I’ll provide a final opinion when we know more details about the IPO. Beijing, China-based RISE Education Cayman was founded in 2007 to provide after-school English lessons. Management is currently headed by CEO Yiding Sun…
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China-Based RISE Education Files For $100 Million U.S. IPO
Beijing rules out direct aid on ChemChina’s $44bn Syngenta purchase
Beijing will not directly intervene to shore up Swiss seeds … ChemChina will also be able to tap proceeds from next week’s IPO of Italian tyre company Pirelli. The prospect of unknown liabilities from the…
ZhongAn Insurance Starts Trading on the Hong Kong Stock Exchange
We can foresee a few more to come in the near future: Chinese micro-lender Qudian has filed for its U.S. initial public offering; word has also come out that Beijing-based Quant Group will do its…
Roku’s IPO Price Just Gave the Company a $1.3 Billion Valuation
Roku has priced its IPO at the high end of the indicated price range … Tillerson to cover North Korea, Trump visit during China trip US experts said Beijing’s coal imports in August highlight its…
China’s first online insurer surges in stock market debut
Xu Xiaohua, vice-president of the insurance school at the Central University of Finance and Economics in Beijing, estimates life insurance … was 393 times the number of shares on offer in the IPO, ZhongAn told…
Chinese Education Co. Raises $144M In Above-Range IPO
Beijing-based RYB offered 7.8 million American depositary shares at $18.50 each, exceeding its original price range of $16 to $18. The company directly sold 5.5 million shares in the IPO, while a shareholder affiliated with…
iQiyi said to seek at least $8b value in IPO
A foreigner watching video programmes on iQiyi at an expo held in Beijing. [Photo by A Jing/For China Daily … Baidu wants to continue holding a controlling stake in iQiyi upon the IPO via dual-class…
IQiyi IPO could target valuation of up to $10bn
They added however that the IPO is still in the early stages and the final valuation could change. News of the sale follows Baidu’s decision in 2016 to scrap plans to buy a controlling stake…
China announces plans to build a national technology transfer system
The State Council of China, the country’s cabinet, has released a memo announcing that the Chinese government intends to build a basic national technology transfer system and a ‘market of technologies’ by 2020. Plans include…
A little help from ‘Mr Bags’? Prada plays catch-up online in China
And nowhere is a revival more critical than in China, which accounts for close to a third of all global luxury sales. Crucially, Chinese luxury buyers tend to be younger than elsewhere, and online influencers…
China disrupts WhatsApp messaging service
On Monday, China’s cyber watchdog handed down maximum penalties to some of the country’s top technology firms including Tencent, Baidu and Weibo for failing to properly censor online content. The penalties were imposed for failing…
China orders North Korean businesses closed under UN sanctions
China is North Korea’s main trading partner, making Beijing’s co-operation essential to the success of sanctions aimed at stopping the North’s pursuit of weapons technology BEIJING — China on Thursday ordered North Korean-owned businesses to…
More Luxury Stores Closed in China Over the Last Year Than in Any Other Country
China has seen 62 net closures of luxury brand stores during the surveyed period, the largest number observed by Bernstein among all significant geographies. The firm viewed the trend as a revision of the over-expansion,…
