iQIYI, one of China’s video streaming market leaders, has filed for an IPO that will see its shares traded on the New York-based NASDAQ exchange. The company has filed a prospectus that provides a sketch…
BUSINESS
Xiaomi, ‘China’s Apple’, makes debut in Spain at world’s biggest mobile show ahead of IPO
Xiaomi, at times referred to as the “Apple of China”, made its debut in Barcelona this week at the mobile industry’s most important event ahead of a widely anticipated IPO set for later in the…
Ag-product firm rides organic trend in IPO
announced it had purchased an additional 252,000 ordinary shares at the IPO price of $4. “The underwriter was full of confidence in Farmmi, so that is why we raised a higher range,” Zhang said. “We…
Chinese video streaming platform iQiyi files for U.S. IPO
Goldman Sachs (Asia), Credit Suisse, BofA Merrill Lynch, China Renaissance, Citi and UBS Investment Bank … IQIYI’s move to seek listing on Nasdaq followed a busy year of Chinese IPOs on major U.S. stock exchanges.…
iQiyi reveals user numbers and net loss since inception in IPO filing
iQiyi (爱奇艺), the Chinese entertainment company famous for its video streaming service filed for an initial public offering in the US, our sister media TechNode China is reporting. The news comes after rumors and speculation…
Chinese streaming giant iQiyi files for $1.5 billion IPO
Goldman Sachs (Asia), Credit Suisse, BofA Merrill Lynch, China Renaissance, Citi and UBS Investment Bank are the IPO’s joint underwriters. According to the SEC filing, iQiyi lost $574 million on revenue of $2.7 billion in…
Baidu’s video unit iQiyi files for U.S. IPO that may raise over $1.5 billion
BEIJING (Reuters) – Chinese video streaming service provider iQiyi Inc, a unit of search engine firm Baidu Inc (BIDU.O), filed on Tuesday for an initial public offering that is set to raise more than $1.50…
China’s largest sportswear brand Anta posts 29pc profit growth on increased sales
Anta Sports, China’s largest sportswear brand and the third largest in the world by market capitalisation, has posted a 29.4 per cent growth in 2017 net profit, attributing it to increased sales that resulted from…
Move to extend Chinese leader’s role fuels business anxiety
But they say concentrating more power in Xi’s hands could hamper business and chill investment by making China’s economy more unpredictable and less able to respond to challenges. Market-oriented reform requires “regulatory institutions that are…
Rights group: China using personal data as repression tool
BEIJING — Human Rights Watch says it has found new evidence that authorities in one of China’s most repressive regions are sweeping up citizens’ personal information in a stark example of how big-data technology can…
North Korea is so short on money it’s selling its much-needed electricity to China
China is buying electricity from North Korea and will reportedly pay between $60,000 and $100,000 a month. North Korea has persistent power shortages and much of the country plunges into darkness at nighttime. Selling its…
Deadline for IPO reforms extended by two years
[Photo/VCG] China’s top legislature has extended the deadline for the government to launch registration-based initial public offerings for another two years, a move reflecting a gradual and cautious approach of the country’s IPO reform, analysts…
Baidu’s IQiyi: More About China’s Netflix That’s About To IPO
Baidu recently disclosed that it will IPO iQiyi in the United States. iQiyi, who many call China’s Netflix, is a leading player in Chinese streaming video, along with Tencent Video. Baidu owns around 80.5% of…
