Lufax, China’s largest online wealth management platform, is expected to sell $6 billion to $9 billion of shares in its IPO, and is seeking a valuation of $60 billion, the South China Morning Post reported…
BUSINESS
Xiaomi Chooses Morgan Stanley And Goldman Sachs Group For Its IPO
According to the latest reports, Xiaomi — the China-based technology company, has selected Morgan Stanley and Goldman Sachs Group for its planned initial public offering (IPO). Along with them, Credit Suisse Group AG and Deutsche…
CITE2018 Presented “China Night” in Las Vegas
LAS VEGAS, Jan.15, 2018 — As CES 2018 was gathering leading Chinese technology enterprises in Las Vegas with an aim of exploring the overseas market, China Information Technology Expo (CITE) joined hands with China’s Consulate…
Exclusive: China’s JD.com targets $2 billion fundraising at logistics unit – sources
HONG KONG (Reuters) – China’s second-biggest e-commerce firm JD.com JD.O has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business…
Xiaomi is said to choose Morgan Stanley among banks for IPO
Credit Suisse Group AG and Deutsche Bank AG have also been chosen to work on the IPO that could see the company target a valuation of as much as $100 billion, the person said, asking…
China pledges more investment in Cambodia, but is Phnom Penh selling itself short?
But things are changing in Cambodia’s colourful capital. Dotted around the city these days are signs, both literal and metaphorical, of China’s growing influence in one of Southeast Asia’s poorest nations. In Phnom Penh on…
China’s COFCO makes painful cuts in drive to lead global food trade
“We aim to become the largest international food trader by 2020, not only in assets we own and revenues we make, but also in the quality of our assets, business operation, and return on investment,”…
China’s Fosun seeks to clone success of Dubai project in Atlantis Sanya
Fosun Tourism and Culture Group has been a key profit growth business for Fosun, China’s largest conglomerate. Assets under the company’s tourism unit include French resort operator Club Med and a Chinese joint venture with…
China cracks down on foreign companies calling Taiwan, other parts of China countries
apps and customer-related information and “strictly comply with China’s laws and regulations to prevent a similar thing from happening”. In a statement, Delta apologized for making “an inadvertent error with no business or political intention…
China’s Lufax plans Hong Kong IPO in April at US$60 billion valuation: sources
Lufax, one of China’s major online wealth management platforms, plans to launch an initial public offering in April in Hong Kong, which could value the firm at about US$60 billion in what could be the…
China’s trade boom hits speed bump as import growth slows sharply
China’s exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum as the government extends a crackdown on financial risks and factory pollution. A synchronized…
China shuts Marriott’s website over Tibet, Taiwan error
China has shut down the websites of Marriot International for a week, after the firm listed Tibet and others as separate countries. The hotel group has apologised for the error and said it did not…
China on the Rise in the Global Top Brands
On January 10, 2018, the 2017-2018 Global Top Brands Ceremony sponsored by the International Data Group (IDG) was held at the International Consumer Electronics Show (CES). Based on the theme of “Wisdom creates brand, Start…
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