Having faked its revenue numbers, Luckin became a laughing stock of a unicorn, with analysts on both sides of the pond contemplating over what outcomes this situation will have on a larger scale for Chinese businesses abroad.
Kingsoft Cloud plans to list on NASDAQ under the ticker KC. JPMorgan Chase, UBS, Credit Suisse and CICC will act as joint lead underwriters for Kingsoft Cloud's IPO.
Bestore, a high-end snack store chain headquartered in Wuhan, listed on the Shanghai Stock Exchange on February 24.
Huize Holdings is a Shenzhen-based an online insurance cpmpany that aggregates insurance products and aims to provide a seamless user experience targeting the younger generation.
Bloomberg reports Chinese ride-hailing company Dida Chuxing is expected to raise up to $300 million in a pre-IPO round.
Ant Financial has responded to rumors of dual listing IPO of both A-shares and H-shares, saying there is no plan or timetable for an IPO.
Chinese audio platform Lizhi has updated its prospectus a few days ago to reveal more details of its upcoming IPO.
The long-term rental service provider Danke Apartment updated its F-1 prospectus filed to the US SEC and it is expected to be listed on New York Stock Exchange with the ticker symbol “DNK”.
Following Alibaba’s historic secondary listing on the Hong Kong stock exchange, other Chinese tech giants including Baidu are considering a similar strategy, according to IPOzaozhidao.
According to Tencent News, Ctrip plans to return to Hong Kong for a secondary listing and has recently approached a number of Chinese and foreign investment banks.
After a record-setting 2018 that saw Chinese VCs ladle out cash to startups at mind-boggling valuations, current numbers spooked global investors, some of whom regard the diminished numbers as a sign of an imminent industry debacle.
Royole Corporation is seeking a US IPO, aiming to raise $1 billion, a person familiar with the situation told Leidi.com.
As Asia’s biggest office space provider Ucommune is preparing to repeat its rival’s miscarried feat, the question arises as to what it can offer that WeWork couldn’t.
On December 22, Chinese software developer Kingsoft issued a proposal for a spin-off and independent listing announcement, regarding its sub-branch Kingsoft Cloud.
The logistics unit of JD.com is eyeing a potential overseas IPO that could raise $8 – $10 billion, two insiders revealed to Reuters.