Showing 12 of 23 posts with this tag
Jihan Wu, the co-founder of Bitmain, announced he will resign as CEO to resolve a year-long dispute with Micree Zhan, the other co-founder, according to an internal letter he issued.
Employee whistleblowers at California-based electric vehicle maker Faraday Future have claimed that four "unqualified" directors are plotting to force the company into bankruptcy, according to a petition Pandaily received from a firm shareholder.
225 million shares of Warren Buffett-backed Chinese EV firm BYD were transferred to Citibank on July 11. Market insiders speculated from the transfer scale that these shares come from Buffett's Berkshire Hathaway, an American multinational conglomerate.
Jonjee Hi-Tech owned by Baoneng Investment Group issued a reply to announcement on receiving a Supervision Letter from the Shanghai Stock Exchange, disclosing the amount of debt and the assets of its holders.
According to information disclosed by the Hong Kong Stock Exchange, Richard Liu, founder of e-commerce giant JD.com, has recently sold 8.84 million shares in firm subsidiary JD Health, cashing out about HK $440 million.
According to the latest equity information from HKEx, on October 25, Neil Shen, the founding and managing partner of Sequoia Capital China, reduced his holdings in Meituan by 2,674,600 shares.
On the evening of July 13, Chinese delivery and e-commerce giant Meituan announced that all preconditions for the items contained in Tencent's subscription agreement had been reached. The estimated net proceeds from the deal are expected to be about $400 million.
According to a document submitted by Faraday Future to the US Securities Regulatory Commission on July 15th, the cornerstone investors who initially planned to invest 175 million US dollars will not take a stake in the company.
Web game developer Rhinos Interactive indicated on Dec. 8 that Muyuan Technology, one of Kuaishou’s affiliated companies, has become its second largest shareholder, according to Qcc.
News emerged on October 31 that a consortium headed by CITIC Group, one of China's largest conglomerates, was in discussion with Naspers, a major shareholder of Tencent, to acquire its shares in full. Naspers' subsidiary Prosus later responded, calling the report "speculative and untrue."
Retail giant Suning.com announced on Sunday it has received 14.8 billion yuan ($2.3 billion) in investment from state-backed investors in exchange for a 23% stake in the company, leading to a change in management.
Michael Yu acquired another 1.429 million shares of Koolearn, an online education company under New Oriental Education, at an average price of HK $6.95 per share.