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.
Alibaba-Backed AI Startup Megvii Files for IPO in Shanghai
Megvii Technology Ltd. is poised to become the first major Chinese artificial intelligence startup to go public after it filed for a Chinese Depositary Receipt offering on Shanghai’s Star board on Friday.
From Crypto to Offshore Accounts: Tactics Used to Get Cash Out of China
Finding a way around the rules is something of a national pastime.
Herbal Tea Maker JDB Said to Seek New Funds Before Hong Kong IPO
Chinese non-alcoholic beverage maker JDB Group is seeking to raise at least $300 million in a funding round ahead of a potential Hong Kong initial public offering, people with knowledge of the matter said.
JD’s Fintech Arm Likely to Withdraw China IPO, SCMP Says
JD Technology, the fintech unit of Chinese e-commerce giant JD.com Inc., is likely to withdraw its application for an initial public offering on Shanghai’s technology-heavy Star Market, the South China Morning Post reported, becoming the latest casualty of China’s wide-ranging crackdown on the country’s sprawling online finance industry.
Sequoia-Backed Grocery App Dingdong Maicai Said to Mull U.S. IPO
Chinese grocery app Dingdong Maicai is considering an initial public offering in the U.S. as soon as this year to bankroll its expansion in the competitive fresh food delivery market, according to people familiar with the matter.
E-Commerce Platform Dmall Is Said to Plan U.S. IPO This Year
Beijing DMall E-commerce Co., an online retail service provider backed by Chinese supermarket Wumart Group, is planning an initial public offering in the U.S., according to people familiar with the matter.
Secretive Dealmaker Lands $14 Billion Hit With Kuaishou IPO
In 2014, as their video app Kuaishou began to take off, Su Hua and his co-founders started looking for money to expand. They quickly got a proposal from Ruby Lu, a venture investor who had spotted them earlier as promising engineers and given them feedback on previous businesses.
Ant Reaches Agreement With China Regulators on Overhaul
Ant Group Co. and Chinese regulators have agreed on a restructuring plan that will turn Jack Ma’s fintech giant into a financial holding company, making it subject to capital requirements similar to those for banks.
China Trucking Startup Eyes $1 Billion U.S. IPO After Profit
Uber-like Chinese startup Full Truck Alliance is preparing for a U.S. initial public offering that could raise at least $1 billion as soon as this year, after eking out a slim 2020 profit thanks to a pandemic-era shipping surge.
China Plans Online Payment Rules That May Hit Ant, Tencent
China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group Co. and its biggest rival Tencent Holdings Ltd.
Jack Ma Has Lost $11 Billion in Two Months on China Scrutiny
Jack Ma’s net worth has tumbled by almost $11 billion since the end of October as China stepped up scrutiny of his empire and the country’s tech behemoths.
JD Health Shares Surge 28% in Hong Kong’s Gray Market Trading
JD Health International Inc. jumped in Hong Kong’s gray market trading, a sign that the city’s biggest IPO of the year is off to a good start.
China Display Maker Ditches U.S. to Seek $1.8 Billion Local IPO
Chinese flexible display maker Royole Corp. is seeking to raise as much as 12 billion yuan ($1.8 billion) in an initial public offering on Shanghai’s Star Market board after its U.S. listing plan was shelved, according to people familiar with the matter.
JD’s Logistics Unit Said to Mull IPO at $40 Billion Valuation
JD.com Inc.’s logistics unit is considering an initial public offering that could raise at least $5 billion, according to a person familiar with the matter.
China Cosmetic Firm Yatsen Raises $617 Million in U.S. IPO
Chinese cosmetics company Yatsen Holding Ltd. rose 75% in its trading debut after raising $617 million in a U.S. initial public offering priced at the top of a marketed range.
Ant Group’s Stalled IPO Seen Slashing Its Value by $140 Billion
China’s move to halt Ant Group Co.’s massive stock debut could reduce the fintech giant’s value by as much as $140 billion, according to analysts’ revised estimates.
Inside the Chaotic Unraveling of Jack Ma’s $35 Billion IPO
The mid-level bureaucrats left China’s richest man waiting as they prepared for a meeting that would send shockwaves across the financial world.
Derailing of Jack Ma’s Mega Ant IPO Shows Xi Jinping’s in Charge
China’s move to abruptly halt the world’s biggest stock-market debut sends global investors a clear message: Any financial opening will only be done on terms that benefit President Xi Jinping and the Communist Party.
JD Health Is Said to Pick Banks for $1 Billion Hong Kong IPO
JD Health has selected banks for its planned Hong Kong initial public offering, which it could file for as soon as this month, according to people familiar with the matter.
ChemChina, Sinochem Merger Could Now Face Sanctions Hurdle
A long-awaited tie-up between Sinochem and ChemChina looks closer, but the timing is precarious.
