Hong Kong’s having an IPO crisis and the Tuesday failure of a mainland beverage giant’s long-awaited listing has only made … Read More The post Hong Kong’s IPO of the year looks like it might…
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US exports to China declined 4.3% year on year in 2023 amid trade tensions: report
Stunted economic growth on mainland and Sino-American political challenges weighed on 2023 decline led by agricultural and semiconductor shipments.
Gucci Sales Drop 18% In Q1 Amid China’s Slowdown And Demand For ‘Quiet Luxury’
Luxury conglomerate Kering reported a 10% decline in first-quarter sales as Gucci, its flagship brand, grapples with China woes and brand redirection.
Chinese bubble-tea maker Chabaidao sinks 27% on Hong Kong debut as investors offload shares in biggest IPO of the year
Chabaidao’s stock ended the day 27 per cent lower after slumping as much as 38 per cent. It raised about HK$2.6 billion (US$331.7 million) from the sale of 147.8 million shares at HK$17.50 each.
China’s ‘extreme’ national security focus a drag on business, US trade group says
A US business lobby has issued a report asking for clear guidelines on what activity is acceptable under China’s new security laws, as well as other suggestions for improving investor confidence.
Chinese Exports to Russia Plummet for First Time Since War Began
U.S. secondary sanctions pose “the most serious challenge” to Russia’s trade relationship with China, an analyst said.
China is still years behind the U.S. despite Huawei’s breakthrough chips, Raimondo tells ’60 Minutes’
Commerce Secretary Gina Raimondo downplayed China-based Huawei Technologies’ latest microchip breakthrough, arguing that the U.S. remains years ahead.
Xiaomi’s SU7 orders reach 70,000, EV business to stay focused on China
China’s Xiaomi has secured locked-in orders for more than 70,000 of its SU7 electric cars as of Saturday and the company intends to keep its automotive business “100% focused” on the Chinese market for the…
‘Huge Disaster’—Congress Just Introduced A Game-Changing Bill That Could Blow Up The Bitcoin Price And Crypto Market
The bill, the latest in a series of attempts to get stablecoin legislation through Congress, would see issuing companies required to hold one-to-one …
Is the tea bubble bursting? ChaPanda shares plunge in Hong Kong IPO
Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market debut Tuesday, tumbling as much as 38% from their listing price.
‘Huge Disaster’—Congress Just Introduced A Game-Changing Crypto Bill That Could Blow Up The Bitcoin Price And Crypto Market
Now, as traders bet on whether China could be about to cause another bitcoin price earthquake, a pair of U.S. senators have introduced a new crypto bill to Congress, designed to regulate dollar-pegged …
China Loses Its Appetite for Russian Coal as Import Costs Rise
China is losing its appetite for Russian coal as import taxes and logistical snarls push Asia’s biggest buyer to cheaper alternatives.
Hong Kong’s bubble tea IPO flop is a sign of the market times
The bursting of Chabaidao’s bubble will now set the tone for the Hong Kong IPO market in the coming months. During a time of high competition for scarce funds, heading to market ahead of its…
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