up from the 43 in the same period last year as China eyes stricter oversight over IPOs. During the period, 24 companies completed IPOs and went public, lower than the 56 companies for the same…
BUSINESS
Three Ant Group subsidiaries to go independent in Chinese fintech giant’s biggest restructure since blocked IPO
The restructuring is likely to grant more flexibility for businesses within the fintech affiliate universe of Alibaba and is intended to unleash their growth potential under Ant’s globalization …
Taiwan Feb export orders miss expectations, China, US weigh
Taiwan’s export orders fell in February as fewer working days during the Lunar New Year holiday limited productivity, with the outlook clouded by geopolitical uncertainty and high interest rates …
China’s Jan-Feb fuel oil imports rise 21% y/y
China’s fuel oil imports for the January and February period rose by a fifth from a year ago, data from the General Administration of Customs showed on Wednesday. Imports for the first two months …
Nationalist Vitriol Toward China’s Richest Man Sparks Worry for Business Climate
Drinks magnate Zhong Shanshan is facing a torrent of questions about his loyalty despite being defended by the media and local officials.
Graffiti Towers’ Value Plummets as China-Based Developer Faces Involuntary Bankruptcy
The Debtor’s views on value are grossly overstated,” a creditor says in a complaint filed in bankruptcy court last week …
Aussie Brands ‘Speed Dating’ And Live Streaming To Success With Alibaba
How to succeed in the second biggest consumer market in the world? Alibaba’s E-Commerce Expo in Sydney provides a gateway to China and SE Asia for Australian brands.
China’s automakers try turning Japanese
Electric-vehicle makers in the People’s Republic want to go back to the future. Efforts to block car exports from China are inspiring the world’s largest battery-powered car maker BYD , and peers to …
China brands UK ‘coloniser’ for criticising Hong Kong security law
China’s foreign affairs office in Hong Kong lashed out against the British government today over its criticism of the city’s new national security …
Chinese payment provider LianLian DigiTech files US$78 million Hong Kong IPO, less than a fifth of its target a year ago
The company aims for a fifth of the US$500 million it originally sought in June 2023 The downsized listing comes as Hong Kong’s stock market endures the lowest momentum for new listings since 2011 …
EU firms in China skewed ‘disproportionately’ towards risk management – business group
European firms in China are overly focused on managing risks instead of increasing market share, which is hurting efficiency and innovation and increasing costs for consumers, a European business …
EU-China trade relations are in a ‘slow-motion train accident,’ business group says
Trade tensions between Europe and Beijing will likely escalate, according to Jens Eskelund, president of the European Union Chamber of Commerce in China.
A CBDC trial in Hong Kong could finally enable blockchain to digitise shipping, with help from Ant Group
Hong Kong’s Global Shipping Business Network has finished a prototype of its first electronic bill of lading in collaboration with Ant Group’s ZAN blockchain unit.