China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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171 articles matching the search query.
NetEase’s Music App Files for $1 Billion Hong Kong IPO
Chinese gaming giant NetEase Inc.’s music streaming arm has filed for an initial public offering in Hong Kong as the Tencent Holdings Ltd. rival ratchets up competition in online content.
Chinese Veggie Supplier Meicai Files Confidentially for U.S. IPO
Meicai, a Chinese startup that connects restaurants with vegetable producers, has confidentially filed for an initial public offering in the U.S., according to people familiar with the matter, pushing ahead with plans to go public despite a tech selloff that has deterred other listings.
Boom in China Firms Listing in the U.S. Comes to Sudden Halt
At least three Chinese companies have put their plans to list in the U.S. on hold, heralding a slowdown in what’s been a record start to a year for initial public offerings by mainland and Hong Kong firms.
United Imaging Is Said to Weigh $1 Billion Hong Kong IPO
Shanghai United Imaging Healthcare Co., a medical imaging and radiotherapy equipment maker, is weighing a Hong Kong initial public offering that could raise at least $1 billion, according to people familiar with the matter.
China Resources Said to Consider $2 Billion Supermarket IPO
China Resources Holdings Co. is weighing a Hong Kong initial public offering for its supermarket business CR Vanguard that could raise as much as $2 billion, according to people familiar with the matter.
JD Logistics $3.5 Billion IPO Said to Draw SoftBank, Temasek
JD Logistics Inc. has attracted SoftBank Vision Fund and Temasek Holdings Pte as cornerstone investors in its Hong Kong initial public offering, people with knowledge of the matter said, as the warehousing and shipping firm is set to kick off one of the year’s biggest share sales in the city.
Jack Ma’s Ant Posted $3.4 Billion Profit After IPO Halt
Ant Group Co.’s profit rose to $3.4 billion in the December quarter after Chinese regulators thwarted its record initial public offering and told it to scale back its sprawling business.
Alibaba (BABA) Revenue Beats But Swings to Loss on Antitrust Fine
Alibaba Group Holding Ltd. forecast better-than-expected revenue and pledged to invest in new growth arenas, signaling its intention to move past a Chinese antitrust probe that triggered its first loss in nine years.
ByteDance Eyes a New $185 Billion Business Ahead of Mega IPO
Zhang Yiming built ByteDance Ltd. into the world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target: Alibaba.
Vanke Said to Prepare for $2 Billion Property Management IPO
China Vanke Co., the country’s largest developer by market value, is working with an adviser to prepare for a listing of its property management business in Hong Kong that could raise about $2 billion, according to people with knowledge of the matter.
China’s Biggest IPO This Year Looks to Be in Renewable Power
China Three Gorges Renewables Group Co. is set for an initial public offering that could be the biggest in the country this year after securing regulatory approval.
Everything you need to know about the Waterdrop IPO
As China fast grows grey, who will win its massive but underdeveloped private medical insurance market? The Tencent-backed Chinese startup Waterdrop is betting it can, by combining charity and business. Valued at $2 billion last year, according to Bloomberg, Waterdrop filed its F-1 form on April 16 ...
Ant to Be Financial Holding Firm in Overhaul Forced by China
Jack Ma’s Ant Group Co. will drastically revamp its business, bowing to demands from Chinese authorities that want to rein in the country’s fast-growing Internet giants.
Asia Ride-Hailing Giants Didi, Grab Proceed With Listing Plans
Asia’s top ride-hailing startups are pushing ahead with listing plans, as they seek to take advantage of a boom in equity offerings to fund expansion in everything from food delivery to autonomous driving.
JD Digits Plans Finance Holding Company as China Tightens Rules
JD Digits Technology Holding Co. is planning to set up a financial holding company to comply with regulatory rules in China’s fintech sector, according to people familiar with the matter.
Chinese Fresh Food Chain Qiandama Is Said to Weigh Hong Kong IPO
Chinese fresh food chain operator Qiandama is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter.
China's Geely Weighs Reviving IPO of $20 Billion Volvo Cars
China’s Zhejiang Geely Holding Group Co. is considering reviving plans for an initial public offering of its Volvo Cars unit that could value the business at around $20 billion, people familiar with the matter said.
Block-Trade Bevy Wipes $35 Billion Off Stock Values in a Day
An extraordinary spree of block trades on Friday erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media companies.
Tencent-Backed Linklogis Seeks $1.1 Billion in Hong Kong IPO
Chinese fintech company Linklogis Inc., backed by Tencent Holdings Ltd., is seeking to raise HK$8.3 billion ($1.07 billion) from an initial public offering in Hong Kong.
Didi Is Said to Accelerate IPO Plans as Business Rebounds
Chinese ride-hailing giant Didi Chuxing Technology Co. is accelerating plans for an initial public offering to as early as next quarter to capitalize on a post-pandemic turnaround, people familiar with its plans said.