Baidu Inc.’s iQiyi is targeting a U.S. initial public offering as soon as in 2018 that could value China’s most popular Netflix-style streaming video service at more than $8 billion, two people familiar with the…
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KPMG sees Hong Kong IPO proceeds to reach up to $19.3b in 2017
HONG KONG — IPO proceeds of China’s Hong Kong Special Administrative Region are expected to reach up to HK$150 billion (about $19.3 billion) in 2017, with listings from technology, media, and telecom (TMT) sectors on…
Baidu’s iQiyi said to seek at least $8 billion value in US IPO
The IPO process however is in its early stages and the final valuation … Many Google services that distribute content, such as YouTube, remain blocked in China, reducing the US company’s ability to expand in…
In Ivanka’s China, business ties shrouded in secrecy
SHANGHAI — It is no secret that the bulk of Ivanka Trump’s merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes and clothes is more secret than ever, an…
China approves another batch of 9 IPOs
Another set of applications to launch IPOs has been approved in China. The China Securities Regulatory Commission (CSRC) has recently given its go-signal on the IPO applications of nine companies. The firms hope to fetch…
Trudeau urges Canadian business owners to seek fortune in China
Prime Minister Justin Trudeau is playing up China‘s potential as a market for Canadian products, touting the benefits of globalization and free trade amid the backdrop of Ottawa’s turn hosting the latest round of NAFTA…
China Blocks WhatsApp, Broadening Online Censorship
“Even WhatsApp is blocked now? I’m going to be out of business soon,” another Chinese social media user said on Weibo. In China, even the use of email is fading as residents embrace the convenience…
China’s online shopping giant Alibaba launches AliPay payment platform in Canada
READ MORE: Trudeau urges Canadian business owners to seek fortune in China AliPay North America president Souheil Badran says the company wants to offer Canadian merchants the opportunity to access the Chinese market. He says…
What you need to know to capture the digital market in China
Speaking at the 2017 Sydney China Business Forum, Nicolas Chu from Sinorbis, a company which specialises in marketing to China, suggests understanding the differences between China and the West is integral if you are to…
China should reduce restrictions on foreign capital, senior economists say
China should further reduce restrictions on foreign investors and advance efforts to continue opening up the financial sector, a former senior official with the International Monetary Fund said on Saturday. “Granting more access to foreign…
Why China’s Uber is investing in used cars
For Didi, which defeated Uber’s attempt to build a successful China business, used cars offer a potentially lucrative addition to its growing empire. “They want to own as much business as possible related to transportation,”…
Hong Kong poised to be toppled from top of global IPO league table for first time in two years
During the period, US$2.69 billion was raised from 32 deals on both the main board and the Growth Enterprise Market, data from Thomson Reuters showed, a sharp fall from the US$11.74 billion seen a year…
Chinese brands outstrip rivals in market share
That’s more than double the growth rate of the passenger car sector as a whole, according to statistics from the China Association of Automobile Manufacturers. Chinese brands seized 43.2 percent of the market share in…
