As China started becoming familiar with DTC brands, the American luxury label Senreve entered its market, bringing with it a perfect plan for success. ( read original story …)
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China Wants to Build a $306 Billion Used-Car Market From Scratch
China, intent on boosting domestic consumption, wants to double the value of secondhand vehicle sales by 2025. ( read original story …)
Britain’s M&S backs call to stop forced labour in China’s Xinjiang
British retailer Marks & Spencer on Wednesday became one of the first major brands to back a drive to stop forced labour in cotton and garment sourcing from China’s Xinjiang region. ( read original story…
Chinese classical music platform Kuke Music sets terms for $55 million US IPO
Kuke Music Holding, which provides classical music licensing, subscription, and education services in China, announced terms for its IPO on Wednesday. The Beijing, China-based company plans to raise … ( read original story …)
SoftBank’s Son Is Poised for Another IPO Windfall in 2021
SoftBank Group Corp. is preparing to take at least six more of its portfolio companies public this year, building on a 2020 turnaround that pushed the value of Masayoshi Son’s technology conglomerate … ( read…
NYSE Moves Ahead With China Stock Delisting Amid Reported White House Pressure
The New York Stock Exchange reversed its own decision not to delist three China-based stocks Wednesday, just hours after it pledged to keep them on the Big … ( read original story …)
Renaissance Capital’s 2020 Global IPO Market Recap
Despite the postponement of mega-IPO Ant, Asia Pacific drove proceeds (51% of proceeds; +53% y/y) with the year’s largest IPOs including China’s SMIC and Beijing-Shanghai Railway, followed by North … ( read original story …)
The conspicuous absence of Chinese tech mogul and Alibaba co-founder Jack Ma
The Alibaba co-founder’s disappearance from public view amid a clampdown by China’s regulators has fueled rumors, and may be a warning to fellow fat cats. ( read original story …)
NYSE will delist three big China telecoms, reversing decision once again
The stock exchange will remove U.S.-traded shares of China Telecom, China Mobile and China Unicom from the Big Board, the NYSE said Wednesday. ( read original story …)
The Ordinary’s China Distributor, SuperOrdinary, Gets Investment From ACG
Alliance Consumer Growth has made a minority investment in SuperOrdinary, a company that specializes in helping U.S.-based beauty brands expand into China. SuperOrdinary was started by Julien Reis, an … ( read original story …)
Snow Lake urges MGM Resorts International to sell 20% of China business – letter
Investment firm Snow Lake Capital on Wednesday urged MGM Resorts International to sell 20% of its China business to a strategic partner, calling it a “win-win transaction” for all. ( read original story …)
NYSE’s Second-Guessing on China Delistings Sows Confusion
Almost two months after President Donald Trump said he’s cutting off U.S. investment in companies tied to China’s military, confusion reigns on Wall Street over how to interpret his order. One … ( read original…
China Says U.S. Flip Flops ‘All the Time’ Amid Listing Reversals
China said the U.S. “has been flipping flopping all the time” and urged it to respect market principles after investors were whipsawed by uncertainty over the status of three major Chinese … ( read original…
