The shares of Danke Apartment, one of China’s biggest rental platforms, surged by more than 75% on Tuesday night, Beijing time, closing at $2.40, mainly due to the rumor that another leading rental specialist 5i5j will purchase Danke.
Chinese internet giant Sina announced on Sept. 28 that it would go private and delist its US shares, ceasing to trade on Nasdaq where it went public in 2000, after an entity led by Charles Chao, the chairman of Sina, boosted its offer for the company to $43.3 a share in cash.
Shares of Chinese bottled water giant Nongfu Spring soared in their debut on the Hong Kong stock market Tuesday, boosting the fortunes of its founder Zhong Shanshan to instantly make him the richest man in China.
ChiNext, which has been in operation for more than ten years, has ushered in its biggest reform: piloting the registration-based IPO system.
On Aug. 14, 2020, Chinese Baidu-backed video streaming service iQIYI announced its unaudited financial report for the second quarter ended June 30, 2020.