HONG KONG (Reuters) – Tencent’s e-book unit China Literature Ltd (0772.HK) saw its shares surge more than 80 percent in their debut on Wednesday, as Hong Kong investors embrace a rush of tech listings, marking…
BUSINESS
Two tech giants are behind the pick-up in China IPOs on US exchanges
Chinese tech giant Tencent is a major investor in Sogou’s initial public offering Thursday on the New York Stock Exchange. Tencent also backed the IPO of Sea in October, the same week as the public…
British brands cash in on China’s £18bn shopping bonanza as Nicole Kidman and Alibaba founder Jack Ma kick off Singles’ Day sales
British companies were last night raking in millions from Singles’ Day – China’s £18 billion online shopping extravaganza. The event, which started out as an opportunity for Chinese singletons to buy themselves a gift, has…
China’s IPO approvals nosedive as regulator raises review threshold
It has been a week of rejections where China’s securities regulator would have set a record of vetoing companies seeking to list. The new listing committee under the China Securities Regulatory Commission (CSRC) rejected three…
Chinese search engine Sogou up 4% following IPO
Beijing-based Sogou aims to be a Google for China … goal is to “make it easy for Chinese users to communicate and get information.” Calling the IPO a “milestone,” he hopes that a U.S. IPO…
The US and China got down to business on the South China Sea
While President Donald Trump and China’s President Xi Jinping had friendly talks and photo ops, Secretary of State Rex Tillerson got down to business regarding the South China Sea. China claims almost all of the…
Hong Kong’s IPO Crash Indicator
IPO fever is back. The retail portion of China Literature Ltd.’s initial public offering was more than 600 times oversubscribed, locking up at least HK$520 billion ($67 billion), or one-third of the city’s monetary base,…
Chinese search-engine Sogou’s IPO priced at $13/ADS -source
Proceeds from the offering will be used for research and development and marketing purposes, Sogou said in its IPO filing. Beijing-based Sogou, which competes with Baidu and Alibaba’s UCWeb, reported net income of $66.7 million…
Source: Chinese search-engine Sogou’s IPO priced at US$13/ADS
Proceeds from the offering will be used for research and development and marketing purposes, Sogou said in its IPO filing. Beijing-based Sogou, which competes with Baidu and Alibaba’s UCWeb, reported net income of US$66.7 million…
China Literature makes stellar public debut following $1B Hong Kong IPO
China Literature, the e-publishing business backed by Tencent, enjoyed an impressive debut as public company with its share price rising as high double during its first day on the Hong Kong Stock Exchange. The business…
Tencent’s China Literature most-profitable IPO debut in a decade after value soars as much as 100pc
Shares in China Literature, Tencent Holdings’ online publishing arm and mainland China’s largest online publishing and e-book website, skyrocketed nearly 90 per cent in value by the close on Wednesday, after initially jumping 64 per…
Doing Business in China
As Donald Trump visits China, Ed Butler reports from Shanghai on the continued challenge of doing business for foreign firms there. American internet entrepreneur Michael Michelini shares his experiences and Yide Qiao, secretary general of…
Trump’s Visit to China: More Business Deals Than Trade Pacts
BEIJING — President Trump will arrive in China on Wednesday backed by campaign-trail promises to get tough against the United States’ largest trading partner. He will be accompanied by the chiefs of some of the…
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