The IPO values the Beijing-based, Cayman-domiciled company at $54.3 billion – or $70.3 billion after a 15 percent “greenshoe” or over-allotment option which can be sold if there is demand.
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Spies fear Miliband will be weak on China as we need their green tech to hit his Net Zero targets
US Treasury’s Bessent and China’s He launch talks on AI, trade and critical minerals
Beijing to Shanghai in 30 minutes: China ready to test its supersonic TMS-10 plane
China expands spy capabilities near US base as Xi prepares for Washington visit, former White House official warns
Why China is pushing back on US warnings over rapid AI development
Fast food from the US and China catches on in both countries
China’s 13-year-old Yu cruises as Asian Games swimming begins
Recent Posts
China’s Xiaomi secures seven cornerstone investors for US$6.1bil HK IPO
We need to stop fentanyl from China … and this shocking move is how to make a difference
China is directly involved in our fentanyl crisis. A new report outlines its extensive involvement. The only way defeat them is to work together on a bipartisan solution.
China’s Q1 fiscal revenue falls as tax cut policies weigh
China’s fiscal revenue in the first quarter fell 2.3% from a year earlier, as some special factors including previous tax cut policies weighed, the finance ministry said on Monday.
China Issues Warning to its Citizens in Angola Involved in Crypto Mining
China’s blanket ban on crypto mining, followed a mass exodus of miners to various African nations including Angola.
The Chinese site that rewired online shopping
When Pinduoduo, the Chinese discount shopping app, debuted nearly a decade ago, tech giants Alibaba and JD.com dominated China’s ecommerce business.
Hong Kong stocks soar after China’s market regulator pledges support for city’s IPOs, connect schemes
Hong Kong stocks extended gains amid expectations the latest measures announced by Chinese authorities would broaden the investor base …
Analysis-Souring China dreams force Western financial firms to cut costs
Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand …
Prices of EVs, plug-in hybrids fall in Chinese city of Shenzhen, state planner says
Prices of electric cars and plug-in hybrids in China’s Southern Shenzhen city, a metropolis with high EV adoption, have fallen 5% to 10% this year, the country’s state planner said on Monday. BYD and …
CHINA MOBILE Starts Centralised Procurement for Newtype Intelligent Computing Centre, Involving AI Servers & White Box Switches
CHINA MOBILE (00941.HK) (600941.SH) announced the launch of the 2024-25 centralised procurement plan for its newtype intelligent computing centre project, with a total planned equipment procurement …
Chinese brand confirms EV major breakthrough
Chinese carmakers are on the cusp of something big. Nio is the latest car brand in the past few weeks to detail its future battery technology that can deliver a driving range in excess of…
Hong Kong bankers face more job cuts on China slowdown, high pay
The pay for senior bankers in Hong Kong is 40% to 70% higher than what their Singapore peers receive. Read more at straitstimes.com.
People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more gold
China’s central bank has been on a buying spree for 17 straight months as it diversifies its holdings away from the US dollar.
Toxic: How the search for the origins of COVID-19 turned politically poisonous
The Chinese government froze meaningful efforts to trace the origins of the coronavirus pandemic, despite publicly declaring that it supported an open scientific inquiry, an Associated Press investiga …
