Last year, Ant's valuation was touted at $315 billion for its IPO, which was pulled just before its November listing in Shanghai and Hong Kong. Even before news of the revamp, sources told Reuters ... ( read original story ...)
Leshi, once hailed as ‘China’s Netflix’, and founder Jia Yueting hit with fines worth US$73.6 million in China for financial fraud
Fines come after Jia’s EV start-up FF, which has merged with a blank-cheque company, attempts to raise money in US The China Securities Regulatory Commission (CSRC) had fined the company 240.6 million ... ( read original story ...)
First-quarter IPOs confirm vibrant market sentiment
There were 100 IPOs on China's A-share market in the first three months, up 96 percent year-on-year, which raised 76.1 billion yuan ($11.6 billion), down 3 percent year-on-year. Among them, 57 ... ( read original story ...)
Dior Shows Pre-Fall Collection in Shanghai
The sparse concrete interior of Shanghai’s Long Museum was transformed into an unlikely disco scene for the 1,000 guests invited to see Dior’s Pre-Fall 2021 collection last night. The occasion marked ... ( read original story ...)
Swiss watch expo switches to Shanghai after virtual debut
Geneva's international expo of fine watches switches to Shanghai on Wednesday for a physical version after staging an online edition to keep the prestigious fair going during the pandemic. The Salon ... ( read original story ...)
China Stock Market May Take Further Damage On Tuesday
(RTTNews) - The China stock market has moved lower in back-to-back trading days, sinking almost 70 points or 2 percent along the way. The Shanghai Composite Index now rests just above the 3,410-point ... ( read original story ...)
88 tech startups ditch China IPOs in 2021 as headwinds mount
The impact is especially pronounced on the Shanghai Stock Exchange's STAR market, where 88 companies, including some of China's most promising unicorns, have suspended or canceled planned initial ... ( read original story ...)