The case hinges on a claim that the firm didn’t let investors know about a warning it had received from the Chinese government just before its 2014 IPO. The 2nd U.S. Circuit … firm did…
BUSINESS
Funko Looks to Rebound From IPO Meltdown With Overseas Push
In China, the world’s second-largest economy … The CEO chalked up Funko’s IPO woes to investors struggling to understand its story. The bankruptcy of Toys “R” Us in September — and the struggles of major…
China’s Lufax picks banks for up to $5 bln Hong Kong IPO – IFR
HONG KONG, Dec 5 (Reuters) – Chinese online wealth management firm Lufax has hired five banks to work on an up to $5 billion Hong Kong initial public offering, IFR reported, citing people familiar with…
Tencent affiliates IPO spree to continue into next year
Its online reading unit China Literature has raised US$1.1bln after pricing its Hong Kong IPO at the top of its range early in November. China’s first online-only insurance company Zhong An, in which Tencent holds…
China’s megacity dream spurs Hebei Construction IPO
Hebei Construction Group on Monday launched a Hong Kong initial public offering, becoming the first company to tap investor interest in China’s ambitious Xiongan special zone plan. The company hopes to raise between HK$1.9 billion…
Canada a good place for foreign investment, PM tells business leaders in China
GUANGZHOU, China — Prime Minister Justin Trudeau is selling Canada as good place for foreign investment at a major conference of international business leaders in the southern Chinese city of Guangzhou. Trudeau is addressing the…
Canadian business will benefit from Trudeau’s China trip
A former diplomat, Colin Robertson is vice-president and fellow at the Canadian Global Affairs Institute. Prime Minister Justin Trudeau’s China trip may not have netted the expected free-trade talks, but Canadians should be satisfied on…
China’s budding coffee culture propels Starbucks, attracts rivals
speaking at the launch of Starbucks’ first overseas “Reserve Roastery” – an opulent flagship store with gourmet coffees and a bakery – said China was on track to be “bigger, more powerful and more significant”…
China’s Top 10 Luxury Lingerie Brands
Crackdowns on corruption and ostentation by a government uneasy about China’s growing inequalities have dampened consumers’ appetites for conspicuous logos and dazzling jewelry. Concealed beneath their clothes, however, lingerie has become a means for ……
Evening Update newsletter: Small-business tax changes, Trudeau in China, sockeye salmon
The federal government will impose new restrictions on how small-business owners can divide income among family members as of Jan. 1, even though the promised details haven’t been released. Small-business owners are increasingly concerned that…
Hebei Construction US$297m IPO is first in Hong Kong to target China’s massive Xiongan project
Xiongan New Area, established in April and just a couple of hours south of Beijing, is part of China’s efforts to … plans to issue 433.334 million shares in the Hong Kong IPO, with an…
Chinese smartphone maker Xiaomi is eyeing a $50 billion IPO: Report
Chinese smartphone maker Xiaomi is eyeing a $50 billion IPO as early as next year, according to a report from Bloomberg. The Beijing-based company has picked up momentum to challenge phone competitor Huawei in its…
China Education Group seeks HK$3.4 billion from IPO, eyes acquisitions in Europe and UK
China Education Group, a leading higher private education provider, said it was seeking an initial public share offer of up to HK$3.4 billion (US$435 million), with part of the proceeds to be used to acquire…
