The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said … ( read original…
Tagged By business
SoftBank’s Masayoshi Son is poised for another IPO windfall in 2021
The Beijing-based company is in talks to raise money at a $180 … Online home-insurance provider Lemonade Inc. quadrupled since its July IPO, while oncology drug developer Relay Therapeutics Inc. has … ( read original…
Jack Ma: China’s spat with billionaire is part of bigger push to control big tech – Silicon Valley could be next
Chinese tech billionaire Jack Ma has allegedly fallen out with the Beijing government. Several recent articles … and that he and his colleagues were called in for questioning. The planned IPO of his … (…
China’s home appliance manufacturers left cursing export orders as costs rise, profits vanish amid yuan rally
Faced with a perfect storm of a strong yuan and the rising cost of raw materials, China’s home appliance manufacturers are fearful of booming exports orders caused by the coronavirus as profits … ( read…
How One Indie Luxury Brand Conquered The China Market
As China started becoming familiar with DTC brands, the American luxury label Senreve entered its market, bringing with it a perfect plan for success. ( read original story …)
China Wants to Build a $306 Billion Used-Car Market From Scratch
China, intent on boosting domestic consumption, wants to double the value of secondhand vehicle sales by 2025. ( read original story …)
Britain’s M&S backs call to stop forced labour in China’s Xinjiang
British retailer Marks & Spencer on Wednesday became one of the first major brands to back a drive to stop forced labour in cotton and garment sourcing from China’s Xinjiang region. ( read original story…
Chinese classical music platform Kuke Music sets terms for $55 million US IPO
Kuke Music Holding, which provides classical music licensing, subscription, and education services in China, announced terms for its IPO on Wednesday. The Beijing, China-based company plans to raise … ( read original story …)
SoftBank’s Son Is Poised for Another IPO Windfall in 2021
SoftBank Group Corp. is preparing to take at least six more of its portfolio companies public this year, building on a 2020 turnaround that pushed the value of Masayoshi Son’s technology conglomerate … ( read…
Renaissance Capital’s 2020 Global IPO Market Recap
Despite the postponement of mega-IPO Ant, Asia Pacific drove proceeds (51% of proceeds; +53% y/y) with the year’s largest IPOs including China’s SMIC and Beijing-Shanghai Railway, followed by North … ( read original story …)
The conspicuous absence of Chinese tech mogul and Alibaba co-founder Jack Ma
The Alibaba co-founder’s disappearance from public view amid a clampdown by China’s regulators has fueled rumors, and may be a warning to fellow fat cats. ( read original story …)
The Ordinary’s China Distributor, SuperOrdinary, Gets Investment From ACG
Alliance Consumer Growth has made a minority investment in SuperOrdinary, a company that specializes in helping U.S.-based beauty brands expand into China. SuperOrdinary was started by Julien Reis, an … ( read original story …)
Snow Lake urges MGM Resorts International to sell 20% of China business – letter
Investment firm Snow Lake Capital on Wednesday urged MGM Resorts International to sell 20% of its China business to a strategic partner, calling it a “win-win transaction” for all. ( read original story …)
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