Existing institutional investors intend to support the IPO valuation with significant purchases at the IPO price. The Shanghai-based company was founded in 2015 to offer a different and more social e- ... ( read original story ...)
China-Based Pinduoduo IPO Aims To Raise $1.5 Billion In An Active Week
The Pinduoduo IPO is expected to price July 25 and trade July 26 on the Nasdaq under the ticker PDD. The Shanghai-based company runs a popular e-commerce site it describes as "Costco meets Disneyland, ... ( read original story ...)
Stock downtrend sparks buybacks
Investors sit in front of an electronic stock board at a securities brokerage in Shanghai, June 9, 2017. [Photo/VCG] As the market caps of A-share companies have been low during the first half of this ... ( read original story ...)
Exclusive: England ‘wrong to copy Shanghai maths’
Maths teaching in Shanghai has been held up as a system for the world to aspire to after topping international comparison tests run by Pisa. In 2014, the UK government announced that 32 schools would ... ( read original story ...)
City of Devils by Paul French — Shanghai surprise
In his new book City of Devils, Paul French, author of the prizewinning true crime Midnight in Peking, does for Old Shanghai what he previously did for Old Beijing: portrays a city through its histori... ( read original story ...)
China stocks rebound, led by surge in bank shares
SHANGHAI, July 20 (Reuters) - China stocks rebounded nearly 2 percent on Friday erasing this week’s losses as investors piled into financial shares after a media report suggested looser-than-expected ... ( read original story ...)
Hermes Sees China Demand Undented by Shanghai Stock Decline
Hermes International is weathering a decline in China’s stock market, saying sales in the country are still ... The 13 percent drop in Shanghai’s CSI 300 Index this year isn’t fazing the maker of the ... ( read original story ...)