China Bohai Bank has raised $1.78 billion after pricing its shares at HK$4.80 as it carried out the largest initial public offering in Hong Kong so far in 2020, two sources with direct knowledge of…
BUSINESS
China Vehicle Sales: Ford vs. General Motors
Ford Motor Co. (NYSE:F) released its second quarter China sales on July 9. Quarterly sales rose on a year-over-year basis thanks to “strong demand following the lifting of COVID-19 pandemic … ( read original story…
US IPO Weekly Recap: Preclinical biotech Nkarta pops 166% in a 5 IPO week
Three biotechs, two Chinese issuers, and one SPAC went public this past week, led by preclinical oncology biotech Nkarta (NKTX), which popped 166% in the best first-day return for a $10+ million IPO … (…
Global Blockchain Technology Industry
Global Blockchain Technology Market to Reach US$142. 5 Billion by the Year 2027. Amid the COVID-19 crisis, the global market for Blockchain Technology estimated at US$4. 4 Billion in the year 2020, is … (…
India’s deadly mountain-top showdown with China could lead to more military activity at sea
India and China’s border dispute in the Himalayas is decades old. But more recent competition in the Indian Ocean is likely to grow. ( read original story …)
Chinese marketing services firm Baosheng Media Group files and sets terms for a $28 million US IPO
Baosheng Media Group Holdings, which provides online marketing services for advertisers and media companies in China, filed on Friday with the SEC to raise up to $28 million in an initial public … ( read…
Google ditched China cloud project over political tensions: report
Google recently ditched an effort to launch cloud computing services in China and other countries amid concerns about growing political tensions, according to a report. The tech behemoth in May … ( read original story…
China’s Fosun-backed Gland Pharma files papers for Rs 5,000-6,000 crore IPO
If the listing plans fructify, this could arguably be the first major domestic IPO of an Indian company with a Chinese parent. ( read original story …)
India Goes All In On ‘Boycott China’
India is in a dispute with China, and now many small business owners, and even the government, are working to turn away from Made in China. The government is now asking Indian e-commerce companies ……
China books second-biggest U.S. corn purchase on record, also buys wheat
CHICAGO, July 10 (Reuters) – China booked its second-largest single-day U.S. corn purchase on record, according to U.S. Department of Agriculture (USDA) data released on Friday, as the country works … ( read original story…
Didi is planning to test a pilot version of China’s digital currency
Didi plans to test a pilot version of China’s digital currency as part of a partnership with the central bank’s Digital Currency Research Institute. ( read original story …)
Chinese gig worker platform Quhuo prices upsized $33 million US IPO at $10 midpoint
Q uhuo, which provides a gig worker staffing platform for consumer services apps in China, raised $33 million by offering 3.3 million ADSs at $10, within the range of $9 to $11. T … (…
China Rapid Finance changes its NYSE ticker symbol to “SOS”
China Rapid Finance Limited (NYSE:XRF) will start trading under its new NYSE ticker ‘SOS’ on July 20, 2020, highlighting emergency rescue services business The company’s also intends to change its … ( read original story…
