To offset COVID-19 losses, brands joined China’s three-week shopping holiday, 618, including many luxury brands that have long shied away from discounts. ( read original story …)
Tagged By business
Shanghai, Santa Clara software IPO soars after it tops targets, raises $350M
The Chinese #software company, whose U.S. headquarters is in Santa Clara, raised $350 million Friday in an #IPO that topped its price targets. It is the first Wall Street debut of the year by a…
Blockchain Expands in Advertising Industry, but Crypto Remains a No Go
Crypto has been left out of the advertising industry, but blockchain technology may be its ticket back in to innovate and change the space … ( read original story …)
Covid Online Boom Spawns Top U.S. IPO Since Beyond Meat, Lifts China VCs
Grocery chain Albertsons might have been the best-known IPO in the U.S. this week among American investors, but the top performance went to a Shanghai-based technology company. Shares in video and … ( read original…
Agora’s above-range pricing underscores a welcoming IPO market
Agora’s financials make its IPO pricing a neat puzzle, so let’s pull apart the good and the bad to better understand why the market was willing to pay than the company anticipated. ( read original…
Exchanges take shape in Macau, Guangzhou to turbocharge southern China’s Greater Bay into Asia’s largest financial market
Two new financial markets are taking shape on the drawing boards in southern China, with the potential to turbocharge the Greater Bay Area (GBA)’s economic growth engine. This is the making of Asia’s … (…
China’s STAR drives IPO momentum on A-share market: EY report
BEIJING, June 27 (Xinhua) — Shanghai Stock Exchange’s sci-tech innovation board, commonly known as the STAR market, has continued to drive the momentum of initial public offerings (IPOs) on the … ( read original story…
In Seizing Control, China Sidelines Its Allies in Hong Kong
Local tycoons and British-trained civil servants helped promote Beijing’s agenda in the territory. Now Beijing seems ready to push them aside. ( read original story …)
China’s new economy markets are ‘crowded’ but still have some upside: China Renaissance
China’s new economy stock markets still have some upside to them despite being “well crowded,” but the recent coronavirus shock may soon take a bit of money “off the table” for some names, says Andrew…
The US Navy’s top admiral in Europe says China is copying Russia’s interference playbook there
Russia threatens and interferes with its neighbors in Europe, and China may be looking to do the same, Adm. James Foggo said Thursday. ( read original story …)
After deadly border clash with China, India wants Russia to hurry up and deliver its S-400 air-defense system
China already has the Russian-made S-400 in its arsenal, and after a bloody border brawl, India wants to get its hands on the system it ordered. ( read original story …)
How Allbirds and Supergoop! Found Growth in China: Key Takeaways
U.S. brands Allbirds and Supergoop! joined the conversation and shared the latest updates on their businesses in China, their experiences participating in 6.18 and tips for businesses looking to enter … ( read original story…
Agora’s above-range IPO pricing underscores a welcoming IPO market
Agora’s financials make its IPO pricing a neat puzzle, so let’s pull apart the good and the bad to better understand why the market was willing to pay than the company anticipated. ( read original…
