HONG KONG (Reuters) – China’s Meituan-Dianping, an online platform for ordering food and booking movies and restaurants, is considering an initial public offering in the United States as soon as next year, five people with…
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Hong Kong’s hottest IPO in a decade just turned supernova with top-end pricing
Tencent unit China Literature, mainland China’s largest online publishing and e-book website, is on schedule to complete the second-largest internet business IPO in Hong Kong this year, after pricing its HK$8.3 billion Hong Kong listing…
Exclusive: Foreign credit card firms hit JV obstacle in China push – sources
HONG KONG/BEIJING (Reuters) – China is pressing foreign payment card companies to form local joint ventures for onshore operations, said three people familiar with the matter, a move that would counter a pledge on market…
Beijing first failed land sale in two years shows developers’ woes
A land plot in Beijing failed to find a buyer for the first time in more than two years last Friday, as the government’s measures to cool the land market continue to take effect. The…
Trump Xi: Property man meets career communist
The property man’s Art of the Deal may have been a business bestseller … Mr Xi spent seven years as a farmer living in a cave before embarking on a four-decade climb through China’s political…
Lotte property scheme gets go ahead as China-South Korea tensions ease
Lotte Corp said on Monday that a major property development in China had received approval from the local authorities to start a second phase of construction – the latest sign that tension between Beijing and…
Brands Latch Onto China’s Obsession With Dewy Male Heartthrobs
Chinese TV star Bai Jingting may not seem like an obvious pitchman for baby formula. He’s 24, single, no kids. But a few months ago, a sub-brand of Nestlé’s Wyeth sent him to Ireland to…
Tencent’s China Literature Climbs in Gray Market Before Debut
China Literature Ltd., the online reading unit being spun out … That is 38 percent above the HK$55 price in the IPO which is expected to generate net proceeds of HK$7.17 billion ($919 million). “The…
The Trump administration made a subtle shift in its language on the Asia-Pacific and it could unnerve China
a specialist in Chinese politics at the USC US-China Institute, told Business Insider. “The US and India have a common interest in not having an assertive China dominating the region,” said Rosen. The shift has…
Tiffany Foster Enjoys Longines Equestrian Beijing Masters
Tiffany Foster enjoyed riding her borrowed mount for the Beijing Masters, Moonstar. Photo by Longines Equestrian Beijing Masters Canada’s own Tiffany Foster from North Vancouver, BC had the unique opportunity to attend the seventh-annual Longines…
Huawei, Xiaomi lead Chinese brands’ stranglehold on world’s largest smartphone market
The top smartphone brands are extending their dominance in China, with five companies now accounting for three in every four handsets sold in the world’s largest market. Huawei led the pack, boosting its market share…
China online car sales platform Yixin seeks up to US$870m in Hong Kong share offer
Yixin Group, China’s largest car retailing platform, opened its initial public share offering in Hong Kong on Monday, seeking to raise as much as HK$6.77 billion (US$870 million) in what could be the third-largest internet…
Li Ka-shing-backed Razer sees Hong Kong IPO oversubscribed by retail bidders
China Literature, a unit of Tencent Holdings and mainland China’s largest online publishing and e-book website, has locked in more than HK$520 billion of investor capital for its IPO, reflecting an oversubscription of 620 times.…
