Dida Chuxing has jumped ahead of rival Didi Chuxing to apply for what looks to be Asia’s first initial public offering out of the ride-hailing sector. Backed by online retailer JD.com, New York-listed … (…
Tagged By business
China Golden Week holiday pumps up tourism, boon to economy
That marked a decline of 21% for domestic tourists from last year’s Golden Week and a 30% decline for spending. Still the numbers show consumption is beginning to bounce back following the battering … (…
The US doesn’t have to believe anything China says, but it doesn’t have to pick a fight with China either
Washington can commit to “telling the truth about China,” without needlessly antagonizing Beijing or taking steps that could lead to war. ( read original story …)
China Inc set for biggest US IPO year since 2014 amid spat
citing Beijing’s refusal to allow inspections of the firms’ audits. For some, the threat of future delisting didn’t put them off. Online property platform KE Holdings in July raised US$2.4 billion in … ( read…
China funds targeting Ant IPO rake in $9 billion from over 10 million investors
Five newly launched Chinese funds targeting Ant Group’s upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within … ( read original story …)
China Inc. Set for Biggest U.S. IPO Year Since ‘14 Amid Spat
Chinese companies are choosing to make their market debuts in the U.S., even as Beijing and Washington spar over everything from trade and coronavirus to audit access. ( read original story …)
China’s Ant: As US election nears, financial giant rushes for IPO
“Most of Ant’s business is in China and the rest of Asia so U.S. restrictions will not be a huge deal.” According to Ant’s IPO prospectus, it gets less than 5% of its revenue from…
China’s health care sector consolidation to produce global champions, says investor in newest Hong Kong IPO winner
China’s rapidly growing health care industry will consolidate … Its HK$3.3 billion (US$421 million) IPO was 27-times oversubscribed by institutional investors and 654 times by retail investors. The … ( read original story …)
China’s Lufax Pursues U.S. IPO
Chinese online wealth management firm Lufax is seeking an IPO in the U.S. and list American Depositary Shares on the New York Stock Exchange. ( read original story …)
Brands’ Dazzling China Viewing Events Saw Record-breaking Results
Prada, Fendi, Valentino, Hugo Boss, Dior and Miu Miu’s effort to host events for hundreds of guests to watch the show live in China paid off. ( read original story …)
Luxury Brands Got Creative This Season. Will It Pay Off in China?
The pandemic forced brands to experiment at fashion weeks in Paris, London, Milan and New York. What worked for Chinese consumers and which brands scored highest in the world’s largest luxury market? ( read original…
China Inc. Set for Biggest U.S. IPO Year Since 2014 Despite Spat
Chinese companies are choosing to make their market debuts in the U.S., even as Beijing and Washington spar over everything from trade and coronavirus to audit access. ( read original story …)
China’s Lufax files for US IPO against backdrop of rising tensions
Lufax, one of China’s biggest online lending platforms, has announced plans for a US initial public offering even as the Trump administration pushes ahead with plans to delist companies from the … ( read original…
