China Rapid Finance, a Shanghai-based peer-to-peer lender ... The company, which raised $20 million at a pre-money valuation of $1 billion in November, could hold the IPO as soon as this year, the people said, asking not to be identified because the ... ( read original story ...)
Exclusive: China considers faster IPO approval to lure large tech deals – sources
The $25 billion record IPO of e-commerce giant Alibaba in New York in 2014 was ... While there are almost 400 tech companies listed in Shenzhen and Shanghai, the vast majority are small firms, with an average valuation of $1.9 billion, dwarfed by the ... ( read original story ...)
China Rapid Finance Said to Target U.S. IPO as Soon as 2017
China Rapid Finance, a Shanghai-based peer-to-peer lender ... The company, which raised $20 million at a pre-money valuation of $1 billion in November, could hold the IPO as soon as this year, the people said, asking not to be identified because the ... ( read original story ...)
China selfie-app leader seeks to ‘beautify the world’
SHANGHAI: Strolling a tree-lined Shanghai street with friends ... Meitu, which means “pretty picture”, launched a Hong Kong IPO in December that valued the company at $4.6 billion at the time, despite consistently posting losses. ( read original story ...)
Saudi favors New York for Aramco IPO, also considers Toronto, London: WSJ
Saudi officials also talked to exchanges in Singapore, Hong Kong, Tokyo and Shanghai but are unlikely to pursue listing ... Saudi officials expect the IPO to value Aramco at a minimum of $2 trillion. Saudi Arabian Oil Co, known as Saudi Aramco, was not ... ( read original story ...)
Annual profits of the Hong Kong and Shanghai Banks down by 62%
Hang Seng in Hong Kong drop by 41%. Hong Kong (AsiaNews) - The 2016 HSBC (Hong Kong and Shanghai Bank) profits have plummeted by 62% in one year according to President Douglas Flint. Announcing the drop today he insisted it was "quite satisfactory" given ... ( read original story ...)
China's regulator inspects inter-bank lending business in Shanghai – sources
SHANGHAI Feb 21 The Shanghai branch of China's banking regulator has launched an inspection of the inter-bank lending business of small- and medium-sized financial institutions in the city, two sources with direct knowledge of the matter said. The aim of ... ( read original story ...)