SHANGHAI (Reuters) – China should take “punitive” measures against Canada if new regulations from Ottawa against dumping of aluminum and steel target Beijing, Chinese tabloid Global Times said in an editorial on Friday. The widely…
BUSINESS
China approves 3 new IPO applications
BEIJING, March 30 (Xinhua) — China’s securities regulator approved three new IPO applications Friday, which will raise up to 1.6 billion yuan (254.4 million U.S. dollars) in the A-share market. One of the three companies…
Chinese youth goes for domestic brands
Once derided as the ‘world’s factory’ that only churns out low-quality imitation goods, China has been making progress in upgrading … I personally think about Chinese brands like Huawei and Vivo, which are cheaper than…
iQiyi, China’s answer to Netflix, plunges in Wall Street debut
Investment bank Jefferies said ahead of the IPO that it valued iQiyi at $17 billion, far higher than the company’s market value of about $11 billion after Thursday’s close, according to FactSet. Related: China’s biggest…
IQiyi, the ‘Chinese Netflix,’ pockets more than $2 billion in IPO, stock falls in debut
IQiyi’s ADS’s are worth seven shares of shares traded elsewhere, such as in China. Don’t miss: The iQiyi IPO: Four things to know While American investors had their first opportunity to buy shares, the company…
First Look At IQIYI’s $2.25 Billion IPO
In terms of iQIYI’s total library (original plus licensed content), iQIYI had on its platform 42 of the top 50 drama series in China in 2017. Note that iQIYI’s IPO will be a blockbuster event…
Trump hasn’t dented enthusiasm for Chinese IPOs in the US
More may be coming. Drew Bernstein, co-head of the China practice at Marcum Bernstein & Pinchuk, an auditor of Chinese IPOs in the U.S., said he’s working right now with about six or seven offerings…
China’s Netflix-like video platform iQiyi dips on Nasdaq debut
(Reuters) – Shares of Chinese streaming platform iQiyi Inc fell below their initial public offering (IPO) price in the stock’s market debut on Thursday, even as the technology sector rebounded from a sharp sell-off ahead…
IQiyi, The Netflix Of China, Begins Trading — And Then Falls
Shares of China-based iQiyi (IQ) began trading Thursday … Baidu currently holds a 69.6% stake in the company and will remain as a majority shareholder post-IPO. In 2017, iQiyi reported revenue of $2.67 billion, up…
IQiyi, Netflix Of China, Prices Its IPO At $18 Per Share
Reuters said late Wednesday that the Beijing-based company, considered the Netflix (NFLX … Baidu currently holds a 69.6% stake in the company and will remain as a majority shareholder post-IPO. In 2017, iQiyi reported revenue…
‘Chinese Netflix’ iQIYI prices IPO at midpoint of expected range to raise $2.25 billion
Beijing-based IQIYI Inc. IQ, -1.08% said Thursday its initial public offering priced at $18 a share, as the online entertainment company raised $2.25 billion. The IPO was expected to price between $17 and $19 a…
Chinese streaming company iQiyi prices IPO at $18/share
Ma Shicong, an analyst at Beijing-based internet consultancy Analysys … but it had a rocky first day with shares dropping below its IPO price. Contact with the writer at ouyangshijia@chinadaily.com.cn. ( read original story …)
Chinese streaming company iQiyi prices IPO at $18/share: source
Beijing-based iQiyi, which is majority-owned by Chinese internet … Goldman Sachs (Asia) LLC, Credit Suisse and BofA Merrill Lynch are the lead underwriters for the IPO. ( read original story …)
