Alibaba Group Holding-backed Babytree shrank its listing size by 70 per cent and Club Med owner Fosun Tourism Group reduced its IPO size by half. Alibaba owns the South China Morning Post. The city’s ……
BUSINESS
China, U.S. discuss road map for next stage of trade talks
China and the United States discussed a road map for the next stage of their trade talks on Tuesday, during a telephone call between Vice Premier Liu He and U.S. Treasury Secretary Steven Mnuchin and…
China’s threats over Huawei CFO’s arrest rattle Canadian business
As China continues to threaten Canada with unnamed “consequences” if it doesn’t release the chief financial officer of Chinese telecommunications giant Huawei, some in Canada’s business community are … ( read original story …)
China accuses Canada of violating trade agreement in Huawei arrest
China accused Canada of violating a bilateral agreement by … alleging Meng had hidden ties between Huawei and a company called Skycom that did business in Iran, a lawyer representing Canada said dur… ( read…
Tencent Music executive sued for fraud ahead of US$1.2 billion IPO
The accusations come ahead of the much-anticipated IPO for the music streaming service operator, the biggest in China with more than 800 million monthly active users, as it seeks to raise as much as U……
China threatens ‘grave consequences’ if Huawei exec not released
“China strongly urges the Canadian side to immediately release … It also says that Meng and Huawei misled American banks about its business dealings in Iran. The surprise arrest raises doubts about … ( read…
Hong Kong on track for global IPO crown but many new listings sag
But just six of the biggest 20 IPOs in Hong Kong that have begun trading … Hong Kong has been hit by volatility stemming from concerns over a U.S.-China trade war and by slowing growth…
China calls arrest of Huawei CFO “vile in nature” as U.S. opens case
China has threatened Canada with grave consequences if a top … alleging that Meng had hidden ties between Huawei and a company called Skycom that did business in Iran, said a lawyer representing Can… (…
China says U.S. should withdraw arrest warrant for Huawei executive
BEIJING (Reuters) – China’s foreign ministry called in the U.S. ambassador on Sunday to lodge a “strong protest” over the arrest in Canada of Huawei Technologies Co Ltd’s [HWT.UL] chief … ( read original story…
China urges Canada to free Huawei CFO or face consequences
BEIJING/OTTAWA: China warned Canada on Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd’s chief financial officer, calling the case … ( read original story …)
U.S. IPO Week Ahead: Tencent Music Leads Upcoming 5-IPO Week
There are three IPOs and two SPACs expected to price this week, the most notable of which is Tencent Music (TME), China’s largest online music-streaming service. Tencent’s long-anticipated IPO is … ( read original story…
‘Jamie’ Qianqian Wu, the fashion trendsetter bringing Australian brands to China
At the Melbourne Cup last month, there were plenty of famous faces downing champagne while draped in expensive threads. However, one face was new. She was dressed to the nines, in an elegant number fr……
Cornerstone IPO: Selling Shares At 400x EPS
Adding $20 million from the IPO, the net asset equals $26 million … Using other companies with assets in China and trading in the U.S., the valuation of Cornerstone seems quite absurd. ( read original…
