[Photo/China Daily] Although subscribed by Chinese magnates such as Li Ka-shing, Jack Ma Yun, Pony Ma Huateng and Cai Wensheng, Xiaomi’s blockbuster IPO was given the cold shoulder by retail investors. The Beijing-based company managed…
BUSINESS
China’s Xiaomi prices Hong Kong IPO at bottom of range: sources
Xiaomi did not immediately respond to a request for comment on the IPO pricing. The people declined to be identified as the information was not public. The Beijing-based, Cayman-domiciled company, which also makes internet-connected devices,…
China’s Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources
Several Chinese IPO candidates preparing to float in Hong Kong and New York … casting doubt on government efforts to lure foreign-listed Chinese tech giants back home. Beijing-based, Cayman-domiciled Xiaomi is due to start trading…
Xiaomi Prices Hong Kong IPO at Bottom of Target Range
Xiaomi shares will begin trading in Hong Kong on July 9. Beijing-based Xiaomi hoped to raise up to $6.1 billion from its IPO before trading started. The pricing gives the company a market valuation of…
China’s 84 Questions for Xiaomi Show Hurdles for Tech IPO Plans
The collapse of Xiaomi Corp.’s plan to sell stock in mainland China is an example of Beijing’s ambition getting ahead of its reality. Intransigent regulators, lack of clarity from the central government and a company…
China defends its post-WTO business record
China on Thursday insisted it has “carried out every promise” made in joining the World Trade Organization as Washington and Brussels push Beijing to do away with protectionist policies. Hitting back at critics like US…
China says carefully monitoring U.S. policies on inbound investments
BEIJING (Reuters) – China’s commerce ministry said on Thursday it would carefully monitor U.S. policies on inbound investments, stressing that the country opposes using national security as grounds to restrict foreign investments. U.S. President Donald…
Trade war or not, China Inc already reining in American brands
SHANGHAI (Reuters) – As Beijing and Washington veer towards a full-blown trade war, American brands in China face what may be an even bigger threat: local rivals armed with innovative products and the Chinese government’s…
Trade War or Not, China Inc Already Reining in American Brands
Shanghai: As Beijing and Washington veer towards a full-blown trade war, American brands in China face what may be an even bigger threat: local rivals armed with innovative products and the Chinese government’s blessing. American…
FOCUS-Trade war or not, China Inc already reining in American brands
SHANGHAI, June 27 (Reuters) – As Beijing and Washington veer towards a full-blown trade war, American brands in China face what may be an even bigger threat: local rivals armed with innovative products and the…
Why Are Western Fashion Brands Getting it so Wrong in China?
Many Western fashion brands have made valiant attempts at entering China’s marketplace, only to slink away with their tail between their legs. In fact, it’s been estimated that 48% of foreign brands entering China will…
9 of the world’s 12 most shipped smartphone brands are from China
Nine of the world’s twelve most shipped smartphone manufacturers are headquartered in China, according to semiconductor market research firm IC Insights. The company recently updated its 2018 IC Market Drivers Report in which it documented…
China moves closer to ending mandatory animal testing for cosmetics
CFI and Chinese regulatory advisor Knudsen CRC’s pilot scheme will provide selected international beauty brands with full bureaucratic assistance to allow them to enter China without animal testing at any stage of the chain. The…
