It owns 25% of Agora’s Class A shares. Other major pre-IPO Class A shareholders include Shanghai-based Morningside Ventures, with a 15.7% stake; Susquehanna International Group (12.8%); Beijing-based … ( read original story …)
Tagged By crypto
Crypto mining company Ebang International prices US IPO slightly below midpoint at $5.23
Ebang International Holdings, which makes equipment for cryptocurrency mining in China, raised $101 million by offering 19.3 million shares at $5.23, slightly below the midpoint of the range of $4.50 … ( read original story…
China Gets Its First Blockchain-Based Public Resource Bidding Platform
China’s Yunnan province city of Kunming has completed the development and internal testing of the country’s first completely blockchain-based public resource bidding platform. Public resource … ( read original story …)
China And ‘The Last Dance’ Propel Nike’s Jordan Brand To Record $3.6 Billion In Revenue
The Jordan Brand was the only one of Nike’s seven business segments to report increased revenue for the past 12 months. The 15% gain, follows a 10% rise in 2019. ( read original story …)
China Mobile Ningbo, Zhejiang’s 5G+ Smart Port
The arrival of 5G is providing the necessary means and pressing the “fast forward button” for the transformation and upgrading of traditional industries, also benefiting the port industry. ( read original story …)
Chinese Firms Are Pricing Their U.S. IPOs Above Range
Investors seem to be brushing off the headwinds for Chinese companies looking to list in the U.S. Rising tensions between the U.S. and China as well as the spectacular downfall of a high-profile … (…
Hong Kong and Shanghai locked in tight race to be 2020’s top IPO venue for Chinese issuers
China geopolitical tension has played into the hands of the Hong Kong stock exchange as an increasing number of US-listed Chinese companies seek backstop listings closer to home. Still, the city faces … ( read…
China’s Luxury E-Commerce Sector Poised To Shine
China is the growth engine of the world’s luxury goods sector. Yet, luxury e-commerce penetration in China is just 10%. However, growth drivers such as rising l … ( read original story …)
Record number of Chinese property management companies expected to flock to Hong Kong for IPOs this year
More Chinese property management companies are expected to go public in Hong Kong this year, even hit a record high, as the coronavirus has revealed the segment’s importance. ( read original story …)
In China’s ‘Little Africa,’ a struggle to get back to business after lockdown
Mohammed has spent several weeks sleeping in his cramped trading booth in one of Guangzhou’s export centres after being kicked out of his apartment and forced into quarantine in April, but the … ( read…
Hong Kong and Shanghai locked in tight race to be 2020’s top IPO venue for Chinese issurers
US-listed Chinese companies’ secondary listings may not be enough to secure Hong Kong’s lead as global IPO hub amid keen competition from Shanghai. ( read original story …)
Kweichow Moutai: World’s top liquor brand is now mainland China’s biggest public company
Kweichow Moutai has long been one of China’s hottest stocks. In 2017, it became the world’s biggest liquor maker by market value, surpassing Diageo, the British firm that owns Johnnie Walker and other … (…
Replay: IPO Summit Webinar with Sidley, Nasdaq, MorganFranklin, ICR
IPO Edge hosted virtual IPO Summit to discuss a number of timely topics ranging from corporate governance to the upcoming election season that issuers may need to consider. A replay of the … ( read original…
