Also launching a smaller-than-expected IPO this week is Tongcheng-Elong Holdings Ltd. The company, China’s third-largest online travel agent, is backed by internet giant Tencent Holdings Ltd 0700, -0. … ( read original story …)
Tagged By business
China’s U-turn on market curbs brings back the speculators
SHANGHAI (Reuters) – Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and … ( read original story …)
Behind China’s startup surge: meritocracy and ‘growth hacks’
They are not bound by legacy ways of doing business in the U.S., the venture investors said. It starts with China’s tech culture, which has a meritocratic system that rewards success and speeds the gr……
Alibaba-backed Babytree cuts Hong Kong IPO size by 70 per cent amid glut of new offerings and depressed stock market
Babytree Group, China’s biggest parenting platform operator … is the latest company to downsize the value of its IPO, after the supply of new shares has jumped this year and the benchmark Hang Seng ……
China’s NetEase raises $600M for its music streaming business
As Tencent Music, China’s largest streaming firm, reportedly stalls on its proposed U.S. IPO, one of its closest challengers is doubling down. NetEase Cloud Music, a rival operated by games and … ( read original…
China’s Premier Reassures Region on Growth, South China Sea
China can energize its slowing economy by adjusting policies, such as streamlining procedures like business registrations, taxes and fees, Li said in a lecture on the sidelines of the annual summit of … ( read…
CNFinance IPO: Loans Given Increased By 123% In 2017
Large banks in China are trading at 4.6x-5.5x … If the company continues the same beneficial pace after the IPO, shareholders should benefit from it. The amount of employees shows that CNFinance … ( read…
Questions raised over Bitmain profits after IPO filing
“I am not a fan of the bitcoin infrastructure play,” said one venture capitalist with offices in Hong Kong and Beijing. “It is fairly speculative in nature and these machines don’t really create signi… (…
Apple was the top-selling mobile phone brand on Alibaba platforms during Singles Day, beating Chinese rivals
In 24 hours, thousands of brands put massive discounts on their products. The figures provided by the Chinese firm did not provide details on what kind of iPhones were purchased. Huawei, China’s large… ( read…
Australian brands woo shoppers at China’s Singles’ Day sales
Shanghai |Swisse vitamins, A2 milk and Australian beef were amongst the top-selling brands flying off the online shelves during the world’s biggest annual shopping extravaganza over the weekend. But w… ( read original story …)
China says will further open up its economy, slams rising protectionism
“China has opened its door to the world … to relations that has worsened with tit-for-tat tariffs in recent months. Meanwhile, in remarks at a business summit on Monday ahead of this week’s meetings ……
Behind China’s drought of initial public offerings lies 35 exhausted and overstretched regulators
A stock market devoid of IPOs is a stagnant pool. China is in another listing drought, two years after the floodgates of initial public offerings (IPOs) were reopened. So far this year, just 80 compan……
China Steel Website Drops Dual-Class Structure for IPO
Chinese steel trading website Zhaogang.com Inc. is dropping plans to use a dual-class share structure in its Hong Kong initial public offering, people with knowledge of the matter said. Zhaogang.com p… ( read original story…
