Tuesday, citing people familiar…
