U.S. President Donald Trump said on Friday that China had sent a list of things it was willing to do to resolve trade tensions with the United States and his administration may not have to…
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Weak credit growth raises odds of first China rate cut in years
with business conditions expected to get worse before they get better. Data this week showed credit growth slowed sharply in China in October, despite increased injections of liquidity by the … ( read original story…
Volkswagen CEO to take responsibility for China business: source
HAMBURG (Reuters) – Volkswagen chief executive Herbert Diess will take on responsibility for the carmaker’s business in China, a source said as VW’s supervisory board met in Wolfsburg on Friday. Diess … ( read original…
Alibaba-backed Babytree chops Hong Kong IPO by 70 per cent amid glut of new offerings and depressed stock market
I do not really care about the IPO size of the company. What I care is after the public offering, whether we have better opportunities to hire talent, build our brands and implement strategic plans.”…
Breakingviews – Asian IPO slump brings welcome valuation sanity
China Literature, though, subsequently joined other recently listed stars including smartphone maker Xiaomi, food delivery conglomerate Meituan Dianping and hotpot chain Haidilao on the secondary mark… ( read original story …)
Weak markets force Alibaba-backed Babytree to cut size of HK IPO
The recent performance of IPOs has been poor, in part because of weak markets rattled by a China-U.S. trade war and concerns about slowing growth in the world’s second largest economy. ( read original story…
Alibaba-backed Babytree trims size of Hong Kong IPO
The recent performance of IPOs has been poor, in part because of weak markets rattled by a China-US trade war and concerns about slowing growth in the world’s second-largest economy. Hong Kong’s bench… ( read…
Snap reveals US subpoenas on IPO disclosures as part of ongoing regulatory investigations
Snapchat, Amazon follow China with image search and buy The complaint, filed in May 2017 in US District Court in Los Angeles, also alleges that Snap did not disclose a sealed lawsuit brought before th……
China’s Bitcoin Miner Canaan Lets HK IPO Application Expire
China’s Canaan Inc, one of the world’s largest makers of cryptocurrency mining equipment, has seen its application for a Hong Kong initial public offering (IPO) expire, raising doubts on the prospects … ( read original…
Tencent-Backed Fashion Site Mogu Halves IPO Valuation Goal
The IPO would mark the latest in a string of debuts this year by companies backed or controlled by Tencent, a serial investor in China’s tech scene. The more prominent among those included Meituan Dia……
Startups backed by Alibaba, Tencent slash planned IPOs
Also launching a smaller-than-expected IPO this week is Tongcheng-Elong Holdings Ltd. The company, China’s third-largest online travel agent, is backed by internet giant Tencent Holdings Ltd 0700, -0. … ( read original story …)
China’s U-turn on market curbs brings back the speculators
SHANGHAI (Reuters) – Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and … ( read original story …)
Behind China’s startup surge: meritocracy and ‘growth hacks’
They are not bound by legacy ways of doing business in the U.S., the venture investors said. It starts with China’s tech culture, which has a meritocratic system that rewards success and speeds the gr……
