It would also mark the highest-value IPO since Snapchat parent Snap Inc. SNAP, +3.56% went public last March in a $3.4 billion deal, said Smith. Underwriters Goldman Sachs (Asia), Credit Suisse, Bank of America Merrill…
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Chinese drone maker DJI seeking at least $500 million in pre-IPO funding: sources
HONG KONG (Reuters) – China’s SZ DJI Technology Co Ltd, the world’s largest maker of drones for consumers, is in talks with investors for at least $500 million in funding ahead of a planned stock…
OneSmart International Education Files Updated Terms For U.S. IPO
OneSmart International Education Group intends to raise $196 million in a U.S. IPO. The firm operates a growing K-12 offline education services business to affluent and mass-affluent demographics within China. A history of strong growth…
China’s young consumers are snubbing foreign brands amid growing national pride, says Credit Suisse
China is seeing the emergence of a generation of consumers who are more likely to opt for home-made brands, spurred by a growing sense of national pride, according to a survey by Credit Suisse. The…
American Business Leaders In China Concerned About Trump’s Trade Actions
U.S. businesses in China have had their intellectual property stolen, technology ‘transferred’ and some have had data taken from them by China’s government. But many U.S. business leaders say the trade actions President Trump is…
Budget fashion brand H&M launches on Alibaba’s Tmall in China
SHANGHAI (Reuters) – H&M, the world’s second-biggest fashion retailer, launched its core brand on Alibaba’s giant online marketplace Tmall on Wednesday to try to keep up with competition in China. It is the first time…
China vows to safeguard national interests in response to U.S. trade probes
Trump has accused the Chinese government of forcing U.S. companies to transfer their intellectual property to China as a cost of doing business there. Voicing hopes that Beijing and the United States could avoid a…
Will Chinese brands ever be able to compete with America’s?
“China becomes a high-income country before 2030,” they said. “This indicates that the economy is on a development path that is sustainable.” But by one metric America is likely to dominate for a while longer.…
China unveils Xi Jinping’s brand new Cabinet, missile expert named as new defence minister
Chinese Premier Li Keqiang today unveiled his new Cabinet as part of the government’s efforts to stabilise the world’s second largest economy and appointed a missile expert as the defence minister amidst regional tensions with…
Swisse flies in Chinese actor to supercharge Tmall brand day sale
The China market in vitamins is a much bigger prize, worth an annual $20 billion. Both companies have been beneficiaries in recent years of big demand from Chinese consumers for Australian brands with a “clean…
Evolving cultural values in China and how brands can use them to switch on growth
The last couple of decades have been defined by a sudden increase of the social and personal pace of life: from society passing to modernity, to early loss of carefree childhood and rise of hectic…
To succeed under Xi Jinping’s brand of socialism, the onus is on performance for the people
China’s President Xi Jinping is a socialist to his fingertips … but to stay there you will have to perform. My grandfather’s brand of early socialism was global – he believed naively in a community…
Why China Loves American Chain Restaurants So Much
Starbucks stores in China are up to 40 percent bigger than even their largest U.S. counterparts, according to Quartz, a smart tweak that allowed the brand to stand apart from other American concepts trying to…
