Tag: ipo

Tech

China plans to ban companies with a lot of data to list in the USA

Breaking news reported by WSJ and First Squawk: China plans to ban companies with a lot of data to list in the US CHINA PLANS TO PRO­POSE NEW RULES THAT WOULD BAN COM­PA­NIES WITH LARGE AMOUNTS OF SEN­SI­TIVE CON­SUMER DATA FROM GO­ING PUB­LIC IN THE U.S.— First Squawk (@FirstSquawk) August 27, 2021 If you are interested in investing in Chinese Stocks such as Alibaba make sure you watch this Video. Alibaba should not be affected by these new potential changes. This should only affect new upcoming IPOs of Chinese Tech firms. We will keep you posted about further developments
China plans to exempt Hong Kong IPOS from Cybersecurity reviews
Business

China plans to exempt Hong Kong IPOS from Cybersecurity reviews

Bloomberg just reported that China plans to exempt Hong Kong IPOS from Cybersecurity reviews. It seem to be that China is interested in getting more domestic IPOs. This comes right after the crackdown on DIDI and other US Listed Tech companies. I personally do not expect many IPOs for Chinese companies on US exchanges in the future. We will keep you updated about further developments this was just reported on Jul 16 noon Beijing time.
Chinese e-commerce platform Meicai to postpone US IPO plan
Ecommerce, Retail

Chinese e-commerce platform Meicai to postpone US IPO plan

As we all know there are a lot of regulatory issues at the moment with Chinese Companies. Meicai, an e-commerce platform that connects restaurants with suppliers of fresh produce, decided to postpone its plan for a US listing, according to people familiar with the situation. The move comes as Chinese regulators are investigation of Didi Chuxing and other internet companies’ data collection practices has rattled potential new companies that were planning to list in the USA. Beijing-based Meicai, which was valued at about US$6.4 billion after its last funding round in September 2018, has not yet publicly filed its draft prospectus, it made a confidential filing to the US regulator in May. The company will now withhold further filing and suspend marketing, the people said....
Shares of Chinese EV Maker Xpeng close flat in Hong Kong debut
Business

Shares of Chinese EV Maker Xpeng close flat in Hong Kong debut

Shares of U.S.-listed electric vehicle maker Xpeng closed flat on Wednesday in their Hong Kong debut. Xpeng issued 85 million Class A ordinary shares at a price of 165 Hong Kong dollars each. Those shares opened at 168 Hong Kong dollars, a 1.8% rise. Shortly after trading turned negative and the shares ended the day flat at 165 Hong Kong dollars. The electric carmaker is already listed in the U.S. Usually. Chinese companies listed on Wall Street will do what’s known as a secondary listing, usually in Hong Kong. This is where a company which is already listed on one exchang goes on to sell shares on another. xpeng suv But Xpeng’s share offering is a dual-primary listing. That means it will be subject to the rules and oversight of both U.S. and Hong Kong regulators. This isn’t t...