China Tourism Group Duty Free is planning to raise around $2 billion from a Hong Kong initial public offering, returning to the market after pulling a deal at the end of last year.
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China’s Huawei says first-half profit drops 52% as demand weakens
Huawei Technologies said on Friday its first-half net profit more than halved as a difficult economy curtailed demand from customers, compounding woes brought by U.S. technology restrictions. “While …
China’s Huawei says sales down but new ventures growing
Chinese tech giant Huawei says its revenue fell in the first half of 2022 but new ventures in autos and industrial technology helped to offset a decline in smartphone sales under U.S. sanctions.
THE WRONG CROWD: China is closing in on critical un-mass
For the first time since the calamitous great famine of the Great Leap Forward in 1961, China’s population could shrink this year.
China Crypto Mogul Seeks to Sell Huobi Stake at $3 Billion Value
Huobi Group founder Leon Li is in talks with a clutch of investors to sell his majority stake in the crypto-exchange at a valuation of as much as $3 billion, in what could be the…
China’s ballooning property crisis: Homebuyers run out of patience with developers
Homebuyers in around 100 cities, involving more than 300 housing projects, have boycotted mortgage payments, according to a crowdsourced document named ‘WeNeedHome’ …
After Lithuania, Latvia & Estonia Withdraw From China Cooperation Group Over Taiwan Issue
Following Lithuania, Baltic countries Latvia & Estonia on Thursday stepped back from the China Cooperation Group, drawing massive flak from Beijing.
Malaysia, China should capitalise on New International Land-sea Trade Corridor, RCEP to strengthen partnership – MITI
Malaysia and China should capitalise on the New International Land-Sea Trade Corridor along with the Regional Comprehensive Economic Partnership (RCEP) to strengthen the existing trade and investment …
China’s third-biggest IPO doubles in trading bebut
The Beijing-based company executed this year’s third-largest listing in the Asian country, where big offerings are flourishing despite a slump in traditional IPO venues.
China poised to partially renew medium-term policy loans, keeping rate steady
China’s central bank is widely expected to partially roll over maturing medium-term policy loans on Monday, while keeping borrowing costs unchanged for the seventh month in a row, a Reuters survey …
China’s SMIC posts quarterly revenue surge but warns of some panic in chip sector
Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on Friday reported a 42% jump in second-quarter revenue but also said the sector was facing some “panic and uncertainty”. A …
China’s third-biggest IPO of the year doubles in trading debut
The stock soared as much as 105% to 73.80 yuan. Hygon’s offering raised 10.8 billion yuan ($1.6 billion) following the sale of 300 million shares at 36 yuan each. It’s the largest debut for the…
China Tourism’s duty free shop picks Hong Kong for US$2.5 billion IPO as the world’s largest travel retailer raises capital to expand
The world’s largest travel retailer aims to raise up to US$2.5 billion, making it the largest IPO in Hong Kong in 14 months The company will start its public offering from Monday to Thursday, to…
