The fallout from Ant Group’s failed IPO continues, as millions flee five mutual funds that pitched themselves as a way to gain access to the FinTech’s shares. ( read original story …)
Tagged By ipo
China’s iSpace advances with IPO plans, reusable launcher landing leg tests
Chinese private rocket firm iSpace is planning an IPO while also making progress on technology for a reusable launch vehicle. ( read original story …)
Chinese Investors Pull More Than $3 Billion From Funds That Missed Out on Ant IPO
Millions of individual investors in China withdrew more than $3 billion from five mutual funds that previously touted access to Ant Group’s blockbuster IPO, drastically shrinking the funds just two … ( read original story…
China’s Crypto Outflows Amounted to Over $17B in 2020
Despite China’s unfavorable crypto policies, the country continues to record more capital flight via cryptocurrency, as citizens use crypto to safeguard their funds against the weakening yuan. China’s … ( read original story …)
The crypto market is still far from its golden age, says Michael Wu
The total cryptocurrency market capitalization exceeded $1 trillion for the first time ever a week ago. However, Michael Wu, CEO of Amber Group, commented at Cointelegraph China’s Jan. 14 Hub … ( read original story…
What China’s Male Beauty Market Will Look Like In 2021
China’s perception of male beauty has changed over the last few years due to the rise of Little Fresh Meat idols and shifting gender roles. Certain products, such as BB cream, have become the focus…
China-focused Primavera Spac readies $300m IPO
Primavera Capital Acquisition Corp, a special purpose acquisition company, is set to launch a $300m IPO on the New York Stock Exchange this week, extending a recent boom in Asia-focused Spacs. ( read original story…
Crypto Mining Giant Bitmain Is Going Public With a $40 to $50 Billion Valuation
Major bitcoin mining operation Bitmain filed an application to become a public company in 2018, with a market capitalization of $40 billion to $50 billion. This attempt to go public on the HKSE … (…
China Inc. tests Biden stance on listings with $1.2bn IPO
HONG KONG — E-cigarette maker RLX Technology plans to raise as much as $1.2 billion in an U.S. initial public offering this week as Joe Biden takes office following a string of moves by Washington…
With Russia’s Help, China Becomes Plastics Making Power In Pandemic
The pandemic has helped the petrochemicals industry make up for losses in oil and gas demand. Plastics are tied to the fossil fuels industry. Stay-at-home orders throughout the U.S. and Europe has led … (…
Blockchain Bites: Goldman Sachs Investigates Crypto Custody, Solving the Blockchain ‘Trilemma’
Coinbase plans infrastructure updates to prevent outages during periods of volatility while MetLife peaks behind the hood of CBDCs. ( read original story …)
China’s new fashion hubs rising as luxury brands look to cities like Chengdu and Hangzhou for millennials growing in wealth
With the market saturated in China’s top-tier cities, luxury brands are turning to fashion-conscious millennials in second- and third-tier cities such as Chengdu and Hangzhou. ( read original story …)
Chinese Vaping Firm Seeks Up to $1.2 Billion in U.S. IPO
Chinese e-cigarette maker RLX Technology Inc. is looking to raise as much as $1.17 billion from a U.S. initial public offering, highlighting how American stock exchanges remain attractive fund-raising … ( read original story …)
