Walt Disney Co estimated global coronavirus lockdowns cut profits by $1.4 billion, mostly from its shuttered theme parks, but said it would reopen Shanghai Disneyland next week. ( read original story ...)
Is This The Right Time For A Chinese IPO In US? Kingsoft Cloud Will Soon Find Out
From this sale, Kingsoft Cloud expects to generate net proceeds of between $392 million and $451 million. The company would then have a market value of between $3.6 billion and $3.8 billion. Kingsoft ... ( read original story ...)
Disney’s Shanghai theme park will reopen Monday
Theme parks are crucial to Disney's health, and the coronavirus closures cost the company $1 billion in lost income in the first three months of the year. ( read original story ...)
Shanghai Disneyland to reopen on May 11
Shanghai Disneyland will reopen to the public in less than a week, the company said during an earnings conference call on Tuesday. ( read original story ...)
Stocks shake off an early loss and end higher, led by tech | Raleigh News & Observer
The stock market shook off a weak start and ended with modest gains Monday, thanks to another solid showing from big technology companies. ( read original story ...)
Luxury Houses Go Big in Shanghai’s Inaugural Double Five Festival
LVMH, Kering, Richemont and L’Oréal are making hundreds of global debuts in the city as it steadily recovers from COVID-19 lockdown. ( read original story ...)
Kingsoft Cloud is considering a Nasdaq IPO, in a US$450 million bet that anti-China sentiment is a tempest in a teapot
After the IPO and excluding these potential new investments, Kingsoft Group’s stake in the cloud service unit will be reduced to 46.8 per cent from 53.7 per cent, while Xiaomi s ... ( read original story ...)