SHANGHAI (Reuters) - China’s central bank has restricted commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, two sources with direct k... ( read original story ...)
Skadden, Latham Steer Tencent-Backed Electric Car Maker’s $1.8 Billion IPO
Shanghai-based NIO is backed by Chinese internet giant Tencent Holdings Ltd. and Chinese private equity firm Hillhouse Capital Group. The four-year-old company plans to use $650 million in the proceed... ( read original story ...)
5 things to know about the IPO of Nio, AKA the ‘Chinese Tesla’
Nio Inc., a Shanghai-based electric-car maker ... If Nio succeeds in raising that sum, it would mark the fourth largest U.S. IPO this year, behind Axa Equitable Holdings’ EQH, -0.78% $3.16 billion, Pa... ( read original story ...)
HSBC to roll out more digital services for firms
THE HONG KONG and Shanghai Banking Corp. (HSBC) is looking to roll out more mobile services to corporate clients in the Philippines over the coming year, following a jump in its credit card business s... ( read original story ...)
As Tesla looks to go private, Chinese rival plans U.S. IPO
Backed by Chinese internet giants Baidu, Tencent and others, Nio was founded in 2014 in Shanghai by Bin Li, an entrepreneur who previously started an online automotive services platform called Bitauto ... ( read original story ...)
OPINION: China’s Tesla bets on hot-wired dream for IPO
HONG KONG: China's Tesla is betting on hot-wired dreams for a U.S. IPO. Based in Shanghai and focused on the mainland market, electric car maker Nio aims to raise up to $1.8 billion in a New York list... ( read original story ...)
A unicorn’s IPO filing offers a glimpse into the health of Chinese EV startups
And now an IPO filing from one of the most high-profile unicorns is finally providing a window into the state of Chinese EV startups. NIO, a four-year-old Shanghai-based EV firm, on Monday (Aug. 13) f... ( read original story ...)