Nasdaq Archives - Page 3 of 5

JOYY Q2 Revenue Surges to $826M

Video-based social media platform JOYY Inc. on Thursday reported net revenue of $826.6 million in the second quarter of 2020, up 36.3% year-on-year.

Tencent-backed Game Streaming Site DouYu Reports Solid Earnings in Q2 Under Potential Merger with Huya

Chinese game-centric live streaming platform DouYu International (Nasdaq: DOYU), Monday reported a 33.9% year-on-year increase in total net revenues in the second quarter of 2020, beating the company’s previous estimate.

Ucommune Officially Withdraws $100 Million US Listing Plan, Instead Targets SPAC Merger

Chinese co-working space provider Ucommune Thursday announced the withdrawal of its initial public offering plan from the New York Stock Exchange where it originally filed in December 2019.

Chinese EV Manufacturer Li Auto Goes Public on Nasdaq with Share Price Surging 43.13% on First Day, Market Cap Briefly Beats NIO

Chinese fast-growing electric vehicle maker Li Auto kicked off trading on July 30 on the Nasdaq Global Market with its share price soaring 43.13% from its IPO price of $11.5.

Ctrip Considers Delisting from Nasdaq

China’s largest online travel firm Ctrip.com is considering a delisting from Nasdaq due to the impact of COVID-19 and rising US-China tensions.

Meituan Dianping-Backed Chinese EV Maker Li Auto Targets $100M US Listing on July 31

Chinese electric vehicle maker Li Auto has filed for a U.S. initial public offering, aiming to list its shares on the Nasdaq Global Market on July 31.

Chinese EV Maker Li Auto Files for Nasdaq IPO

Chinese electric vehicle (EV) maker Li Auto Inc. has filed for a US initial public offering of up to $100 million, seeking to list its stock on the Nasdaq.

Shares of Chinese LGBTQ Dating App Owner BlueCity Soar in Public Trading Debut on Nasdaq

BlueCity Holdings (Nasdaq: BLCT), the operator of Chinese gay dating platform Blued and LGBTQ online community, has gotten off to a good start on Wednesday as the company carried out its public trading on Nasdaq.

Ucommune Enters Merger Agreement with Acquisition Company for NASDAQ Trading Under New Ticker

Chinese co-working space provider Ucommune has entered into a merger agreement with New York-based acquisition company Orisun Acquisition Corp.

Charles Zhengyao Lu Remains Luckin Coffee’s Chairman

Luckin Coffee Inc. said Thursday that its co-founder Charles Zhengyao Lu will remain chairman, after the board of directors failed to oust him.

Quhuo to Raise $27M in IPO

Workforce operations platform Quhuo Limited (QH) announced it had filed a registration statement with the US Securities and Exchange Commission (SEC).

Luckin’s Scandal Leads to Internal Power Struggle; Source Says Chairman Faces Criminal Charges

Chinese coffee chain Luckin Coffee’s Chairman Charles Zhengyao Lu has faced criminal charges based on evidence of his involvement in financial scandals and the company’s internal investigation, local media reported on Wednesday.

Agora Shares Rise 145% on Nasdaq IPO debut

Share of Agora Inc, a platform that allows customers to embed voice and video in their applications. rose 145% to $49.19 after its IPO.

Fraud-hit Luckin Coffee Shares To Be Suspended From Nasdaq, Domestic Operations Remain Normal

While Fraud-hit Luckin Coffee Shares will be suspended from Nasdaq, Luckin Coffee continues to provide quality products and services to its customers.

Travel Agency Tuniu Loses $29.5 Million in Q1 As It Struggles to Stay on Nasdaq

Tuniu Corp. (TOUR) reported Wednesday a net loss of 201.5 million yuan ($29.5 million) on revenue of 174 million yuan, a year-on-year decrease of 61.9%, in Q1 2020.

Luckin Chairman to Face Criminal Charges Amid New Evidence in Fraud Probe

While authorities found Luckin Coffee Inc paid taxes on bogus transactions, its CEO said their business model is correct and willing to participate in any investigations.

Megvii Clarifies Listing Rumor: Haven’t Ruled Out Hong Kong IPO, Considering Star Market

While media reported that Megvii suspended its IPO listing in HK, Megvii told us it's false.

On-demand Delivery Firm Dada Group to List on Nasdaq Early this Month

With continuous increase in its net revenue, on-demand delivery firm Dada Group launched its IPO process on Nasdaq, hoping to expand.

COVID-19 Grounds Tourists, Forcing Travel Companies to Think Outside the Box

Chinese are the largest tourist demographic on earth, and as China and many other countries keep their borders closed, companies servicing this massive body of travelers are experiencing enormous losses.

Baidu Responds To Delisting Rumor: ‘Still Considering A Secondary Listing’

On the evening of May 21, Reuters reported that Baidu was considering delisting from NASDAQ to boost its valuation. Baidu responded to The Economic Observer later claiming this was a false rumor.

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