Chinese electric-vehicle (EV) maker Zhejiang Leapmotor Technology Co has raised about HK$6.3bil (US$800mil or RM3.66bil) in its Hong Kong initial public offering (IPO), according to sources.
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China Arrests 93 for Crypto-Related Money Laundering; Bank of America Says Crypto Is Acting as Risk Asset
Interpol has issued a Red Notice for Terraform Labs co-founder Do Kwon, according to a report from Bloomberg. Authorities in China’s Hunan province arrested 93 people for allegedly laundering up to …
2nd “Jinbo” China-Europe freight train takes off from Hamburg to CIIE in Shanghai
The second “Jinbo” China-Europe freight train left the northern German city of Hamburg on Monday for Shanghai in China, carrying exhibits to the 5th China International Import Expo (CIIE). “Jinbo” is …
Leapmotor raises $800 Million in Hong Kong IPO
Leapmotor priced the offering at HK$48 per share, the bottom of its marketed range, said the people, who asked not to be identified as the information is private. The company marketed 131 million …
China’s soybean imports from Brazil plunge in August – customs
China’s soybean imports from Brazil plunged in August from a year ago, customs data showed on Tuesday, as high prices capped purchases of the oilseed from the South American nation.
Thai August exports close to forecast, exports to China slump
Thailand’s exports rose slightly less than expected in August as global demand for food products increased, but oil-related shipments fell and exports to China slumped, the commerce ministry said on …
China-focused Welkin pushes IPO closing date amid Asia interest
China-focused Welkin China Private Equity said on Monday the company’s board had agreed to extend the closing date of its proposed initial public offering to October, following “significant interest” …
China’s Economy ‘Dismal,’ Will See No Growth, New Report
The economy, already under pressure so far this year, looks set to get even worse, according to a recent report from London-based consulting firm Capital Economics. Capital kicks off with the …
Chinese Authorities Arrest 93 for Crypto-Related Money Laundering
Authorities in China’s Hunan province arrested 93 people for allegedly laundering up to RMB 40 billion ($5.6 billion) using cryptocurrencies, as the country continues to crack down on crime that …
China Arrests Crime Group Responsible for Laundering $5.6B in Crypto Funds
Chinese police arrested a major criminal organization suspected of laundering $5.6 billion worth of crypto funds, according to a report by Weixin.
China cracks US$5.6B cryptocurrency money laundering case
Chinese police have busted a large criminal group allegedly behind a 40 billion yuan (US$5.6 billion) crypto money laundering case, as the country steps up efforts to combat illicit fund flows. See …
China labeling regulations still causing problems for seafood sector
Chinese Customs Decrees 248 and 249, implemented at the beginning of this year, requires food imported into China to have Chinese-language labeling and identifiers inside and outside of packages.
China’s XPeng revealed the world’s fastest charging electric vehicle: 160 mph in 5 mins
Chinese automaker XPeng seems to be winning the battle against range anxiety with its G9 model that makes 160 miles after being charged for five minutes.
