China has given North Korean companies operating in China 120 days to close, including joint ventures with Chinese firms. The decision is a significant toughening of Beijing’s dealings with North Korea, which operates restaurants and…
Tagged By business
More Chinese fintech firms to eye Hong Kong IPOs, says JP Morgan
Zhong An Online Property and Casualty Insurance, China’s first online-only insurer, closed nine per cent up from its IPO price on Thursday in its Hong Kong debut. With an oversubscription of nearly 400 times from…
China-Based RISE Education Files For $100 Million U.S. IPO
I’ll provide a final opinion when we know more details about the IPO. Beijing, China-based RISE Education Cayman was founded in 2007 to provide after-school English lessons. Management is currently headed by CEO Yiding Sun…
Beijing rules out direct aid on ChemChina’s $44bn Syngenta purchase
Beijing will not directly intervene to shore up Swiss seeds … ChemChina will also be able to tap proceeds from next week’s IPO of Italian tyre company Pirelli. The prospect of unknown liabilities from the…
ZhongAn Insurance Starts Trading on the Hong Kong Stock Exchange
We can foresee a few more to come in the near future: Chinese micro-lender Qudian has filed for its U.S. initial public offering; word has also come out that Beijing-based Quant Group will do its…
Roku’s IPO Price Just Gave the Company a $1.3 Billion Valuation
Roku has priced its IPO at the high end of the indicated price range … Tillerson to cover North Korea, Trump visit during China trip US experts said Beijing’s coal imports in August highlight its…
China’s first online insurer surges in stock market debut
Xu Xiaohua, vice-president of the insurance school at the Central University of Finance and Economics in Beijing, estimates life insurance … was 393 times the number of shares on offer in the IPO, ZhongAn told…
Chinese Education Co. Raises $144M In Above-Range IPO
Beijing-based RYB offered 7.8 million American depositary shares at $18.50 each, exceeding its original price range of $16 to $18. The company directly sold 5.5 million shares in the IPO, while a shareholder affiliated with…
iQiyi said to seek at least $8b value in IPO
A foreigner watching video programmes on iQiyi at an expo held in Beijing. [Photo by A Jing/For China Daily … Baidu wants to continue holding a controlling stake in iQiyi upon the IPO via dual-class…
IQiyi IPO could target valuation of up to $10bn
They added however that the IPO is still in the early stages and the final valuation could change. News of the sale follows Baidu’s decision in 2016 to scrap plans to buy a controlling stake…
More Luxury Stores Closed in China Over the Last Year Than in Any Other Country
China has seen 62 net closures of luxury brand stores during the surveyed period, the largest number observed by Bernstein among all significant geographies. The firm viewed the trend as a revision of the over-expansion,…
Top 10 sedan brands on China market
The China Association of Automobile Manufactures released the list of the top 10 sedan brands by sales for January to August on its official website on Sept 20. Lavida took the top spot, with sales…
5 Digital Solutions to Market Your “New” Brand in China
Most brands are quite successful in their country. But when they enter China, they need to understand they are starting from scratch. You have to build awareness, get the trust of the consumers and create…
