Asian markets had opened mildly lower but selling intensified after data showed growth in China’s manufacturing sector in February slowed more than expected to the weakest in over 1-1/2 years as the Lunar New Year…
BUSINESS
China is set to let Xi Jinping rule for life — and it’s a ‘death knell’ for anyone opposing him
the conduct of foreign policy,” Economy told Business Insider. “He is the outward face to the rest of the world. When Xi Jinping travels, he goes as the president of China, not as the General…
China startup Nio hires eight banks for up to $2 billion U.S. IPO: sources
HONG KONG (Reuters) – Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley (MS.N) and Goldman Sachs (GS.N) to work on a planned U.S. stock market listing this year worth up to…
China’s iQIYI Sets NASDAQ Share Listing
iQIYI, one of China’s video streaming market leaders, has filed for an IPO that will see its shares traded on the New York-based NASDAQ exchange. The company has filed a prospectus that provides a sketch…
Xiaomi, ‘China’s Apple’, makes debut in Spain at world’s biggest mobile show ahead of IPO
Xiaomi, at times referred to as the “Apple of China”, made its debut in Barcelona this week at the mobile industry’s most important event ahead of a widely anticipated IPO set for later in the…
Ag-product firm rides organic trend in IPO
announced it had purchased an additional 252,000 ordinary shares at the IPO price of $4. “The underwriter was full of confidence in Farmmi, so that is why we raised a higher range,” Zhang said. “We…
Chinese video streaming platform iQiyi files for U.S. IPO
Goldman Sachs (Asia), Credit Suisse, BofA Merrill Lynch, China Renaissance, Citi and UBS Investment Bank … IQIYI’s move to seek listing on Nasdaq followed a busy year of Chinese IPOs on major U.S. stock exchanges.…
iQiyi reveals user numbers and net loss since inception in IPO filing
iQiyi (爱奇艺), the Chinese entertainment company famous for its video streaming service filed for an initial public offering in the US, our sister media TechNode China is reporting. The news comes after rumors and speculation…
Chinese streaming giant iQiyi files for $1.5 billion IPO
Goldman Sachs (Asia), Credit Suisse, BofA Merrill Lynch, China Renaissance, Citi and UBS Investment Bank are the IPO’s joint underwriters. According to the SEC filing, iQiyi lost $574 million on revenue of $2.7 billion in…
Baidu’s video unit iQiyi files for U.S. IPO that may raise over $1.5 billion
BEIJING (Reuters) – Chinese video streaming service provider iQiyi Inc, a unit of search engine firm Baidu Inc (BIDU.O), filed on Tuesday for an initial public offering that is set to raise more than $1.50…
China’s largest sportswear brand Anta posts 29pc profit growth on increased sales
Anta Sports, China’s largest sportswear brand and the third largest in the world by market capitalisation, has posted a 29.4 per cent growth in 2017 net profit, attributing it to increased sales that resulted from…
Move to extend Chinese leader’s role fuels business anxiety
But they say concentrating more power in Xi’s hands could hamper business and chill investment by making China’s economy more unpredictable and less able to respond to challenges. Market-oriented reform requires “regulatory institutions that are…
Rights group: China using personal data as repression tool
BEIJING — Human Rights Watch says it has found new evidence that authorities in one of China’s most repressive regions are sweeping up citizens’ personal information in a stark example of how big-data technology can…
