While the provider of the alipay service is still discussing the size and timing of the share sale, the outcome is likely to be one of the largest initial public offerings in years. ( read original story ...)
STAR brings ‘new dawn’ to Shanghai
The technology-heavy STAR Market, which celebrated its anniversary on Wednesday, has given more decisive power to the capital market by piloting the registration-based initial public offering system ... ( read original story ...)
Shanghai appoints new mayor, who talks of turning crisis into opportunity
Shanghai on Tuesday appointed Gong Zheng as the city’s new mayor, who faces the challenge of reviving the city’s coronavirus-hit economy.The 60-year-old from Jiangsu was confirmed by the city’s ... ( read original story ...)
China’s Chipmaker Mania Grows With Cambricon Surging 350% on Debut
Chinese chipmakers have surged in the past year, boosted by Beijing’s support for self-sufficiency in semiconductors and as adoption of 5G and artificial intelligence prove resilient amid the pandemic ... ( read original story ...)
Markets end higher for fifth straight session; Sensex, Nifty surge 1.3% each
Power Grid, HDFC, ICICI Bank, Maruti among top gainers on Sensex.On the Nifty, 32 stocks advanced, while the rest declined ... ( read original story ...)
Jack Ma’s Ant Group Plans Dual IPOs in Shanghai, Hong Kong, Bypassing New York
Ant Group, the Chinese tech and financial-services giant that owns mobile-payments network Alipay, said it is planning IPOs in Hong Kong and Shanghai, bypassing New York. The combined offering could ... ( read original story ...)
Alibaba extends its recent rally following Shanghai’s sharp rise
Chinese internet stocks are seeing strength, led by Alibaba ... and IPO process on the Hong Kong Stock Exchange and the Shanghai Exchange’s Science and Technology Innovation Board (STAR Market). ( read original story ...)