Losses for Chinese artificial intelligence startup Megvii are far outpacing revenues as the company prepares for an initial public offering of nearly $1 billion on Shanghai's STAR Market while under ... ( read original story ...)
China Stock Market May Be Stuck In Neutral On Monday
The China stock market has moved higher in two straight sessions, climbing almost 100 points or 3 percent along the way. The Shanghai Composite index now sits just above the 3,450-point plateau, ... ( read original story ...)
Exit of high-carbon industries in China could bring systemic financial risks: PBOC official
... in China would lead to a possible re-evaluation of invested financial resources and might bring systemic financial risks, state-owned Shanghai Securities News said on Monday, citing a central bank ... ( read original story ...)
China’s Plan to Trim Debt Makes Stock-Market Reforms More Urgent
First-time share sales on the main Shanghai and Shenzhen stock exchanges are currently vetted by the regulator, a lengthy review period which makes the equity market inaccessible for many smaller ... ( read original story ...)
China’s stock market attracts over 1.6m new investors in February
BEIJING - Around 1.61 million investors in China opened accounts to trade in stocks on the Shanghai and Shenzhen bourses in February, industrial data showed. The figure marked an increase of 79.75 ... ( read original story ...)
Alibaba-Backed AI Startup Megvii Files for IPO in Shanghai
Megvii Technology Ltd. is poised to become the first major Chinese artificial intelligence startup to go public after it filed for a Chinese Depositary Receipt offering on Shanghai’s Star board on ... ( read original story ...)
Face biometrics giant Megvii approved for $925M IPO on Shanghai Stars exchange
Megvii is the latest biometrics unicorn from China to move towards an IPO, with the Shanghai Stock Exchange accepting the facial recognition developers’ application for a 6 billion yuan roughly ... ( read original story ...)