Markets

Century Huatong to Buy Shengyue Network for USD4.35 Billion

Century Huatong to Buy Shengyue Network for USD4.35 Billion

Zhejiang Century Huatong Group plans to buy 100 percent of Shanghai Yaoquru Capital Partnership’s stake in Shengyue Network Technology Shanghai by issuing shares or paying in cash.

Sep 12, 2018
Xu Wei
China Equities Slide; Shanghai Drops to Lowest in Over 2 1/2 Years

China Equities Slide; Shanghai Drops to Lowest in Over 2 1/2 Years

Chinese stocks fell today, with the Shanghai benchmark declining to its lowest level in more than two and half years.

Sep 12, 2018
Xu Wei
Chinese Hotpot Restaurant Haidilao to Hit HKEX on Sept. 26

Chinese Hotpot Restaurant Haidilao to Hit HKEX on Sept. 26

Chinese hotpot chain Haidilao has confirmed its almost USD1 billion initial public offering, with cornerstone investments from Hillhouse Capital and…

Sep 12, 2018
Tang Shihua
Hong Kong Will Deepen Finance Sector Links With Chinese Mainland, Lam Says

Hong Kong Will Deepen Finance Sector Links With Chinese Mainland, Lam Says

Hong Kong plans to further deepen its financial links with the Chinese Mainland as it looks to consolidate its position…

Sep 12, 2018
Xu We
Tencent Buys Back More Stock as Its Share Price Continues to Bleed

Tencent Buys Back More Stock as Its Share Price Continues to Bleed

Tencent Holdings, which was China’s biggest tech firm by market cap earlier this year, has bought back yet more of its stock as it looks to keep its share price from falling further.

Sep 12, 2018
Liao Shumin
China Renaissance Cornerstone Investors Emerge; Ant Financial, LGT, Snow Lake Lead

China Renaissance Cornerstone Investors Emerge; Ant Financial, LGT, Snow Lake Lead

China Renaissance Group, which which is poised to list in Hong Kong, has confirmed its first group of cornerstone investors. They include Ant Financial, LGT Group Foundation and…

Sep 11, 2018
Liao Shumin
Chinese TMT Firms’ 1st-Half IPOs Fell 47% From Last Year, PwC Says

Chinese TMT Firms’ 1st-Half IPOs Fell 47% From Last Year, PwC Says

Chinese technology, media and telecom companies floated 26 initial public offerings in the first half, down 47 percent from last year, per data UK-based professional services firm PricewaterhouseCoopers released today. This is a…

Sep 11, 2018
Duan Qianqian
Ctrip’s Profit Soared Fivefold in 2nd Quarter as Non-GAAP Net Grew Just 25%

Ctrip’s Profit Soared Fivefold in 2nd Quarter as Non-GAAP Net Grew Just 25%

Ctrip.Com International’s second-quarter net profit rose over fivefold from a year earlier, yet on the basis of non-generally accepted accounting principles net profit at the…

Sep 7, 2018
Xu Wei
Equity Perks Spawned China’s Startup Era, Renowned Angel Investor Says

Equity Perks Spawned China’s Startup Era, Renowned Angel Investor Says

Stock options provided to employees have driven China’s unforeseen era of entrepreneurial success, according to a well-known Chinese angel investor.

Sep 7, 2018
Tang Shihua
China Fund Liquidations on the Rise Amid Pessimistic Sentiment

China Fund Liquidations on the Rise Amid Pessimistic Sentiment

Under the shadow of pessimistic market sentiment, new funds in China are becoming increasingly difficult to sell, while old funds, public and private alike, are accelerating such procedures.

Sep 6, 2018
Guo Luqing
JD.Com Loses Billions in Market Cap After CEO’s Arrest

JD.Com Loses Billions in Market Cap After CEO’s Arrest

JD.Com’s market capitalization has fallen by USD7 billion in the first two trading days since the chief executive of China’s…

Sep 6, 2018
Chen Juan
China Makes Up 81 Percent of Emerging Market Stock Flows in August

China Makes Up 81 Percent of Emerging Market Stock Flows in August

China accounted for 81 percent of funds flowing into emerging market stocks in August according to a new report from the International Finance Association.

Sep 5, 2018
Liao Shumin

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