While Google does not operate its search engine business in China, it does run its app store Google Play and the app Google Translate. The company also recently announced it will open an artificial-intelligence research…
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Asian shares track weakness on Wall St; China shares higher
Shares were lower in early Asian trading Wednesday after a lackluster session on Wall Street, where the Dow industrial average ended almost flat after backtracking from a broad rally earlier in the day. KEEPING SCORE:…
Chinese fintech Lufax set to IPO in April
To learn more and subscribe, please click here. One of China’s largest fintechs, Lufax, plans to launch its initial public offering (IPO) on the Hong Kong stock exchange in April 2018, according to sources quoted…
China’s iQIYI Takes Further Step Toward IPO (Report)
Chinese video streaming giant iQIYI is edging nearer to an IPO in the U.S. The company could seek to raise $1 billion of fresh capital. International Financing Review, part of Thomson Reuters, said Tuesday that…
China’s iQIYI Takes Further Step Towards IPO (Report)
Chinese video streaming giant, iQIYI is edging nearer to an IPO in the U.S. The company could seek raise $1 billion of fresh capital. International Financing Review, part of Thomson Reuters, said Tuesday that the…
Xiaomi targeting $100 billion IPO later this year
The IPO could value the Chinese OEM at $100 million … The float would be the first time the Beijing giant has sold shares to the public. The incredible $100 billion figure would see Xiaomi…
China-led bank spreads its wings to Africa, South America to bankroll infrastructure projects
The China-led Asian Infrastructure Investment Bank will be spreading its tentacles to South America, Africa and further into the Middle East soon, as it marks the start of its third year in business, its president…
Tot learning turns big business
Michael Moe, founder of Global Silicon Valley, a US-based education and technology investment bank, said, “China’s education business, especially the potential in the early-stage segment, is frequently talked about. In China, you don’t need to…
China-led bank spreads its yuan to Africa, South America to bankroll infrastructure projects
The China-led Asian Infrastructure Investment Bank will be spreading its tentacles to South America, Africa and further into the Middle East soon, as it marks the start of its third year in business, its president…
China’s GAC to scrap Trump-sounding brand for US market
DETROIT — Chinese automaker GAC Motor will scrap the brand name it uses in China when it enters the U.S. market next year because it could be confused with President Donald Trump’s surname. For the…
China is heading toward a debt crisis that will throw into question everything we think we know about it’s economy
China’s economic stability is founded on a mountain of debt that Council on Foreign Relations experts warn will end in a crisis. The country’s total non-financial sector debt, which includes household, corporate and government debt,…
Xiaomi is picking banks for an IPO worth up to $100 billion
Xiaomi, one of the biggest smartphone brands in China, is picking banks ahead of an IPO at a possible valuation of $100 billion (£72.3 billion). According to Bloomberg, Morgan Stanley, Goldman Sachs, Credit Suisse, and…
Xiaomi, Lufax Test IPO Investors’ Credulity
Investors, beware Hong Kong’s crazy tech IPOs. The market is facing a $160 billion trial balloon. That’s the combined valuation bankers are pitching for initial public offerings by China’s Xiaomi Corp. and Lufax this year.…
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