CNBC's Julia Boorstin reports breaking news on Disney Shanghai. ( 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 ...)
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 ...)
Stock Markets, Oil Price Rebound as Countries Ease Lockdowns
World stock markets and the price of oil are up as more countries ease restrictions on business and public life, raising hopes for a recovery from a historic economic plunge ... ( read original story ...)
China’s Online Education Market: Lower-Tier Cities Offer Growth Prospects
China’s online education market has been growing over the past decade. The biggest segment of the market is for online K-12 and STEAM education. Adoption has be ... ( read original story ...)