Hong Kong

Platform News: Ant Group and the FinTech sector in China

Some investors lukewarm on China’s Ant Group if revived after revamp

China’s regulatory-imposed revamp of Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to ...

China IPO's

Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scruti...

Didi V2X

Didi Chuxing picks Goldman and Morgan Stanley for its US IPO

China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans to file confidentially for the New York float t...

Platform News: Facebook on a smartphone

Facebook, Google plan new undersea cables between Southeast Asia and America

Facebook has said it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost in...

Platform Industry: US and China Relations and Politics

US to look at further restrictions on tech exports to China

The Biden admin will look at adding “new targeted restrictions” on certain sensitive technology exports to China in cooperation with allies, a senior official has said ...

Platform News: Clubhouse audio and social media app

Chinese users flock to US chat app Clubhouse to evade local censors

Invite-only audio app Clubhouse is attracting masses of new users from mainland China, where the US app remains uncensored by authorities despite flourishing discussions on rights,...

Xiaomi

Xiaomi seeking up to $4 billion in equity deals

Chinese smartphone maker Xiaomi Corp is aiming to increase up to $4 billion in an equity and convertible bond agreement launched in Hong Kong on Tuesday, as reported by a term shee...

Platform News: Ant Group and Alipay

Ant Group IPO sees record $3 trillion in retail demand

Retail investors put bids for a record $3 trillion of stocks in Ant Group’s  initial public offering (IPO), place to be the world’s biggest, as mom-and-pop Realtors sta...

Platform News: Ant Group and Alipay

Ant Group to close Hong Kong institutional book early amid ‘overwhelming’ demand for IPO

Ant Group will close institutional order publications of the Hong Kong part of its record-setting double IPO ahead of schedule as a result of strong demand, sources with direct kno...

Platform News: Ant Group and Alipay

Jack Ma: Ant Group IPO pricing “history’s largest”

The colossal dual listing for Chinese FinTech Ant Group will be the world’s largest, according to a pricing determined late on Friday, Alibaba founder Jack Ma said over the w...

Platform News: Ant Financial

Ant’s record allocation in Shanghai IPO fuels small investor scramble

Chinese FinTech Ant Group’s move to earmark a record 80% of the Shanghai leg of its $35 billion dual-listing for strategic investors has resulted in a scramble among younger ...

Didi V2X

Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation

China’s leading ride-hailing business Didi Chuxing is considering Hong Kong to get a multibillion-dollar first public offering next year, falling previous aims to list in New...

Platform News: Ant Financial

US explores restrictions on Ant Group, Tencent payment platforms

The United States is considering limitations on China’s Ant Group as well as Tencent over concerns their digital payment platforms undermine national security, Bloomberg News...

Platform Industry: ByteDance China company building

ByteDance buys UIPay to leverage e-payment capabilities at home

ByteDance, the proprietor of popular short-video app TikTok, said it has obtained a Chinese third-party payment service UIPay in an attempt to leverage its national payment capabil...