China Literature, the country’s largest e-book site and online publishing house, started trading last week after becoming the hottest IPO in Hong Kong this year. It has the advantage of being able to generate profit…
BUSINESS
Maimai, LinkedIn’s biggest China rival, raises US$750m in funding and aims for 2019 IPO
Maimai.cn, China’s biggest rival to global professional networking giant LinkedIn, has secured US$750 million in a latest funding round from US top tech investors DCM Ventures and IDG Capital, and is now targeting an initial…
China Tech Titan’s Touch Is No Guarantee of U.S. IPO Riches
Investors are learning that the backing of Tencent Holdings Ltd., China’s largest social network operator, is no guarantee of IPO riches. Stock buyers piled into the initial public offering of the Chinese technology titan’s e-book…
Despite Trump’s $250B announcement, companies hesitant to sign binding deals with China
During a five-country tour in Asia, President Donald Trump announced $250 billion worth of business deals with China, including the first-ever, long-term binding gas contract between the two countries. Continue Reading Below U.S.-based energy company…
Few banks seen queuing for China’s red carpet invite
“It would be very difficult for them to change the (business) landscape,” said a banker with an European bank. The bankers and lawyers declined to be named due to the sensitivity of the issue. The…
China is about to take the entire global economy for a wild ride
The question is whether or not the Chinese government will solve this problem the way it always has — by making credit easier and putting aside the business of reform. The way the rest of…
Jessica Rudd steaks her claim on China
AACo’s new recruit, Jessica Rudd, is also the owner of Jessica’s Suitcase, an online business selling infant products and food and health supplements into China. Photo: Glenn Hunt Ms Rudd has more to her CV…
Shanghai Pharmaceuticals buys out Cardinal Health in China to become top distributor of imported drugs
After deducting amounts owed to its original shareholders and debt holders, and other accounting adjustments, the amount Shanghai Pharmaceuticals Holding will pay to fully buyout Cardinal’s China business is US$557 million. The acquisition will help…
Shanghai Pharma buys US Cardinal Health’s China business for $557 million
Deal gives the China business $1.2 billion enterprise value Shanghai Pharma keen to expand network nationwide Cardinal Health put business up for sale due to rule changes U.S. private-equity firm Warburg Pincus among bidders-sources Shanghai…
Manulife launches wholly-owned investment business in Shanghai
Canadian asset manager Manulife Asset Management on Wednesday launched a wholly-owned investment business in Shanghai and welcomed Beijing’s steps to raise limits on foreign ownership in the finance sector. Last Friday, China said it planned…
Morgan Stanley is upbeat about China’s ‘new economy with scale’
Morgan Stanley is bullish on China as IPO activity picked up The investment bank is talking to more than a hundred companies, including “new economy” businesses Aside from the changing mix of firms with which…
Tencent-backed Yixin’s IPO is Hong Kong’s 10th hottest ever as investors eye China’s online car sales growth
Yixin Group, China’s largest online car retailer, has priced its highly-anticipated initial public offering at the upper end of the price range to raise a total HK$6.77 billion (US$870 million), as investors eye the rapid…
Time to revive Hong Kong’s enviable IPO past
“To boost Hong Kong’s status as a centre for IPOs requires regulators, intermediaries and investors to work together to build an ecosystem that can attract companies which represent the ‘new China’ story,” says Houston Huang,…
