China's purchases of chipmaking equipment are set to decline this year after three years of growth, as the industry grapples with overcapacity and faces greater constraints from U.S. sanctions, a ... ( read original story ...)
Hong Kong’s latest bubble tea IPO mints another billionaire
Guming Holdings’ US$233 million (S$315 million) Hong Kong initial public offering (IPO) bolstered the value of the stake owned by its millennial founder, Wang Yun’an, to US$1.2 billion, according to ... ( read original story ...)
Eternal Beauty, China’s Largest Fragrance Distributor, Revives Hong Kong IPO Bid
The Hong Kong-based firm works with Hermès, Van Cleef & Arpels, Chopard, Albion and Laura Mercier in mainland China, Hong Kong and Macau. ( read original story ...)
GDS considers IPO for international DayOne unit – report
Reports that GDS was seeking $1 billion in investment for its international data center unit surfaced in August 2024. In March of last year, the company raised $587 million for the unit. This was ... ( read original story ...)
China’s Bubble Tea Firm Mixue to Raise About $500 Million in Hong Kong IPO Later in Feb, Sources Say
SYDNEY/HONG KONG (Reuters) - China's largest bubble tea firm, Mixue Group, will begin bookbuilding for its Hong Kong initial public offering by the end of February to raise about $500 million, ... ( read original story ...)
Is China’s state-funded stock revival plan pie in the sky?
As China directs its large financial institutions to help revive and rebalance a struggling stock market, analysts see merit in the plan but are sceptical it will stimulate a recovery. ( read original story ...)
Tesla commissions new factory in Shanghai
Tesla has commissioned a new megafactory in Shanghai, China, to manufacture energy-storage batteries, known as Megapacks, reported Xinhua. This facility, which is set to contribute to Tesla’s global ... ( read original story ...)