Niu Technologies wants to raise $191 million from the sale of ADSs in a U.S. IPO. The firm designs and sells electric scooters and a related smartphone app to consumers in China and Europe. (…
BUSINESS
China wants a trade deal with us but they are not ready yet: Trump
US President Donald Trump said Sunday that China, under pressure due to his policies, wanted to have a trade deal with him, but he told them a week ago that they were not ready yet.…
Tencent ranked as top Chinese brand
[Photo by Long Wei / for China Daily] British multinational advertising and public relations company WPP unveiled its top 100 Chinese brands ranking on Wednesday evening in London, in an effort to ack… ( read…
China approves two new IPO applications
China is gradually switching from an approval-based IPO system to one based on registration. BEIJING – China’s top securities regulator has approved new IPO applications from two companies, which will … ( read original story…
China’s biggest streaming-music service is reportedly postponing its US IPO because of stock-market volatility
Tencent Music Entertainment is reportedly delaying its US initial public offering because of the recent stock-market volatility. The China-based streaming-music service already met with its … ( read original story …)
China views yuan depreciation not in its interest: Mnuchin
NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Saturday said Chinese officials told him this week that a further depreciation of China’s yuan currency was not in the … ( read original…
BMW to buy control of China venture in ‘new era’ for foreign carmakers
SHENYANG, China (Reuters) – Germany’s BMW (BMWG.DE … local players such as BAIC on income from ventures with premium brands like Daimler. Industry insiders and analysts fear sales could … ( read original story …)
Tencent Music Postpones US IPO Amid Global Market Sell-Off
Two days ago, China Money Network reported that another Tencent-backed … Tencent Music has filed in early October for a US$1 billion initial public offering (IPO) in America, planning to raise as mu… ( read…
China’s Huawei to invest 1 billion yuan in cloud business over 3 years
HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd, the world’s largest telecom-equipment maker, plans to invest 1 billion yuan ($145 million) over the next three year to develop … ( read original story …)
Chinese Medical Cosmetology Platform SoYoung Seeks For US IPO
Chinese medical cosmetology platform SoYoung is seeking for an initial public offering (IPO) in the US, putting the company at a potential valuation between US$2 billion and US$3 billion, according to … ( read original…
China trade surplus with US widens to record $34.1B
BEIJING – China’s trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13 per cent over a year earlier despite a worsening…
Tencent Music delays $2 billion U.S. IPO due to weak markets: sources
HONG KONG (Reuters) – Tencent Music Entertainment has delayed its planned U.S. initial public offering (IPO) until at least November as the owner of China’s most popular music apps prefers to … ( read original…
China sees a bargain in Canadian crude
With Canadian oil over 60 per cent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy and sludgy crude. That’s because, apart fr… ( read…
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