Markets
China's Happigo Gets the Greenlight for Backdoor Listing After Two Years
Chinese e-commerce platform Happigo Home Shopping has received approval from securities authorities for its reverse initial public offering after buying firms worth CNY11.5 billion (USD1.8 billion).
Leshi Gains After Debt-Laden Firm Says It Is Tackling Liabilities, Plans New TVs
Shares of Leshi Internet Information and Technology, the listed arm of Jia Yueting’s embattled LeEco conglomerate, climbed after the company…
Xiaomi Secures Seven Cornerstone Investors for Its Hong Kong IPO
China’s smartphone maker Xiaomi has secured seven cornerstone investors for its upcoming Hong Kong share issuance, Yicai Global learned.
VIPKID Receives USD500 Million in World’s Largest Financing for Online Education Startups
VIPKID, Chinese online education firm that specializes in children’s language learning and offers an American education experience to students aged…
China-Listed Firms Buy Back Stock as Market Tremor Puts Prices Near Forced Sale Limit
China-Listed Firms Buy Back Stock as Market Tremor Puts Prices Near Forced Sale Limit
Xiaomi’s HK IPO to Raise up to USD6.1 Billion
Xiaomi aims to raise up to USD6.1 billion in its upcoming Hong Kong initial public offering, according to an updated version of the smartphone maker’s prospectus.
Xiaomi’s CDR Withdrawal May Affect Hong Kong IPO Pricing
Xiaomi’s decision to postpone its Chinese depository receipt offering in Shanghai may have a bearing on the pricing of the…
Yuan Pales to Five-Month Low Against Dollar as Trade War Looms Closer
The onshore yuan’s dollar value has hit a fresh five-month low as the prospect of a China-United States trade war looms ever closer, damping investor sentiment.
China Stock Markets Claw Back After Yi Gang Soothes Investor Woes
China Stock Markets Claw Back After Yi Gang Soothes Investor Woes
Asset Managers to Forge Ahead With CDR Funds Despite Xiaomi Delay
Smartphone giant Xiaomi’s decision to postpone its offering of Chinese depository receipts will not affect asset manager plans to launch equity funds targeting tech firm listings.
Shengda Forestry Industry Eyes Cross-border E-commerce With Investment in Quanzhimai
Sichuan Shengda Forestry Industry, a clean energy company, will invest in Hangzhou Quanzhimai E-commerce to build an integrated business-to-consumer, or…
Foxconn Industrial Internet Loses Further Ground as It Falls by Daily Limit
Foxconn Industrial Internet hit another low today as the company’s shares continue downward trend.