BEIJING — Qualcomm Inc. failed to resolve China’s anti-monopoly concerns about its proposed acquisition of NXP Semiconductors, the government said Friday, in a case analysts warned would worsen escala… ( read original story …)
BUSINESS
Alibaba’s Movie Business Dominates the Chinese Box Office
That makes the movie business another thing Alibaba can add to its list of things it has dominated in China. Alibaba founder Jack Ma is going after the growing movie business in China. Image source:…
In for the China biotech gold rush, BeiGene eyes monster $800M-plus Hong Kong IPO
Fast on the heels of Ascletis’ record $400 million raise on the Hong Kong stock exchange, BeiGene is proposing its own IPO in the city — to run parallel with its current listing on Nasdaq.…
Sky9 Capital Congratulates PinDuoDuo on Its Successful NASDAQ IPO
BEIJING, July 27, 2018 /PRNewswire/ — Sky9 Capital extends its warmest congratulations to Colin Huang and his team for the successful IPO of PinDuoDuo, the leading social ecommerce platform in China. … ( read original…
Ex-Googler Becomes China’s 12th Richest Person
Pinduoduo Inc. founder Colin Huang became China’s 12th richest person with the soaring U.S. trading debut of his e-commerce company. The former Google engineer’s $13.8 billion fortune after the IPO pl… ( read original story…
Qualcomm CEO in the ring alone after U.S.-China spat kills deals
“We obviously got caught up in something that was above us, so I don’t know if I would conclude anything about our own business, our ability to invest [in China] or partner with Chinese companies,”…
China says still open to talks on scrapped Qualcomm-NXP takeover
The Chinese market regulator added in its statement that the country would treat all companies fairly and that China was open to foreign firms investing and doing business in the country. Gilholm of C… (…
Ex-Google Engineer Huang Catapulted to 100 Richest by PDD’s IPO
Pinduoduo Inc. founder Colin Huang became China’s 12th richest person with the soaring U.S. trading debut of his e-commerce company. The former Google engineer’s $13.8 billion fortune after the IPO pl… ( read original story…
Qualcomm ends $44 billion NXP bid after failing to win China approval
The Trump administration played an outsized role in Qualcomm’s fate and there had been expectations that the lifting of a ban on U.S. chipmakers doing business with China’s ZTE Corp (000063.SZ) would … ( read…
WeWork’s China Subsidiary Is Raising $500 Million
WeWork Cos.’s China-focused subsidiary is raising $500 million from Asian investors, the co-working giant said Thursday. The round values the business at $5 billion, according to people familiar with … ( read original story …)
China’s Pinduoduo raises $1.6 billion in range-topping U.S. IPO: sources
HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the s… ( read original story…
China’s Pinduoduo prices U.S. IPO at top of range, raises $1.6 billion: sources
HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the s… ( read original story…
China Tower seeks US$8.7 billion IPO
Hong Kong, China (AFP) — China’s State-owned China Tower — the world’s largest operator of telecommunications towers — announced Tuesday it will aim for US$8.7 billion initial public offering in Hong … ( read original…
