Reddit is targeting a valuation of up to $6.4 billion as it gets for its initial public offering later this month.
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Lotus Shares Tumble 40% Since IPO, As Parent Geely Plans World Domination
Taking Lotus Tech public wasn’t the success story Geely may have hoped for. After two weeks, shares on the Nasdaq have plummeted by nearly 40%, from $13.80 at listing on February 23 to $8.37 at…
China’s nationalists put water firm under fire, dousing private sector’s flickering confidence
Attacks by internet users on China’s biggest water company have prompted concerns over whether other private businesses will come under boycott, hampering growth at a time when the country needs it …
US carefully monitors chip exports to China, deepens investments in Philippines
U.S. Commerce Secretary Gina Raimondo led a U.S. Presidential Trade and Investment Mission to boost US contributions to the Philippines and strengthen bilateral economic ties.
IPO Roundup: Boundless Bio, NeOnc Technologies and more
The U.S. IPO market is gearing up for a busy week, with several small issuers preparing to make their debut. It follows a mixed week for new public listings, marked by the 32% surge of…
Reddit IPO to Raise up to $748 Million Through Stock Debut, With Valuation of up to $6.4 Billion
Reddit disclosed financial details of its forthcoming IPO, through which it’s aiming to raise as much as $748 million.
Apple and Tesla feel the pain as China opts for homegrown products
Apple and Tesla are the latest foreign companies to feel the pain of China’s shift towards local brands. Sales of Nike and Adidas clothing have yet to return to their 2021 peak. A recent McKinsey…
China is working on a system to rival Elon Musk’s shelved Hyperloop idea — now, the train can reach an incredible 387 mph
If it’s successful, it could be the next potential solution for high-speed travel across relatively short distances. China is working on a system to rival Elon Musk’s shelved Hyperloop idea — now, the …
US is constantly assessing expansion of chip export controls that can boost China’s military
The U.S. commerce secretary says Washington is constantly assessing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that can be used …
China continues pushing for blockchain legislation – The latest move
China’s legislative bodies are working hard to update and pass laws that focus on blockchain. They want to create a clearer set of laws and rules. This project will also deal with the risks that…
Conclusion of NPC session highlights guarantees for healthy private sector: China Daily editorial
The development of new quality productive forces is a clear priority for the country, as the advancements in artificial intelligence, blockchain, cloud computing, big data, the metaverse and Web 3.0 …
Chinese drinks seller Mixue plans IPO as it becomes world’s FOURTH largest franchise
Footage shows branches of Chinese bubble tea giant Mixue – which has become the world’s fourth-largest franchise amid plans for an IPO this year. The retailer – which started as a single market stall …
China Should Relax Filing System to Boost HK IPOs, SFC Chief Says
Besides IPO-hopefuls, China could zoom in on investors during the year of the 10th anniversary of the launch of the Stock Connect between the mainland and Hong Kong. Going forward, regulators could …