Term Sheet — Monday, October 2

The company plans to list on the Nasdaq as “EYE.” • Hexindai, a Beijing, China-based consumer lending firm, filed for an $80 million IPO of ADSs. The company posted revenue of $22.9 million in the 12 months ending March 2017 and income of $7.5 million. ( read original story ...)

Luxury brands step up their online sales in China

Web sales will account for 13% of total luxury sales in China in 2021, up from 7% in 2016, according to Chinese consultancy CBN data. Luxury brands like Burberry and TAG Heuer have increased their digital presences significantly in China in recent years ... ( read original story ...)

Huawei pips Apple to become top smartphone brand in China: Survey

BEIJING: In a setback for Apple that is trying to make deeper inroads into China, smartphone buyers in the country have chosen domestic brands over the iPhone maker with Huawei being their first choice, a survey revealed on Monday. According to a survey by ... ( read original story ...)

Huawei beats Apple to become top smartphone brand in China

In a setback for Apple that is trying to make deeper inroads into China, smartphone buyers in the country have chosen domestic brands over the iPhone maker with Huawei being their first choice, a survey revealed on Monday. According to a survey by ... ( read original story ...)

More fintech firms seen to launch Hong Kong IPOs

The head of JP Morgan’s global investment banking division in China said more Chinese financial technology firms may follow Zhong An Online Property and Casualty Insurance’s lead in launching initial public offering (IPO) in Hong Kong. Houston Huang ... ( read original story ...)

New force behind China’s shifting economic landscape

The success of Youon's IPO was an epitome of quiet but ubiquitous changes to ... At the exit of Anheqiao North subway station in the remote northwestern corner of Beijing, a bicycle jungle forms in the morning travel peak and is whittled down in the ... ( read original story ...)