Pinduoduo Inc. founder Colin Huang became China’s 12th richest person with the soaring U.S. trading debut of his e-commerce company. The former Google engineer’s $13.8 billion fortune after the IPO pl… ( read original story…
Tagged By business
Qualcomm ends $44 billion NXP bid after failing to win China approval
The Trump administration played an outsized role in Qualcomm’s fate and there had been expectations that the lifting of a ban on U.S. chipmakers doing business with China’s ZTE Corp (000063.SZ) would … ( read…
WeWork’s China Subsidiary Is Raising $500 Million
WeWork Cos.’s China-focused subsidiary is raising $500 million from Asian investors, the co-working giant said Thursday. The round values the business at $5 billion, according to people familiar with … ( read original story …)
China’s Pinduoduo raises $1.6 billion in range-topping U.S. IPO: sources
HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the s… ( read original story…
China’s Pinduoduo prices U.S. IPO at top of range, raises $1.6 billion: sources
HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the s… ( read original story…
China Tower seeks US$8.7 billion IPO
Hong Kong, China (AFP) — China’s State-owned China Tower — the world’s largest operator of telecommunications towers — announced Tuesday it will aim for US$8.7 billion initial public offering in Hong … ( read original…
China’s Pinduoduo prices US IPO, raises US$1.6 bln
HONG KONG: Chinese online group discounter Pinduoduo Inc priced its US initial public offering (IPO) at US$19 per American depositary share (ADS), raising US$1.63 billion in the second-biggest US floa… ( read original story …)
Breakingviews- China Tower offering sends the right signals
HONG KONG (Reuters Breakingviews) – China Tower’s initial public offering is sending the right signals. The mobile-mast giant has set a fair price range for its Hong Kong IPO, which could raise nearly … (…
Fear factor: China steel exporters delay shipments, giving space to rivals
Among those that have canceled or delayed cargoes are Chinese exporters that have been taking advantage of Beijing’s generous tax rebate system on value-added steel, according to two Chinese exporters … ( read original story…
China crisis: Foreign food brands forced to innovate to avoid losing share in tough market
As a trade war between Washington and Beijing gathers steam, some of the best known foreign food and beverage brands have been finding themselves on the back foot in their own battles in China. The…
Online fame makes niche brands popular
In recent years, the majority of international makeup brands’ sales have come from Chinese e-commerce websites such as Tmall and JD. [Photo by Niu Jing/For China Daily] Smaller overseas cosmetic brand… ( read original story…
China’s $9 Billion Plan to Boost 5G Undermined By Trade War
State-controlled China Tower Corp., which operates almost 99 percent of the country’s wireless towers and charges its three carriers leasing fees, is preparing to raise as much as $8.7 billion in a Ho… ( read…
Move Over Millennials: Why Brands Should Stop Ignoring China’s Silver Generation
Everyone knows the fastest growing group in China is the millennial demographic, right? Think again. The “silver generation” is actually the fastest-growing group in China, and seniors—a demographic t… ( read original story …)
ADVERTISEMENT
