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.
Geely Surges in Hong Kong on Proposed Merger With Volvo Cars
Billionaire Li Shufu’s Geely Automobile Holdings Ltd. surged in Hong Kong trading after the company announced plans to merge with Swedish affiliate Volvo Cars, a move that could pave the way for China’s first global carmaker.
China State Firm’s $6 Billion Loss Is Among Nation’s Worst Ever
A distressed Chinese fertilizer company said it may report one of the nation’s biggest-ever annual losses, sparking a slump in its shares and underscoring the challenges faced by some pockets of corporate China as the economy slows.
China’s Top Brokerages Rally on Changes to Securities Law
China’s listed brokerages rallied on the mainland after the legislature approved changes to the law that may make it easier for new firms to list.
Postal Saving Bank: China's Biggest Listing in Years Barely Gains
China’s largest stock debut in years did next to nothing, following signs of weakening sentiment in the world’s second largest equity market.
First China IPO Flop Since 2012 Shows Market Confidence Breaking
A Chinese stock closed below its listing price on debut for the first time in seven years, showing how weak investor sentiment has become.
China Bottled Water Giant Said to Weigh Over $1 Billion IPO
Nongfu Spring Co., one of China’s biggest bottled water and beverage companies, is weighing an initial public offering in Hong Kong that could raise at least $1 billion, people familiar with the matter said.
WeWork’s China Rival Is Said to Target U.S. Listing in December
Ucommune, the largest rival to WeWork in China, plans an initial public offering in the U.S. in December even as the better-known competitor still recovers from its botched IPO, according to people familiar with the matter.
Baby-Formula Billionaire Emerges as China Plans to Curb Imports
More than a decade after China reeled from a scandal over tainted infant formula, the world’s most populous country is seeking to reduce its reliance on imports with a plan to boost output locally.
China’s Megvii Considers IPO Delay on Blacklist Concerns
China’s Megvii Technology Ltd. is considering whether to delay its initial public offering given uncertainty over whether it can secure its existing $4 billion valuation while on an American blacklist, according to people familiar with the matter.
Soho China Said to Consider $8 Billion China Office Sales
Soho China Ltd. is considering selling a majority of its commercial property holdings in deals that may fetch as much as $8 billion, people familiar with the matter said, sending the shares up the most on record.
BYD Earnings Drop 89% as China’s Electric-Car Market Goes Sour
BYD Co., China’s biggest maker of new energy vehicles, reported a 89% slump in quarterly net income as slowing demand in the world’s largest car market continues to erode its bottom line.
U.S. Blacklisting Undermines Megvii IPO, China’s AI Aspirations
Donald Trump’s latest salvo against China threatens to derail a $1 billion coming-out party for a prominent startup backed by Alibaba Group Holding Ltd., while curtailing the country’s broader ambitions of leading artificial intelligence in the coming decade.
Chinese Passenger Drone Maker EHang Is Said to File for U.S. IPO
EHang, one of China’s largest drone makers, has made a confidential application for an initial public offering with Nasdaq Inc., according to people with knowledge of the matter.
China’s 5G Ambitions Push Huawei Suppliers Stock to Record High
China’s ambitions for next-generation wireless networks have propelled the country’s two leading printed circuit boards makers to new heights. The party may just be getting started.
Burger King's $1 Billion China Franchisee Said to Mull H.K. IPO
Burger King’s China franchisee is weighing a Hong Kong initial public offering after earlier scrapping plans for a U.S. share sale, people with knowledge of the matter said.
China AI Startup to File for Hong Kong IPO Soon Despite Protests
Chinese artificial intelligence startup Megvii is filing documents soon for a Hong Kong initial public offering that could raise as much as $1 billion, people familiar with the matter said, proceeding despite a market downturn spurred by pro-democracy protests across the financial hub.
AI Startup Plans IPO at Value of Over $1 Billion -- in China
The promise of artificial intelligence has yet to translate into big business. Now Kai-Fu Lee, a prominent venture capitalist in China and founder of Sinovation Ventures, says his firm’s new startup should be able to reach $100 million in revenue next year and go public the year after.
China’s New Star Stock Venue Is Losing Its Luster
Excitement is fading in China’s Star market as traders await the next batch of initial public offerings.
RYB Chinese Kindergarten Operator Says Teacher Arrested
RYB Education Inc. said a foreign teacher was arrested for alleged misconduct against a child at one of its kindergartens in eastern China, sparking a wave of backlash against the New York-listed company on social media.
WeWork's China Rival Is Said to Seek Up to $200 Million U.S. IPO
Ucommune is preparing to raise as much as $200 million in a 2020 U.S. initial public offering, people familiar with the matter said, a capital infusion that would help the loss-making Chinese startup battle WeWork Cos. across the world’s No. 2 economy.