Some 200 to 240 firms are likely list on China’s A-share market in 2024, down 36 percent to 23 percent from last year, a report published by PwC showed yesterday. They are expected to raise between ... ( read original story ...)
China’s largest bubble tea makers Mixue and Guming apply for Hong Kong IPO
China's leading bubble tea makers including Mixue Bingcheng and Guming are rushing to apply for first-time share sales in Hong Kong as companies in the fast-growing sector expand aggressively amid ... ( read original story ...)
Cash-starved Chinese property group Dalian Wanda sells Shanghai luxury hotel to Indonesian billionaire
The cash-strapped Dalian Wanda Group sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto, at a reported price of between 1.44 billion and 1.66 billion yuan ... ( read original story ...)
Drone snaps epic 4K video of 100s of Tesla’s ready to be shipped to new owners
A drone has been sent over Tesla's Gigafactor in Shanghai revealing the EV manufacturing plant is ready to ship hundreds of Tesla's. The video was captured by Tesla watcher Wu Wa, who sent a drone ... ( read original story ...)
Stock market today: Asian markets track Wall Street’s decline, eroding last year’s gains
Asian shares dropped Wednesday after Wall Street started 2024 with a slump, giving back some of its powerful gains from last year. U.S. futures were lower and oil prices were little changed. Prices of ... ( read original story ...)
Indonesian Billionaire Sukanto Tanoto’s Pacific Eagle Buys Wanda’s Shanghai Luxury Hotel
Pacific Eagle Real Estate has bought a Shanghai luxury hotel from cash-strapped Chinese developer Dalian Wanda Group as the Singapore-based family office expands its property investments. ( read original story ...)
Shanghai govt official visits China’s Stemirna amid financing woes
A senior Shanghai government official has visited Chinese COVID-19 vaccine developer Stemirna Therapeutics, the company said in a social media post on Wednesday, as it grapples with tight funding. ( read original story ...)