Megvii, backed also by Alipay-operator Ant Financial, Lenovo Group Ltd. and China Mobile Ltd., this year allowed its application for a Hong Kong IPO to lapse, throwing its future plans into question. ( read original…
Tagged By business
Citi Replaces Credit Suisse on WeDoctor IPO Role
Citigroup Inc. has been picked for a top role on WeDoctor’s Hong Kong initial public offering, replacing Credit Suisse Group AG, according to people with knowledge of the matter. ( read original story …)
China probes alleged fraud at Luckin Coffee, banks review IPO work
“It will affect potential U.S. IPOs from China. China’s economy is not doing well already and with Luckin’s scandal these companies will face much tighter scrutiny for going public,” said … ( read original story…
Renault withdraws from Dongfeng venture, its main China business, as sales slump
Renault SA said on Tuesday it is pulling out of a loss-making business with Dongfeng Motor Group due to poor sales, becoming only the second global automaker to exit a major venture in China in…
China is back to business, but these five questions need an answer
The world is still struggling with a crisis that was originated in China and it needs a lot of answers from the Asian giant … ( read original story …)
Five-step plan for reopening business is put to the test in China
Companies are anxious to resume production after coronavirus shutdowns. A blueprint is emerging, but it’s easier said than done. ( read original story …)
China’s exports fall in March as pandemic hits world markets
China’s exports fell in March but at slower pace than the 17% contraction seen in January-February as the coronavirus shutdown paralyzed much business activity. Exports … ( read original story …)
China moves to block new virus flare-up on Russian border
China is facing a new coronavirus flare-up along its remote northern border with Russia, far from the epicenter of Wuhan where it is close to declaring victory in the battle against the pandemic … (…
China Delays Mask and Ventilator Exports After Quality Complaints
Chinese customs officials, facing accusations from Europe that some medical supplies have been defective, say they will inspect every shipment. ( read original story …)
Reopenings Weighed; China Makes Pledge to Africans: Virus Update
Countries across the globe weighed the timing for easing restrictions, as the CDC said the outbreak has stabilized across the U.S. and other hot spots showed slower rates of infections. ( read original story …)
Dow Futures Gain Ahead of Q1 Earnings Kick-Off: China Trade Data Boosts Sentiment
JPMorgan kicks-off the first quarter earnings season Tuesday, but near-term forecasts will likely dictate sentiment as investors look to when, and how, the U.S. economy will ultimately roar back to … ( read original story…
Is China Mengniu Dairy Company Limited’s (HKG:2319) CEO Salary Justified?
In 2016 Jeffrey Lu was appointed CEO of China Mengniu Dairy Company Limited (HKG:2319). This analysis aims first to contrast CEO compensation with other large companies. After that, we will consider … ( read original…
China AI Startup to File for Hong Kong IPO Soon Despite Protests
Photographer: Qilai Shen/Bloomberg Photographer: Qilai Shen/Bloomberg Chinese artificial intelligence startup Megvii is filing documents soon for a Hong Kong initial public offering that could raise … ( read original story …)
