China solar association says Xinjiang forced labour claims unfounded
Claims that Chinese solar firms are benefiting from forced labour in Xinjiang are unfounded and unfairly stigmatise firms with operations there, the country’s solar association said.
After $4.4 bln New York IPO, founders of China’s Didi eye global growth
From working at a foot massage company to setting up China’s biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc (DIDI.N) public in a $4.4-billion New York float.
EXCLUSIVE ChemChina seeking $10 bln in Syngenta IPO, likely world’s biggest float of 2021
ChemChina is aiming to raise around $10 billion from a Shanghai IPO for Swiss agrichemical giant Syngenta Group, in what is set to be the world’s largest flotation this year, sources with direct knowledge of the matter told Reuters.
HK tycoon Jimmy Lai’s Next Digital to stop operating from July 1 -memo
Hong Kong media group Next Digital (0282.HK), owned by jailed tycoon Jimmy Lai, will cease operating from July 1 after the company’s assets were frozen as part of a national security investigation, according to an internal memo seen by Reuters.
Chinese EV Maker Xpeng to raise $1.8 bln in Hong Kong listing
Chinese smart electric vehicle maker Xpeng Inc said it would raise $1.8 billion to expand its product line-up and develop its technology, by pricing its shares on Wednesday at HK$165 ($21.25) each in a Hong Kong dual primary listing.
Asian shares pressured by fears over Delta virus variant, U.S. data in focus
Asian shares edged lower on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy.
S&P Global cuts India’s growth forecasts, trims EM overall
S&P Global cut its growth forecasts for some of Asia’s top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America.
Bitcoin shrugs off UK crackdown on major crypto exchange Binance
Bitcoin on Monday shrugged off a move by Britain’s financial watchdog to target the major Binance exchange, in the latest sign of regulatory pressure on the emerging cryptocurrency sector.
Didi’s $4 bln IPO order books to close Monday – sources
China’s biggest ride-sharing firm Didi Global Inc will close the investor order books for its U.S. initial public offering (IPO) to raise up to $4 billion one day early on Monday, two people with direct knowledge of the matter said.
Analysis: Chinese flock to home-grown brands in golden opportunity for investors
He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba’s (9988.HK) Taobao online mall.
