Heytea, the Chinese teahouse chain, has tapped UBS Group AG for its potential Hong Kong initial public offering as soon as next year, according to people familiar with the matter.
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China to target biggest payment app Alipay in tech crackdown, says FT
Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to rein in “the unruly growth” of the tech giants.
Beijing turns up heat on data holding firms, seeking to divide Ant Group’s Alipay
Beijing regulators, who are acting increasingly hawkish around sensitive data firms, are reportedly seeking to break up Ant Group’s loans business Alipay to form a separate app instead.
Guizhou Zhenhua E-chem’s IPO to debut on SSE STAR Market
Guizhou Zhenhua E-chem (688707) to start trading on the Shanghai Stock Exchange’s STAR Market Sep 14, tomorrow. The firm has issued 110.73 mln shares priced at RMB 11.75 per share raising RMB 1.3 bln.
Opinion mixed about China’s slumping recovery’s effect on chip exports
By Lee Kyung-min Opinions are split over whether recent signs of a slowdown in China’s recovery are signaling the beginning of a peak-out of Korea’s semiconductor exports, one of …
North Korea once again imports refined oil from China
North Korea has once again imported refined oil from China, Daily NK has learned. Amongst themselves, officials in North Korea are saying that imports of oil from China may continue through the end of …
Ami Organics IPO: Stock lists tomorrow, grey market premium strong; analysts see up to 35% listing gains
Ami Organics is scheduled to make its stock market debut on Tuesday, 14 September, after receiving over 64 times subscription during IPO.
China causes big Aussie export to drop 11 per cent in one week
In just one week, the iron ore price has plummeted by over 11 per cent down to $U128.75 a tonne hammering Australia’s most valuable export.
China-ASEAN Trade Index released in Guangxi
The China-ASEAN Trade Index was released for the first time during the ongoing 18th China-ASEAN Expo and China-ASEAN Business and Investment Summit held in Nanning, capital of south China’s Guangxi …
ETF managers frustrated after Kuaishou slump stokes fears that tech IPO fever could sink H-share returns
of the unprofitable company, which at one point more than tripled its IPO price, has now reversed and its 73 per … have also dropped amid a crackdown on Big Tech by Beijing, contributing to…
Broncus on the road for IPO
Goldman Sachs and Haitong International are the sponsors on the IPO. They are also the global co-ordinators alongside Credit Suisse. The other bookrunners and lead managers are China Merchants Bank …
China-ASEAN Business And Investment Summit
The China-ASEAN Trade Index was released for the first time during the ongoing 18th China-ASEAN Expo and China-ASEAN Business and Investment Summit held in Nanning – the capital city of China’s …
Beijing to break up Ant’s Alipay and force separate loans app
Chinese regulators have already ordered Ant to separate the back end of its two lending businesses. Now officials want the two businesses to be split into an independent app as well.
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