stock market Archives

Alibaba Transforms into a Dual Primary Listing in Hong Kong

On August 23, Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28, 2024.

SUNWODA Subsidiary to Go Public Independently, Values at $4.9 Billion

On July 15th, Sunwoda released a proposal regarding the spin-off of its subsidiary, Sunwoda EVB, for listing on the ChiNext board of the Shenzhen Stock Exchange.

Mobvoi Officially Submitted Its Listing Application to the Stock Exchange of Hong Kong

On May 30th, The Stock Exchange of Hong Kong documents showed that the artificial intelligence company Mobvoi submitted an IPO application to the exchange, aiming to become the first AIGC stock. China International Capital Corporation and CMB International Capital Holdings are joint sponsors.

Prosus Continues to Reduce Its Stake in Tencent

Prosus, a major shareholder of Tencent, announced that as part of its ongoing share buyback plan, it will deposit 96 million Tencent shares it holds into the Hong Kong Central Clearing and Settlement System (CCASS) in certificate form this week to enable these shares to be traded orderly on the market.

China Mobile Inches Closer to Becoming Highest Valued A-Share Company

Telecommunications provider China Mobile is on track to surpass the most highly valued A-share listed company in terms of market capitalization following a steady six-month rise in its stock price.

Demand for Oximeters Surges in China as Firms Expand Production Capacity

As the Omicron coronavirus variant spreads across China, the risk of silent hypoxia to the elderly population has received significant attention. As an effective means to monitor blood oxygen level and prevent critical illness, oximeters are now selling rapidly.

Alibaba Reduces Stake in AI Unicorn SenseTime, Shareholding Ratio Falls Below 9%

Chinese internet giant Alibaba has slashed its stake in SenseTime, an artificial intelligence software company, amid a rebound in the latter's Hong Kong shares.

Meituan CEO Wang Xing and Li Auto Senior Executive Sell Shares, Ignites Discussion

On September 13, the topic of "Li Auto's President cashed out over 90 million yuan ($12.9 million)" aroused a firestorm of debate in China.

Warren Buffett Sells BYD Shares for First Time, Cashing in Over HK$358M

On August 30, the HKEx (Hong Kong Stock Exchange) News website showed that Warren Buffett's Berkshire Hathaway Corporation had sold 1.33 million BYD shares on August 24 at an average price of HK$277.1 ($35.31) per share.

Photovoltaic Module Manufacturer Haitai Solar Enters Beijing Stock Exchange

Haitai Solar, a photovoltaic module manufacturer based in China, on August 8 officially listed to the Beijing Stock Exchange.

Alibaba Responds to Inclusion on US SEC Delisting List

Alibaba issued a statement on the morning of August 1, acknowledging its inclusion on the watchlist and assuring that it would maintain a watchful eye on market developments.

Case Filed against Ganfeng Lithium for Suspicion of Insider Trading

Ganfeng Lithium announced on July 3 that the company had received a Notice of Case Filing from the China Securities Regulatory Commission (CSRC) for suspected insider trading of an A-share listed company's shares in the secondary market.

Major Tencent Shareholder to Reduce Stakes For Buyback Plan

Tencent released an announcement on Monday at the Hong Kong Stock Exchange, stating that the company's major shareholder, Prosus, which is mostly owned by Naspers, would sell its shares.

ChinaLin Securities Plans to Acquire ByteDance Subsidiary

Shenzhen-based ChinaLin Securities announced on Monday that the company signed a purchase agreement of "Dolphin Stock" with ByteDance.

System on Chip Company Actions Semiconductor Goes Public on Shanghai Stock Exchange

The company is a well-known low-power System on Chip (SoC) designer in China, focusing on providing professional integrated chips for smart Internet of Things devices.

SF Express’ Intra-City Subsidiary Passes HKEx Listing Hearing

According to the Hong Kong Stock Exchange (HKEx), Hangzhou SF Intra-City Industrial Co., Ltd. (SF Intra-City) on Monday passed its listing hearing.

Beijing Stock Exchange Officially Launches With 81 Companies Participating in Trading

Among the first batch of 81 companies listed on the new bourse, 10 are new stocks and the remaining 71 have been transferred from the Selected Layer of National Equities and Exchange Quotations.

After 10 Months of Shareholding and Losses of 2.3 Billion Yuan, Alibaba to Sell All Stakes in Mango Excellent Media

Mango Excellent Media announced on Thursday evening that Hangzhou Alibaba Venture Capital plans to transfer 93,647,857 shares, accounting for 5.01% of Mango's total shares.

Beijing Stock Exchange Announces Rules, Clarifying the Listing, Trading and Delisting Procedures

The rules include procedures for listing, trading and membership management within the new bourse, and are all on trial status currently.

China to Launch Beijing Stock Exchange for SMEs

A new stock exchange will be set up in Beijing to support the innovation and development of small and medium-sized enterprises (SMEs).

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