The China-led Asian Infrastructure Investment Bank will be spreading its tentacles to South America, Africa and further into the Middle East soon, as it marks the start of its third year in business, its president…
Tagged By beijing
China’s GAC to scrap Trump-sounding brand for US market
DETROIT — Chinese automaker GAC Motor will scrap the brand name it uses in China when it enters the U.S. market next year because it could be confused with President Donald Trump’s surname. For the…
China is heading toward a debt crisis that will throw into question everything we think we know about it’s economy
China’s economic stability is founded on a mountain of debt that Council on Foreign Relations experts warn will end in a crisis. The country’s total non-financial sector debt, which includes household, corporate and government debt,…
Xiaomi is picking banks for an IPO worth up to $100 billion
Xiaomi, one of the biggest smartphone brands in China, is picking banks ahead of an IPO at a possible valuation of $100 billion (£72.3 billion). According to Bloomberg, Morgan Stanley, Goldman Sachs, Credit Suisse, and…
Xiaomi, Lufax Test IPO Investors’ Credulity
Investors, beware Hong Kong’s crazy tech IPOs. The market is facing a $160 billion trial balloon. That’s the combined valuation bankers are pitching for initial public offerings by China’s Xiaomi Corp. and Lufax this year.…
Why 2018 Will Be A Renaissance Year For Asia Tech IPOs, Undercutting New York
The number represents a growth in the number of IPOs, but a slip in the overall proceeds compared to the previous year — because of deal size. However, Edward Au, co-leader of the national public…
China’s Lufax seeks $60 billion valuation with April Hong Kong IPO – SCMP
China’s largest online wealth management platform, Shanghai Lujiazui International Financial Asset Exchange, or Lufax, is seeking a valuation of $60 billion with its April initial public offering in Hong Kong, the South China Morning Post…
Xiaomi’s smart wearable partner Huami files for $150 million US IPO
Sources close to Xiaomi’s senior executives are claiming that Xiaomi has decided to set its IPO for the second part of 2018 at a market of valuation of $200 billion. Emma Lee is Shanghai-based tech…
Will Lufax’s stock sale in April help Hong Kong in its race for the IPO crown?
Hong Kong’s IPO value for 2017 dropped to the lowest since 2012 to US$16.3 billion, compared with US$49.5 billion in the US and US$31.7 billion in China, according to data from Dealogic. The fact Lufax…
Xiaomi mandates Citic Securities, Morgan Stanley, Goldman Sachs for IPO
Lufax, China’s largest online wealth management platform, is expected to sell $6 billion to $9 billion of shares in its IPO, and is seeking a valuation of $60 billion, the South China Morning Post reported…
Xiaomi Chooses Morgan Stanley And Goldman Sachs Group For Its IPO
According to the latest reports, Xiaomi — the China-based technology company, has selected Morgan Stanley and Goldman Sachs Group for its planned initial public offering (IPO). Along with them, Credit Suisse Group AG and Deutsche…
CITE2018 Presented “China Night” in Las Vegas
LAS VEGAS, Jan.15, 2018 — As CES 2018 was gathering leading Chinese technology enterprises in Las Vegas with an aim of exploring the overseas market, China Information Technology Expo (CITE) joined hands with China’s Consulate…
Exclusive: China’s JD.com targets $2 billion fundraising at logistics unit – sources
HONG KONG (Reuters) – China’s second-biggest e-commerce firm JD.com JD.O has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business…
