By Manya Saini (Reuters) -Shares of China’s BingEx surged 17% on Friday as the courier delivery firm shrugged off a sluggish start to its Nasdaq debut. The company, which brands its services as …
BUSINESS
Shein’s elusive founder holds pre-IPO investor meetings in London
The Singapore-based entrepreneur has never given a media interview and speaks patchy English. He will also travel to the US for meetings one of the people said. Meanwhile, US-based executive chair …
Chinese nationals can now verify their IDs digitally outside of China
Chinese nationals will be able to authenticate and verify their identities digitally during electronic know your customer (eKYC) processes overseas.
Quotes: EU votes in favour of hefty tariffs on China-made EV imports
The European Union backed tariffs of up to 45% on imported Chinese electric vehicles (EVs) on Friday as it looks to counter Beijing’s subsidies for automakers now targeting Europe. Here is political a …
China’s Ex-finance minister calls for more research into crypto amid official ban
Zhu Guangyao, former Chinese minister of Finance has called on the Chinese government to carry out more research on cryptocurrency …
EV tariffs are only the first step in EU-China war
The European Union has got its electric vehicle tariffs through. On Friday, member states voted for levies on battery cars imported from the Middle Kingdom. Given big EU hitters like Germany opposed …
EU votes in favour of hefty tariffs on China-made EV imports
The European Commission said on Friday it had received enough support in a vote of EU members to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest profile…
Chinese courier firm BingEx valued at nearly $1.2 billion in US IPO
The IPO bodes well for the broader market which had been depressed for almost two years due to higher-for-longer interest rates and turmoil in the stock markets. The recent searing rally in equities …
Chinese courier firm BingEx valued at nearly $1.2 bln in US IPO
China’s BingEx said on Friday it had raised $66 million in its U.S. initial public offering valuing the courier delivery firm at $1.17 billion, signaling a recovery in investors’ risk appetite and …
Capital markets: For all the right reasons, is India the new China?
With Swiggy and Hyundai Motor India filing for big-ticket IPOs, India’s primary capital markets are on a tear. This could be the best year for listings in its history. Can it continue? A useful …
Online retailer Shein to hold roadshows soon ahead of London IPO
Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering (IPO), …
Russia can rely on China for the yuan, but China can’t rely on anyone else
China faces many limitations to de-dollarization and just can’t copy Russia’s sanctions-proofing playbook.
Hit hard by slowdown, wary China seeks curb in rising local governments’ debt
Feeling heat on its economic front, China has for the first time asked local governments to curb unchecked borrowings as rising debt levels have severely affected development projects in …
