The underwriters of the IPO are Morgan Stanley, Credit Suisse, and China Renaissance. Also, during the IPO, the Chinese giant JD (JD) agreed to buy shares worth $30 million, which will be 42% of ……
BUSINESS
US firms doing business in China now vulnerable after Huawei arrest: Former US trade advisor
There’s a good chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, former assistant U.S. trade representative Jeff Moon told CNBC on … ( read…
China Demands Canada Release Executive of Tech Giant Huawei
China has said it will continue to do business with Iran despite the possible threat of U.S. penalties. Meng is a prominent member of China’s business world as deputy chairman of Huawei’s board and th……
China stocks slump as Huawei shakes sentiment, drugmakers plunge
A gauge of Chinese stocks in Hong Kong posted its biggest two-day drop in 10 months as the arrest of Huawei Technologies Co.’s chief financial officer dealt fragile investor sentiment another blow and … (…
China demands Canada release Huawei executive arrested in Vancouver
In April, China appealed to Washington to avoid damaging business confidence following a Wall Street Journal report that U.S. authorities were allegedly investigating whether Huawei violated sanctions … ( read original story …)
China hails Trump-Xi summit, says ‘very confident’ in trade deal
China on Thursday expressed confidence in striking a trade deal with the United States within their 90-day ceasefire period, praising the recent meeting between U.S. President Donald Trump and Chinese … ( read original story…
Canada arrests CFO of China’s Huawei Technologies
A U.S. Justice Department spokesman declined to comment. In April, China appealed to Washington to avoid damaging business confidence following the Wall Street Journal report that U.S. authorities wer… ( read original story …)
Exclusive: Tesla, smarting from trade war, seeks bids for China Gigafactory construction
The details, previously unreported, reveal that state-owned Shanghai Construction Group Co Ltd is taking part in the bidding while a unit of China Minmetals Corp Ltd is preparing materials for the … ( read original…
What Chinese Tech IPOs Reveal about Global Innovation
Chinese companies are taking the risk of seeking success on American shores, thanks in part to how much more quickly IPOs are approved in the U.S. than in China, even if their success is far…
Apple HomePod heads to China, beating Amazon and Google
Apple on Wednesday said its HomePod wireless speaker will go on sale in China next year, potentially beating Amazon.com and Google to the world’s most-populous nation. On its website in China, Apple a… ( read…
China’s 2018 Venture Capital Binge Could Turn Into a Hangover
A shakeout could easily follow. It has been a blowout 2018. For the first half of the year, a study released this week by the data provider Preqin and Insead business school suggests that China…
China shows confidence in U.S. trade truce; Trump says Xi sending ‘strong signals’
China expressed confidence on Wednesday that it can reach a trade deal with the United States, a sentiment echoed by U.S. President Donald Trump a day after he warned of more tariffs if the two…
China-US trade: China vows speedy action on trade commitments
But concerns linger over discrepancies in information coming from either side. The US and China paused hostilities after several months of tit-for-tat tariffs, agreeing to halt any new duties for 90 d… ( read original…
