Xiaohongshu, the Instagram-style app that took off among younger Chinese during the pandemic, is on track to double profits to more than $1 billion in 2024 ahead of a potential IPO.
Tagged By ipo
Hong Kong IPO: Chinese soy sauce maker Foshan Haitian eyes dual listing
Shanghai-listed Foshan Haitian Flavoring & Food, the biggest listed condiment maker in mainland China, is seeking a dual listing in Hong Kong that could raise as much as HK$1.5 billion (US$193 million …
China’s Nio, behind on growth targets, aims to tighten cost control
Chinese electric vehicle (EV) maker Nio will seek to improve efficiency and cost control as it seeks to spur sales growth that is two years behind schedule, its CEO said on Thursday.
A watchdog in China has called out Temu’s parent company for its refunds-without-returns policy
The policy allows customers to claim refunds without returning their items, which merchants say is unfair.
Exclusive-Shein IPO: UK regulator decision slowed by NGO challenge, sources say
Britain’s financial regulator is taking longer than usual to approve fast-fashion retailer Shein’s IPO because it is checking its supply chain oversight and assessing legal risks after an advocacy …
China the key for tech’s raw materials whether Trump likes it or not
Concurrently president Joe Biden has announced a third round of export restrictions on China’s semiconductor industry, targeting 140 Chinese companies. In response the Chinese commerce ministry …
US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
The Biden administration has announced it is raising tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses
US hits China with new tariffs on solar wafers, polysilicon and tungsten products
In 2023, China produced 80 per cent of the world’s tungsten. None is produced in the US, which is encouraging new investment, like reopening a mine in South Korea in 2024.
Chinese fashion, beauty brands expand globally
Chinese beauty brands are also shining bright on the global market. Florasis, a cosmetic brand known for its traditional Chinese aesthetics and savvy social media marketing, has expanded to over 110 …
Trump invites China’s Xi Jinping to attend inauguration, CBS News reports
U.S. President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month, CBS News reported on Wednesday, citing multiple sources. The invitation to the Jan. 20 …
HK’s IPO market to keep top 5 ranking in 2025
As of Dec 8, the Hong Kong stock exchange ranked 4th in the 2024 global IPO rankings, with total funds raised reaching HK$82.9 billion ($10.66 billion) from 63 completed IPOs, according to the latest …
Chip war: China’s semiconductor imports expand ahead of tightened US restrictions
China’s semiconductor imports continued to expand this year, as mainland enterprises rushed to stockpile integrated circuits (ICs) from US suppliers ahead of the roll-out of fresh trade sanctions by …
Huawei Heiress Annabel Yao Lands Contract With C-beauty Brand Pechoin
She is the younger daughter of Chinese smartphone and telecommunication giant Huawei founder and chief executive officer Ren Zhengfei.
ADVERTISEMENT
