GUANGZHOU, China, Sept. 29, 2017 /PRNewswire/ — GAC Motor, China’s fastest growing automaker, has consolidated its position of dominance in the auto industry by retaining its position as the highest ranking Chinese brand in J.D.…
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China’s bitcoin market alive and well as traders defy crackdown
In the short-run, the crackdown has also created an arbitrage opportunity for investors, with the price of bitcoin in China now trading at a discount to overseas exchanges. “They can’t set rules to stop me…
China sets 2019 deadline for automakers to meet green-car sales targets
FILE PHOTO: A Roewe 950 hybrid electric car is displayed with its plug-in charger at an electric car dealership in Shanghai Thomson Reuters By Norihiko Shirouzu and Adam Jourdan BEIJING/SHANGHAI (Reuters) – China has set…
China orders North Korean companies to get out by January
China has given North Korean companies operating in China 120 days to close, including joint ventures with Chinese firms. The decision is a significant toughening of Beijing’s dealings with North Korea, which operates restaurants and…
More Chinese fintech firms to eye Hong Kong IPOs, says JP Morgan
Zhong An Online Property and Casualty Insurance, China’s first online-only insurer, closed nine per cent up from its IPO price on Thursday in its Hong Kong debut. With an oversubscription of nearly 400 times from…
China-Based RISE Education Files For $100 Million U.S. IPO
I’ll provide a final opinion when we know more details about the IPO. Beijing, China-based RISE Education Cayman was founded in 2007 to provide after-school English lessons. Management is currently headed by CEO Yiding Sun…
Beijing rules out direct aid on ChemChina’s $44bn Syngenta purchase
Beijing will not directly intervene to shore up Swiss seeds … ChemChina will also be able to tap proceeds from next week’s IPO of Italian tyre company Pirelli. The prospect of unknown liabilities from the…
ZhongAn Insurance Starts Trading on the Hong Kong Stock Exchange
We can foresee a few more to come in the near future: Chinese micro-lender Qudian has filed for its U.S. initial public offering; word has also come out that Beijing-based Quant Group will do its…
Roku’s IPO Price Just Gave the Company a $1.3 Billion Valuation
Roku has priced its IPO at the high end of the indicated price range … Tillerson to cover North Korea, Trump visit during China trip US experts said Beijing’s coal imports in August highlight its…
China’s first online insurer surges in stock market debut
Xu Xiaohua, vice-president of the insurance school at the Central University of Finance and Economics in Beijing, estimates life insurance … was 393 times the number of shares on offer in the IPO, ZhongAn told…
Chinese Education Co. Raises $144M In Above-Range IPO
Beijing-based RYB offered 7.8 million American depositary shares at $18.50 each, exceeding its original price range of $16 to $18. The company directly sold 5.5 million shares in the IPO, while a shareholder affiliated with…
iQiyi said to seek at least $8b value in IPO
A foreigner watching video programmes on iQiyi at an expo held in Beijing. [Photo by A Jing/For China Daily … Baidu wants to continue holding a controlling stake in iQiyi upon the IPO via dual-class…
IQiyi IPO could target valuation of up to $10bn
They added however that the IPO is still in the early stages and the final valuation could change. News of the sale follows Baidu’s decision in 2016 to scrap plans to buy a controlling stake…