Hesai’s listing marks a potential comeback of Chinese companies seeking to raise capital in the US. Read more at straitstimes.com.
Tagged By business
Hesai Raises $190 Million in Biggest Chinese U.S. IPO Since 2021
Trade between China and the U.S. has increased, though, despite ongoing political tension. Hesai Group (HSAI), the self-driving car technology company, raised $190 million in a U.S. initial public …
Chinese LiDAR maker Hesai stock jumps 15% after upsized $190M IPO
Chinese LiDAR systems maker Hesai (NASDAQ:HSAI) stock jumped 15% following the company’s upsized $190M US initial public offering on Thursday. Load Error Shares of Hesai opened at $23.75, reaching an …
UK Paid £2.3 Billion to the EU to Settle China Import Fraud Case
The UK government paid £2.3 billion to the European Union to settle a long-standing fraud case relating to imports of Chinese textiles and footwear, saying the payment was necessary to fulfill its …
Column: China crude demand rising, but costly Saudi oil is less desirable
The surprise increase in the price of Saudi Arabian crude oil for March-loading cargoes is being viewed by the market as a bullish signal that Chinese demand is ramping up as the world’s biggest …
US senators push import ban-inspired curbs on China
The bill, which was first introduced before the US midterm elections in November last year, but has been tweaked with updates from the White House and lawmakers, is informed by China’s 2021 …
China approves blockchain research centre in Beijing, aiming to make breakthroughs while maintaining cryptocurrency ban
The new centre will also focus on major use cases related to the national economy and personal livelihoods, making blockchain an important foundation for China’s new digital infrastructure, Beijing …
Britain says it paid $2.8 bln to EU to settle Chinese import fraud case
Britain’s finance ministry said on Thursday it had paid 2.6 billion euros ($2.8 billion) to the European Union, after an EU court ruled that the former EU member should pay billions of euros it failed…
China’s State Refiners Buy More Russian Oil, Energy Aspects Says
China’s state-owned oil majors have stepped up Russian imports in a sign that Beijing is ready to give the go-ahead for more purchases of the country’s crude, according to industry consultants Energy …
What Is Huobi and How Does Its Crypto Exchange Work?
Having been launched in 2013, Huobi is also one of the oldest names in crypto and has built teams in Hong Kong, Japan, South Korea, the United Kingdom, Australia, Canada, and Brazil. Huobi also has…
China Move Sparks Hope Australia’s Lobster Imports Will Resume
Australia’s trade minister raised hopes that the lobster trade with China could restart within months amid a rapid thaw in diplomatic and economic relations between the countries.
First came fast-fashion giant Shein. Now other Chinese brands are gunning for the same success
Manufacturing is leaving China for cheaper countries. To survive, Chinese factories are trying to create their own global brands to sell their goods.
Hesai Raises $190 Million in Biggest Chinese US IPO Since Didi
Hesai Group, a developer of sensor technologies used in self-driving cars, has raised $190 million in an initial public offering, the largest by a Chinese issuer in the US market since the crash of …
ADVERTISEMENT
