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.
China Evergrande Shares Plunge 11% to Lowest Since July 2015
Shares of China Evergrande Group plunged as much as 11% to their lowest since July 2015, on continued concerns over the financial health of the indebted developer.
September 8, 2021 Source: Bloomberg
Fidelity Cuts Ant Valuation Again as China Crackdown Spreads
Fidelity Investments has slashed its estimate of Ant Group Co.’s valuation for at least the second time this year, underscoring the deteriorating outlook for Jack Ma’s fintech giant as the Chinese government ramps up regulation of the industry.
September 8, 2021 Source: Bloomberg
Ant-Backed Hello Seeking Funds at Likely Lower Valuation
Hello Inc., the Chinese bike-sharing unicorn backed by Jack Ma’s Ant Group Co., is trying to raise funds at a reduced valuation after abandoning a U.S. IPO, according to people familiar with the matter.
September 8, 2021 Source: Bloomberg
ByteDance Is in Talks for $4 Billion in Loans as IPO Wavers
ByteDance Ltd. is in discussions for about $4 billion in bank loans, according to a person familiar with the matter, as a crackdown on China’s internet sector casts doubt over the timing of its much-anticipated initial public offering.
September 8, 2021 Source: Bloomberg
Evergrande’s Second Downgrade in Two Days Raises Fear of Default
China Evergrande Group shares briefly fell below their 2009 initial public offering price after a second credit-rating downgrade in as many days boosted concern the developer will default on its debt.
September 7, 2021 Source: Bloomberg
Chinese companies seek to reopen path for New York IPOs
Close to $1bn worth of offerings in works despite declared 'pause' in US reviews
September 7, 2021 Source: Nikkei Asia
Sequoia China-Backed AI Startup Aibee Said to Seek New Funds
Aibee, a Chinese artificial intelligence startup, is planning a funding round to raise about $100 million, according to people familiar with the matter.
September 6, 2021 Source: Bloomberg
Didi Creates Union, Setting Precedent for Xi’s Worker Agenda
Didi Global Inc. is helping workers establish their first union, a groundbreaking decision its fellow tech giants may soon follow as China imposes rules to curb excessive work and protect millions of blue-collar workers from exploitation.
September 1, 2021 Source: Bloomberg
China’s Biggest AI Firm SenseTime Group Files for Hong Kong IPO
SenseTime Group Inc. filed plans for an initial public offering that would list China’s largest artificial intelligence company on the Hong Kong exchange.
August 27, 2021 Source: Bloomberg
Here’s What Some Chinese Firms Are Adding to U.S. IPO Filings
Chinese firms planning to list on American exchanges are slowly starting to tackle increasingly detailed queries from the U.S. Securities and Exchange Commission, which has been pushing for full disclosure of political and regulatory risks they face in their home country.
August 24, 2021 Source: Bloomberg
Tim Hortons China to Create Data Unit Amid Xi's Crackdown
The company running the Chinese business of Canadian coffee shop chain Tim Hortons is proposing a novel solution to address Beijing’s data security concerns as it seeks to go public in the U.S. through a blank check company.
August 24, 2021 Source: Bloomberg
China Regulator Halts 42 IPOs on Probe of Broker, Law Firm
China’s market regulator halted 42 initial public offerings in Shanghai and Shenzhen after starting a probe into an investment bank, a law firm and other parties involved in the deals.
August 22, 2021 Source: Bloomberg
China Starts Probe Into Party Boss of Alibaba’s Home City
China is investigating Hangzhou’s top government official for serious disciplinary violations, casting a spotlight on the city that is home to Jack Ma’s Ant Group Co. and Alibaba Group Holding Ltd.
August 22, 2021 Source: Bloomberg
China Exchanges to Improve IPO Pricing on Star, ChiNext Boards
August 22, 2021 Source: Bloomberg
BYD Chip Unit IPO Stalled as China Regulator Probes Adviser
The Shenzhen Stock Exchange said it’s suspended reviewing a share-sale application by BYD Co.’s chip unit following a regulatory probe of an adviser to the proposed initial public offering.
August 22, 2021 Source: Bloomberg
China Telecom Surges in 2021’s Biggest Listing, Passing Kuaishou
China Telecom Corp., the country’s second largest mobile operator, surged 35% over its offer price of 4.53 yuan in its market debut in Shanghai, cementing its status as the world’s biggest listing so far in 2021.
August 19, 2021 Source: Bloomberg
SEC Leans Hard on China IPOs to Explain Offshore Structures
Chinese companies applying to go public in the U.S. are facing increasingly detailed questions from the Securities and Exchange Commission about their offshore corporate structures, according to people familiar with the matter.
August 18, 2021 Source: Bloomberg
AI Firm SenseTime Said to Tap HSBC For $2 Billion Hong Kong IPO
SenseTime Group Ltd., China’s largest artificial intelligence company, is working with HSBC Holdings Plc to arrange its planned Hong Kong initial public offering that could raise at least $2 billion, according to people familiar with the matter.
August 17, 2021 Source: Bloomberg