STOCK PRICE Archives

Meituan’s Hong Kong Stock Price Falls Below IPO Price

On January 17th, Meituan's Hong Kong stock price fell by 6.97%, closing at HKD 68.75, reaching a new low in the past four years. This price dropped below Meituan's IPO price.

SenseTime Lays off Employees in Multiple Departments

On August 28th, recently, multiple current and former employees of SenseTime confirmed that the company is undergoing another round of layoffs, involving some departments, with a requirement for some to leave within one week.

Keep Lists on The Stock Exchange of Hong Kong with A Market Capitalization of $2 Billion

On July 12th, Keep, the first sports technology company, officially listed on The Stock Exchange of Hong Kong with the stock code "3650".

Buffett Sells BYD H-shares Again

On June 26th, it was reported that Buffett sold 2.53 million BYD H-shares at a price of HKD 266.85 per share (USD 34), reducing his stake from 9.21% to 8.98%.

Xiaomi Awards 4,110 Participants with Total Equity Value of $290 Million

On the morning of March 28th, Xiaomi announced on the Hong Kong Stock Exchange that its board of directors awarded a total of 190 million shares of incentive shares to 4,110 selected participants under the share incentive plan on March 27th, 2023.

Baidu Unveils ERNIE Bot, Share Price Rises More Than 12%

Baidu's ChatGPT-like product ERNIE Bot was unveiled yesterday and subsequently caused huge fluctuations in its share price. Before the Hong Kong stock market opened today, Baidu's share price rebounded. Around 15:00 Beijing time, the share price rose by over 12% to HK $142.8 (about 18.2 $).

BYD Denies Plan to Raise Price of Dynasty and Ocean Series Cars Again

A screenshot of an internal BYD announcement shows that due to the sharp increase in raw material prices and the decline of China's subsidies for new energy vehicle purchases, BYD will adjust the suggested retail price of some of its new cars.

Monthly Pay of Young CICC Trader Above $12K, Catching Eye of Chinese Web

On the evening of July 28, a screenshot showing that "the monthly income of a post-90s brokerage trader is 82,500 yuan ($12,225)" went viral on Chinese social media platforms.

IC Design Firm Injoinic Completes Shanghai IPO, Xiaomi and Samsung Among Customers

Chinese IC design company Injoinic was listed on Shanghai's Sci-Tech Innovation Board (STAR Market) on Tuesday.

China Merchants Bank Plunges 7.35% After Major Change of Senior Executives

China Merchants Bank announced during a meeting on Monday afternoon that it had decided to remove Tian Huiyu from the post of president and director of the bank and make another appointment for the position.

Meituan Stock Price Tumbles, Govt Requires Service Fees to Be Lowered

China's national Development and Reform Commission and other departments issued new guidelines on Friday, asking food delivery platforms to cut fees for restaurants to reduce their business costs.

SF Intra-City’s Hong Kong IPO Set at $2.11 Per Share, to Raise About $260 Million

Chinese logistics giant SF Holding’s intra-city delivery subsidiary SF Intra-City announced on the Hong Kong Stock Exchange (HKEx) that the offering price has been set at HK$16.42 ($2.11) per share.

RLX Technology Fell by Over 80% During the Year, Plans to Implement a Repurchase Plan of Up to $500 Million

RELX Technology announced that its board of directors had authorized a stock repurchase program, according to which the company can repurchase up to $500 million of shares.

Chinese Auto Parts Maker Tuopu Group Responds to Tesla Recall

Regarding a Tesla recall announcement last week, Chinese auto parts supplier Ningbo Tuopu Group on Monday issued a statement at the Shanghai Stock Exchange.

Member-based Social E-Commerce Yunji Receives NASDAQ Delisting Warning

Yunji received a delisting warning from the NASDAQ on September 27, and now has a grace period of 180 days to regain compliance. It later announced that "the company intends to solve this problem within the prescribed grace period."

Soho China’s Stock Tumbles 35% After Deal Falls Through, What Will Owner Shiyi Pan Do Now?

This recent drop in the stock price might be attributable to the situation of Soho China and the couple Pan Shiyi and Zhang Xin, the controllers of the company.

Shenzhen Stock Exchange Issues Letter of Concern to Telling Telecommunication, After Stock Soars 267%

Telling Telecommunication's share price opened down on Monday falling as low as 24.21 RMB per share. Since the beginning of August of this year, the stock has surged more than 220%.

Geely to Issue 3.7 Billion Yuan in Stock to 10,000 Employees

Geely approved a share award plan for a total of up to 350 million shares and granted about 167 million shares to 10,884 incentive recipients under the plan.

Evergrande Sees Temporary Rebound in Share Price After Selling 11% Stake in Hong Kong Firm

Following a tumultuous first half of 2021, China Evergrande Group rebounded during Monday trading at the Hong Kong Stock Exchange as it made moves to sell off assets and stabilize its debt-ridden finances.

New Oriental Education’s Stock Price Plummets Amid Stricter Government Regulation

The share price of New Oriental Education on the Hong Kong Stock Exchange on Friday afternoon has suddenly slumped. As of 4:10 pm, its was selling at HK $30.60 per share – down 39.63% – hitting a new low since its Hong Kong debut. Its latest market valuation sits at HK $55.541 billion

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