Justin Sun, the Chinese crypto-entrepreneur who made headlines … in a show of loyalty to China’s regulators amid reports of him being investigated by the authorities. “I was really fortunate … ( read original story…
BUSINESS
Wanda Sports Hints at Chinese Firms’ Mixed Results in U.S. IPOs
Wanda Sports will become the 17th China-based company to list in the U.S. this year, according to data compiled by Bloomberg. That compares with 35 U.S. IPOs by Chinese companies for all of 2018. This…
China and U.S. trade negotiators to meet in Shanghai July 30-31
The governments of the world’s largest economies have levied billions of dollars of tariffs on each other’s imports, disrupted global supply chains and shaken financial markets in their dispute over … ( read original story…
China’s Wanda Sports cuts U.S. IPO size, lowers price range
SINGAPORE (Reuters) – Wanda Sports Group Co Ltd, a unit of Chinese conglomerate Dalian Wanda Group, has cut the size of its U.S. initial public offering (IPO) to up to $308 million from a previous…
Salesforce Enters China Amid Trade War, With Alibaba’s Help
(Bloomberg) — Salesforce.com Inc. unveiled a partnership with Alibaba Group Holding Ltd. to enter the Chinese software market, chasing new business in Asia despite the U.S.-China trade war. Alibaba … ( read original story …)
Tron crypto founder Justin Sun apologizes for conduct, denies reports of China travel ban
Controversial Chinese crypto entrepreneur Justin Sun surprised everyone on Tuesday by postponing his $4.56 million charity lunch with Warren Buffett. Now Sun is apologizing for his own conduct. In a … ( read original story…
Hyatt and Hilton Are Taking Different Branding Approaches Inside China
A key question remains whether it is better to launch a dedicated brand in China, or adapt a chain’s existing brands to the local market, which is expected to bloat even more as a government…
Global sporting events owner Wanda Sports cuts ADS offering and proposed IPO range to $9 to $11
Wanda Sports Group, the sports events, media, and marketing platform of China’s Wanda Group, lowered the proposed deal size for its upcoming IPO on Wednesday. The Beijing, China-based company now … ( read original story…
Wanda Sports IPO: What You Need To Know
The IPO Terms Beijing-based Wanda Sports Group Company Limited has filed with the SEC to offer 33.33 million ADSs, representing 50 million Class A ordinary shares, in an IPO. Of this, 20 million … (…
China’s SDIC hires banks for $1 billion London IPO – sources
HONG KONG/LONDON — China’s state-backed energy firm SDIC Power Holdings has hired banks to list in London via the newly-minted Stock Connect scheme, three sources told Reuters, a boost for … ( read original story…
China Railway Signal, Four Other Beijing Firms Lap Up 41% of Star Market IPO Funds
(Yicai Global) July 22 — Five Beijing companies, led by China Railway Signal & Communication, have raised about 41 percent of the total sum that the 25 first companies that got listed on Shanghai’s ……
China Bars 139 Funds From IPOs on Tech Board Violations
China suspended 139 funds from investing in initial public offerings after money managers breached subscription rules on the country’s new trading venue for technology stocks. Shenzhen Lin Yuan … ( read original story …)
New Blockchain Partnership Aims to Pave the Way for Mass Adoption in China
A blockchain platform and a gaming company note their partnership will benefit millions and pave the way for mainstream adoption in China. A blockchain platform has become the first public chain … ( read original…
