Reuters said late Wednesday that the Beijing-based company, considered the Netflix (NFLX … Baidu currently holds a 69.6% stake in the company and will remain as a majority shareholder post-IPO. In 2017, iQiyi reported revenue…
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Recent Posts
IQiyi, Netflix Of China, Prices Its IPO At $18 Per Share
‘Chinese Netflix’ iQIYI prices IPO at midpoint of expected range to raise $2.25 billion
Beijing-based IQIYI Inc. IQ, -1.08% said Thursday its initial public offering priced at $18 a share, as the online entertainment company raised $2.25 billion. The IPO was expected to price between $17 and $19 a…
Chinese streaming company iQiyi prices IPO at $18/share
Ma Shicong, an analyst at Beijing-based internet consultancy Analysys … but it had a rocky first day with shares dropping below its IPO price. Contact with the writer at ouyangshijia@chinadaily.com.cn. ( read original story …)
Chinese streaming company iQiyi prices IPO at $18/share: source
Beijing-based iQiyi, which is majority-owned by Chinese internet … Goldman Sachs (Asia) LLC, Credit Suisse and BofA Merrill Lynch are the lead underwriters for the IPO. ( read original story …)
China singer denied bank account because he’s blind
A Chinese folk singer has received an apology from a bank after he was denied an account because of his disability. Zhou Yunpeng is blind, and was told he was not allowed a bank account…
New China financial regulator says to deepen reform, fend off risk
BEIJING (Reuters) – China’s new banking and insurance regulator said on Thursday it will deepen the reform and opening up of the banking and insurance systems and will crack down on financial risk. In a…
Canadian municipalities struggling to find place for recyclables after China restricts foreign waste
You can be part of the conversation by joining our Facebook group. China’s new rules that ban or seriously restrict foreign waste have Canadian municipalities struggling to find places to ship their recyclables. “It’s a…
China central bank will launch crackdown on virtual currencies
BEIJING (Reuters) – China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday. The central bank will also push forward…
China stocks end higher as property firms surge
SHANGHAI, March 29 (Reuters) – China stocks reversed losses from earlier in the session to end higher on Thursday, as investors hunted for bargains after a recent correction in shares of real estate and consumer…
China’s defunct space lab hurtling toward Earth for re-entry
China’s defunct and reportedly out-of-control Tiangong 1 space station is expected to re-enter Earth’s atmosphere sometime this weekend. It poses only a slight risk to people and property on the ground, since most of the…
China Cracks Down On Jaywalkers With AI, Facial Recognition, & Automated Fines
As we pointed out earlier this week, China’s lack of data protection laws and its determination to overtake the US as the world-leader in AI technology poses a serious threat to US technological hegemony. As…
Bank of China to provide banking services
The Reserve Bank of New Zealand has registered Bank of China to provide banking services in New Zealand, bringing the total number of registered banks to 26. Bank of China Ltd is incorporated in the…
China reminded Kim Jong Un who’s boss during mysterious Beijing meeting, experts say
The trip was planned in the weeks after President Trump announced he had accepted the despot’s invitation to meet by May, Yun Sun, who runs the East Asia program and the China Program at the…
