The IPO would mark the latest in a string of debuts this year by companies backed or controlled by Tencent, a serial investor in China’s tech scene. The more prominent among those included Meituan Dia……
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Startups backed by Alibaba, Tencent slash planned IPOs
Also launching a smaller-than-expected IPO this week is Tongcheng-Elong Holdings Ltd. The company, China’s third-largest online travel agent, is backed by internet giant Tencent Holdings Ltd 0700, -0. … ( read original story …)
China’s U-turn on market curbs brings back the speculators
SHANGHAI (Reuters) – Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and … ( read original story …)
China rebukes Canada and other diplomats for letter on Muslim rights
China said Thursday that 15 foreign ambassadors … rights in partnership with our like-minded allies everywhere around the world,” Trudeau said at a news conference Thursday. The letter to the Chines… ( read original story…
China’s stay-at-home shoppers propel luxury sales: Bain
That pace will slow in the medium term to 3 to 5 percent per year, they forecast, with potential “bumps” along the way like the risk of a U.S. recession or an easing pace of…
China says foreign concerns over Muslim rights unwarranted
BEIJING — China said Thursday that 15 foreign ambassadors … in partnership with our likeminded allies everywhere around the world,” Trudeau said at a news conference Thursday. The letter to the Chin… ( read original…
Behind China’s startup surge: meritocracy and ‘growth hacks’
They are not bound by legacy ways of doing business in the U.S., the venture investors said. It starts with China’s tech culture, which has a meritocratic system that rewards success and speeds the gr……
China appears to relax North Korea sanctions: report to U.S. Congress
WASHINGTON (Reuters) – A U.S. congressional commission said on Wednesday that China appears to have relaxed enforcement of sanctions on North Korea and called on the Treasury Department to provide … ( read original story…
China tells Congress to back off after planned legislation looks to sanction Beijing over imprisoning Muslims
Lawmakers in Congress plan to issue a bipartisan legislation to punish China over its persecution of the Uighurs, a majority-Muslim ethnic minority populated in the country’s west. Beijing subjects th… ( read original story …)
China Deletes 10,000 Social Media Accounts in Latest Crackdown
The cleanup began Oct. 20, the Cyberspace Administration of China said in a statement posted late Monday to its official website. The cleansing follows a similar purge in June, that took down scores o… (…
Alibaba-backed Babytree cuts Hong Kong IPO size by 70 per cent amid glut of new offerings and depressed stock market
Babytree Group, China’s biggest parenting platform operator … is the latest company to downsize the value of its IPO, after the supply of new shares has jumped this year and the benchmark Hang Seng ……
China’s October property investment growth hits 10-month low as economy slows
BEIJING (Reuters) – Growth in China’s real estate investment in October cooled to a 10-month low and home sales fell again, as developers held back expansion plans in the face of broadly softening eco… (…
China Jan-Oct property investment up 9.7 pct y/y
BEIJING, Nov 14 (Reuters) – Real estate investment in China rose 9.7 percent in the first 10 months of 2018 versus the same period a year earlier, official data showed on Wednesday. The growth was…
