Markets

China's Happigo Gets the Greenlight for Backdoor Listing After Two Years

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). 

Jun 23, 2018
Liao Shumin
Leshi Gains After Debt-Laden Firm Says It Is Tackling Liabilities, Plans New TVs

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…

Jun 22, 2018
Chen Juan & Liu Jing
Xiaomi Secures Seven Cornerstone Investors for Its Hong Kong IPO

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.

Jun 21, 2018
Liu Jia
VIPKID Receives USD500 Million in World’s Largest Financing for Online Education Startups

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…

Jun 21, 2018
Xu Wei
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

China-Listed Firms Buy Back Stock as Market Tremor Puts Prices Near Forced Sale Limit

Jun 21, 2018
Yang Jiao
 Xiaomi’s HK IPO to Raise up to USD6.1 Billion

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.

Jun 21, 2018
Xu Wei
Xiaomi’s CDR Withdrawal May Affect Hong Kong IPO Pricing

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…

Jun 20, 2018
Li Juan & Yuan Ziyi
 Yuan Pales to Five-Month Low Against Dollar as Trade War Looms Closer

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.

Jun 20, 2018
Xu Wei
China Stock Markets Claw Back After Yi Gang Soothes Investor Woes

China Stock Markets Claw Back After Yi Gang Soothes Investor Woes

China Stock Markets Claw Back After Yi Gang Soothes Investor Woes

Jun 20, 2018
Xu Wei
Asset Managers to Forge Ahead With CDR Funds Despite Xiaomi Delay

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.

Jun 20, 2018
Dou Shicong
Shengda Forestry Industry Eyes Cross-border E-commerce With Investment in Quanzhimai

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…

Jun 19, 2018
Liao Shumin
Foxconn Industrial Internet Loses Further Ground as It Falls by Daily Limit

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.

Jun 19, 2018
Liao Shumin

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