The new factory has ramped up to significant production volumes, aiding the electric-car maker's growth story. ( read original story ...)
World’s biggest IPO shows power of mobile payments in China
Unlike Alibaba’s IPO in 2014, Ant Group is passing over Western stock markets at a time of U.S.-China conflict. It is aiming to raise more than $17 billion each in Hong Kong and Shanghai, with ... ( read original story ...)
Ant Group to raise $17.2 bln in Shanghai in China’s biggest IPO
Ant Group Co Ltd 688688.SS on Monday set the price tag for the Shanghai leg of its record-breaking dual-listing at 68.8 yuan ($10.27) per share, the Chinese fintech company said in a stock exchange ... ( read original story ...)
SAIC Volkswagen Kicks Off World’s First Pure MEB Plant for Electric Cars
A joint venture between Volkswagen and Shanghai's SAIC Motor has opened the world's first factory that solely uses the German partner's modular electric drive matrix platform to make electric vehicles ... ( read original story ...)
Ant’s Record IPO To Lift Jack Ma’s Fortune By $27 Bln, Mint 18 Billionaires
Ant Group’s world-record-beating IPO will lift the fortune of China Internet heavyweight Jack Ma by $27 billion and create at least 18 other billionaires, according to pricing announced by the company ... ( read original story ...)
China financial-tech giant shoots for record IPO
The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock t ... ( read original story ...)
The U.S.-China cold war is coming to financial markets
"This was the first time such a big listing ... was priced outside New York City," Ant Group founder Jack Ma said. ( read original story ...)