Uber Technologies Inc. plans to invest in Pony AI Inc.’s US initial public offering, which is expected to be priced next week after being upsized by the autonomous driving firm, people familiar with …
BUSINESS
Chinese Cosmetics Label Mao Geping to IPO in Hong Kong
The company has begun its pre-deal investor education process and is aiming for a market debut on the main board in December, according to local media reports.
IPO watch: Pony AI is going public and Uber wants in
Uber Technologies (NYSE:UBER) continues to make moves in the autonomous driving space. The latest development is that the San Francisco-based company plans to invest in Pony AI’s (PONY) initial public …
China’s Trustar raises $1 bln for vehicle that holds McDonald’s China stake, sources say
Trustar Capital has raised $1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in McDonald Corp’s operations in mainland China and Hong Kong, two sources with knowledge of…
China reveals new 9-point plan to Trump-proof exports that may see up to 60% higher taxes
Trump is set to take office in January, renewing fears of an intensified trade war that could further strain the already fraught relationship between China and the US
China crude oil imports set for November rebound, but it’s price not demand
China’s crude imports are on track to rebound in November to the highest in three months, but the increasing appetite of the world’s largest oil importer is more about price than rising demand.
China’s second-richest man blasts Pinduoduo for hurting brands with cutthroat pricing
The founder of bottled water company Nongfu Spring called Pinduoduo a main contributor to aggressive pricing causing ‘huge harm for Chinese brands’.
Uber said to be in talks to invest in US IPO of China’s Pony AI
Uber has tied up with several other automated driving tech firms recently, including robotaxi operator Waymo and an undisclosed investment in Wayve Technologies Ltd. It also has a robotaxi service …
Starbucks mulls options for China business, including stake sale – report
Starbucks (NASDAQ:SBUX) is reportedly considering options for its Chinese operations, including the possibility of selling a stake in the business. Citing people with knowledge of the matter, …
China’s CBDC Pioneer Expelled Amid Cryptocurrency Bribery Charges
Yao Qian, China’s CBDC pioneer, is accused of cryptocurrency bribery, highlighting risks in digital currency governance and oversight.
China announces policy measures to boost trade amid worries over Trump tariffs
China’s commerce ministry on Thursday announced a series of policy measures aimed at boosting the country’s foreign trade, including pledging to strengthen financing support to firms and expand …
China’s first cryptocurrency corruption case captures former central bank official
A crypto-friendly former official with China’s central bank has been accused of taking bribes through cryptocurrencies, in the first corruption case of its kind in the country as it cracks down on …
Starbucks explores selling stake in Chinese business amid strategic growth plans
Starbucks is considering selling a stake in its Chinese operations, as it is exploring strategic partnerships to drive growth, the coffee chain said. A global spokesperson for Starbucks said in a statement: “We are wholeheartedly…
