Maoyan Entertainment, a Chinese online ticketing service, will seek to raise up to $345m in a Hong Kong initial public offering this year, half of its original target of $1bn, in the latest sign of…
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China’s Biggest Movie Ticketing App Maoyan to Raise $345M in IPO
The Beijing-based company, which counts internet giant Tencent … Maoyan had 130 million monthly active users in the first half of 2018, according to its IPO prospectus filed in Hong Kong. Movie thea… ( read…
China’s largest movie ticketing app Maoyan, backed by Tencent, to raise up to US$350 million in Hong Kong IPO
Beijing Enlight Media is the largest stakeholder … According to an investor presentation document by Maoyan, the company plans to use 30 per cent of the IPO proceeds to integrate and improve platfor… ( read…
China’s Top Movie Ticketing App Seeks Up to $345 Million in IPO
(Bloomberg) — Maoyan Entertainment, China’s biggest online movie ticketing platform, is seeking to raise as much as $345 million in a Hong Kong initial public offering. The company is offering 132.4 … ( read original…
2019 IPO Landscape, New Economy Updates, Mixed Views On Tencent
XIACF data by YCharts IQ data by YCharts How did the other recent IPOs perform? Let’s look at China-based online fashion e-retailer Mogu, Inc. (MOGU). On December 6, 2018, Mogu began its life as a…
China Slams U.S. Over Military Report, Brands American ‘Cold War’ Strategy ‘Unprofessional, Hostile and Biased’
China’s foreign ministry has reacted angrily to an alarming report published by the U.S. Department of Defense, which warned that Beijing’s modernizing military could pose a threat to the United State… ( read original story…
Swiss watch brands brace for slowing Chinese demand
Investors are on edge over a softening economic backdrop in China, and weak Chinese trade data on Monday sent shares in luxury goods companies that rely heavily on Chinese customers tumbling. Some bra… ( read…
British Lotus cars to be ‘Made in China’ at new Geely plant: documents
BEIJING/SHANGHAI (Reuters) – The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion ……
Will Luckin Coffee prove a good IPO bet?
Chinese startup Luckin Coffee is reportedly seeking an IPO in Hong Kong this year, even as global coffee chain giant Starbucks has warned of a slowdown in the China market. Targeting a similar custome… (…
Xiaomi, once dubbed the ‘Apple of China,’ has lost 40% of its value since its IPO last year
Xiaomi, founded in 2010 in Beijing, rose to impressive market share among global … The company’s six-month lockup period following its IPO just expired, ushering in a wave of sales by early investor… ( read…
China needs to pay a heavy price for its treatment of Canadians
The editor of China’s state-controlled Global Times has said that “Arresting Meng Wanzhou is bringing terrorism to state and business competition.” That is the over-the-top spirit of the Chinese state … ( read original story…
Why Expansion Into China Is a Big Risk for Tim Hortons
and the brand recognition will likely give it a good head start once it launches its first store. The company hopes to start building stores in China soon, although it’s unclear when we might see…
China province looks to boost shopping with longer weekend
A province in China may give workers Friday afternoon off as part of wider efforts to boost consumption in the country’s slowing economy. Hebei province is considering extending the weekend “in areas … ( read…
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