This is the second emergency loan for the same amount approved by the NDB to help China fight the pandemic. The previous 7 billion yuan loan was paid in 2020. ( read original story ...)
Chairman of Alibaba’s Ant Group insists IPO is still on the cards
Chinese officials cited antitrust issues when they halted Ant Group’s IPO last year days before the planned $37 billion listing in Hong Kong and Shanghai. ( read original story ...)
Amazon Of South Korea Looks To Raise Profile And Up To $3.6 Billion In U.S. IPO
At $3.6 billion, Coupang’s IPO would be the largest U.S. listing by a foreign company ... Besides South Korea, Coupang has offices in Beijing, Shanghai, Los Angeles, Seattle and Singapore. Coupang has ... ( read original story ...)
Ant Group says it will help employees monetize shares and commits to listing after canceled IPO
Eric Jing, executive chairman of Ant Group, said the company will find a "short-term liquidity solution" for employees and committed to an IPO. ( read original story ...)
Ant Group tells staff it hopes to resume IPO, as Beijing finalises new rules for digital lenders
Ant Group has told employees that it was hopeful of eventually resuming its initial public offering (IPO), and that before this materialises it was working on a plan to provide a solution for staff ... ( read original story ...)
BRICS bank loans China billions for post-epidemic recovery
SHANGHAI, March 2 (Xinhua) -- The BRICS New Development Bank (NDB) announced Tuesday that it approved 7 billion yuan (about 1.08 billion U.S. dollars) of emergency assistance program loans to support ... ( read original story ...)
Any fintech firms should meet regulatory capital adequacy requirement within 2 years: China banking regulator
Guo Shuqing, chairman of China Banking and Insurance Regulatory Commission (CBRIC ... Earlier, the dual IPOs of Ant Group of Alibaba was suspended by Shanghai and Hong Kong stock exchanges on November ... ( read original story ...)