The Chinese owners of gay dating app Grindr are planning to take the company public. In a filing on the Shenzhen stock exchange by online games company Beijing Kunlun Tech, the ultimate owners of Grin……
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Grindr’s Chinese Owner Plans Overseas IPO for the Gay Dating App
Beijing Kunlun Tech Co. is planning an initial public offering for the world’s largest gay social networking app. Grindr — a wholly owned unit of the Chinese internet gaming firm — will list oversea… (…
China Payment-Services Firm YeePay Is Said to Plan Hong Kong IPO
The Beijing-based company is working with advisers on the possible stock offering, said the people, who asked not to be identified because the details are private. It aims to list shares next year, ac… (…
Despite tensions, China says navy chief plans to visit U.S. next month
BEIJING (Reuters) – China’s defense ministry said on Thursday that navy chief Shen Jinlong plans to visit the United States in September, despite an escalating trade row that threatens to spill into o… ( read…
Chinese Tesla rival NIO revs up US$1.3bn IPO on NYSE
In a filing with the Securities and Exchange Commission, NIO registered an IPO of its American depositary shares … at about half the price of Tesla’s Model X in China. The ES8 is Nio’s first…
Ikea is the latest big brand to feel the heat in China over Taiwan
Ikea is coming under fire in China for how it describes Taiwan, making it the latest in a string of global brands that have fallen foul of Beijing’s political sensitivities. The Swedish furniture … (…
China outbound: CLSA leads Hong Kong’s return to global IPO top spot
Buoyed by a rush of capital out of China and new listing rules designed to entice large Chinese and international technology and biotech companies to list on HKEX, Hong Kong reclaimed the top spot in…
Restaurant operator Yum China rejects $17.6-billion Hillhouse-led offer: sources
and the board decided it provided no extra value or strategy for the business, said one of the people, who requested anonymity as the information is confidential. The $46 per share offer values Yum Ch……
China’s Geely building new plant to make 250,000 bigger-sized cars: sources
BEIJING (Reuters) – China’s Geely is building a new plant to produce a quarter of a million bigger-sized cars that will help meet a goal of selling more than 2 million vehicles by 2020 and…
New executives at China’s ZTE say production back to normal
HONG KONG (Reuters) – Production at China’s ZTE Corp is back to normal after the lifting of a U.S. ban and its carrier network business will return to a standard growth track in 2019 ……
Meituan-Dianping seeks $4 billion with IPO
According to a preliminary prospectus, Goldman Sachs Group, Morgan Stanley and Bank of America Corp are joint sponsors for the IPO, and China Renaissance is the sole financial adviser. In order to tes… ( read…
Fast-food chain Yum China rejects $17.6 billion Hillhouse buyout offer: source
HONG KONG (Reuters) – Fast-food chain operator Yum China Holdings Inc (YUMC.N) has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group … ( read original story…
How fashion industry destroys unsold stock, China’s part in the problem, and the steps brands are taking to make fashion more sustainable
British fashion brand Burberry caused outrage last month when it announced it had burned more than US$37 million worth of unsold clothing, accessories and perfumes last year. It begged the question: w… ( read original…
