Xiaomi debuted on the Hong Kong Stock Exchange today with opening and closing prices lower than expected.
Pinduoduo, one of China’s largest e-commerce unicorns, looks to raise around US$1 billion in its U.S. initial public offering (IPO), confirming a report published earlier by Pandaily.
Wise Talent Information Technology, the parent company of Chinese executive headhunting platform Liepin.com, joins the Hong Kong Stock Exchange today to become its first listed tech company providing human resource solutions.
On the morning of June 28, sources from China Entrepreneur Magazine disclose that leading e-commerce platform Pinduoduo is rumored to be filing for an IPO at the U.S. Securities and Exchange Commission next week, with Goldman Sachs and China International Capital Corporation as the main underwriters.
Uxin Limited, China's used auto e-commerce platform became publicly listed under the symbol “UXIN” on the Nasdaq Stock Market on June 27 at $9 per share. The underwriters are Morgan Stanley, Goldman Sachs, J.P. Morgan, China International Capital Corporation and China Renaissance Group.
Meituan-Dianping submitted the file for its Initial Public Offering (IPO) to Hong Kong stock exchange on June 22, targeting to raise $6 billion in funds. It will compete with the incoming IPO of Xiaomi in scale with a funding target of $6.1 billion.
Xiaomi announced its decision on Tuesday to postpone its listing process in mainland China while proceeding with original plans in Hong Kong.
Here is this week’s roundup of technology & innovation stories in China.
Xiaomi Corporation is going to be the first foreign company to issue Chinese Depositary Receipts (CDRs) in mainland China, as revealed in its prospectus released by the China Securities Regulatory Commission on Monday.
Foxconn Industrial Internet Co Ltd. (FII) made a record debut by raising 27.1 billion yuan ($4.3 billion) on Friday, and became the most valuable tech company listed on the Shanghai Stock Exchange as well as in the entire mainland China.
Ant Financial Services Group announced today that they have raised approximately $14 billion in the Series C equity financing round, including a RMB tranche raised from Chinese investors by Ant Financial and a USD tranche from international investors by Ant International.
Tencent-backed Chinese Internet giant Meituan-Dianping is seeking to go public in Hong Kong at an evaluation of $60 billion. According to The Information, it is reported that Wang Xing, CEO of Meituan, was in Hong Kong tapping several banks for listing details.
Uxin Limited, China's leading used auto trading platform, filed for an initial public offering on Tuesday, seeking investments of up to $500 million on the Nasdaq Stock Market, and will run under the symbol of “UXIN”.
When Dale Carnegie wrote his magnum opus almost a century ago, he was most certainly not prepared to address social phenomenons such as live streaming in our ever-evolving digital era.
Haidilao International Holding Ltd., one of China’s most popular hot pot chains, submitted its prospectus to Hong Kong Stock Exchange on May 17.