China’s financial technology giant Alibaba’s Ant Financial Service Group Co. cut credit limits for some young users on its digital consumer lending platform Huabei in recent days.
Consulting agency Ernst & Young (EY) revealed a report on Dec. 21 that the initial public offerings (IPO) volume on the Shanghai Stock Exchange (SSE) ranked first worldwide compared to other markets.
On Dec 11, Chinese toy company Pop Mart successfully launched its initial public offering (IPO) in Hong Kong, with shares skyrocketing by 100.26% in value.
Chinese Electric Carmaker XPeng raised $2.16 billion in an upsized follow-on offering, the company announced in a statement on Wednesday.
JD.com's heath-care arm JD Health started trading on the Hong Kong markets on Dec. 8 and shares surged as much as 75% as of press time.
As China’s fastest-growing toymaker, Pop Mart International Group announced today that the company is planning to sell 135.7 million new shares to global investors
Supply chain and logistics services provider JD Logistics is said to be preparing for an initial public offering (IPO) next year with an estimated valuation of $40 billion, according to Reuter’s International Financing Review (IFR.)
Futu Holdings Limited Thursday published its unaudited financial report for the third quarter ended Sept. 30, showing soaring gross profit and surging non-GAAP adjusted net income.
Chinese social and gaming giant Tencent reported strong Q3 financial results on Thursday, generating a revenue of 125.5 billion yuan ($18.9 billion), up 29% year-on-year and ahead of analysts’ expectations.
If you need a refresher when it comes to Ant, may I suggest our Tech Buzz Ep. 74 on the company, which I dare say provides pretty good context into the history of the company, and why it has created the product lines that it has: CreditTech (39%), Payments (36%), InvestmentTech (16%) and InsureTech (8%).
Ant Group on the evening of Nov. 5, Beijing local time, announced to officially start to refund the $2.8 trillion on Nov. 6 to Shanghai investors
On the evening of Nov 5, Beijing time, Chinese short video giant Kuaishou officially submitted its prospectus to the Hong Kong Stock Exchange, ending the months long speculation as of when the company is to go public.
The Shanghai Stock Exchange (SSE) and Hong Kong Stock Exchange (HKEX) both on Nov. 3 announced to halt the IPO process of Ant Group.
NYSE-listed Chinese education giant New Oriental Education & Technology Group Inc. on Oct. 28 announced to launch its public offering in Hong Kong.
Ant Group is set to raise about $34 billion as shares are planning to trade in both Hong Kong and Shanghai next month, marking the most massive IPO in the world.