[ibd-display-video id=2549896 width=50 float=left autostart=true]Beijing-based Sogou priced 45 million American depositary shares at 13 late Wednesday, having set an estimated price range of 11 to 13. Sogou will list on the New York Stock Exchange…
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China just revealed its plans for pulling ahead in the space race — and they include building a nuclear-powered shuttle
China has big plans in store for 2045. Reuters/Bobby Yip China has unveiled goals it hopes to achieve by 2045 that include a nuclear-powered space shuttle. They also include a reusable space plane and vehicles…
In China, an Education in Dating
China worries about its lonely hearts … Ye Chaoqun, a 27-year-old small business owner who is hoping to make the woman he likes fall in love with him; and James Zhang, a 30-year-old cancer doctor…
Consumer confidence grows in domestic formula brands
China Feihe has also seen total revenue growth of more than 45 percent in the same period, according to the company. Its total sales reached 6.8 million yuan ($980 million) in 2016. The brand’s market…
China-Based LexinFintech Files For $500 Million U.S. IPO
LexinFintech has filed its initial registration statement for a $500 million IPO. The firm operates two online consumer credit services and is growing revenues rapidly, reaching the $600 million mark in September 2017. We don’t…
High School Teams Head to China, Mixing Basketball and Business
R. J. Barrett is only 17 years old, but he is already a world traveler. Raised in suburban Toronto, he plays basketball for a high school in Montverde, Fla. Last summer, he led Canada to…
No ‘golf diplomacy’ allowed: How one rule shaped Trump’s visit to China
told Business Insider. It’s possible that Beijing’s approach to golf could have in fact harmed their international relations. “Golf is popular throughout many parts of Asia and President Trump’s affection for the game suggests that…
China appears to have crossed Trump on North Korea
Donald Trump on Wednesday said China backed him on North Korea. But the next day China contradicted him. Even South Korea has expressed doubts about Trump’s goal in dealing with North Korea. After a 12-day…
Tencent-backed Yixin, Hong Kong’s 10th hottest IPO, disappoints in debut
China Literature, the country’s largest e-book site and online publishing house, started trading last week after becoming the hottest IPO in Hong Kong this year. It has the advantage of being able to generate profit…
Maimai, LinkedIn’s biggest China rival, raises US$750m in funding and aims for 2019 IPO
Maimai.cn, China’s biggest rival to global professional networking giant LinkedIn, has secured US$750 million in a latest funding round from US top tech investors DCM Ventures and IDG Capital, and is now targeting an initial…
China Tech Titan’s Touch Is No Guarantee of U.S. IPO Riches
Investors are learning that the backing of Tencent Holdings Ltd., China’s largest social network operator, is no guarantee of IPO riches. Stock buyers piled into the initial public offering of the Chinese technology titan’s e-book…
Despite Trump’s $250B announcement, companies hesitant to sign binding deals with China
During a five-country tour in Asia, President Donald Trump announced $250 billion worth of business deals with China, including the first-ever, long-term binding gas contract between the two countries. Continue Reading Below U.S.-based energy company…
Few banks seen queuing for China’s red carpet invite
“It would be very difficult for them to change the (business) landscape,” said a banker with an European bank. The bankers and lawyers declined to be named due to the sensitivity of the issue. The…
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