An obscure Hong Kong financial services company and its controversial founder caused an uproar on Wall Street this week after its stock shot up 14,000%. Can it possibly be legit?
Miniso, a chain of stores that sell household goods and apparel, has filed for an IPO in New York.
After Ant Group and JD Digits, another Chinese fintech giant has filed for an IPO
Weibo owner Sina and search firm Sogou have announced they will go private and leave the Nasdaq and New York Stock Exchange, respectively. They are joining a collection of Chinese companies determined to rely less on U.S. markets as political tensions rise.
The Hong Kong Stock Exchange used to lean on its finance and banking sector, but political turmoil has forced it to change. The exchange may have found salvation in China’s tech giants that seek refuge as they scurry away from America.