Topic
TOPIC
- Baidu could sell up to 9 per cent of its share capital, raising at least US$3.5 billion, based on a market value of almost US$70 billion
- More banks could be added and details of the offering including timing and size are subject to change, according to people familiar with the matter
NetEase is ending service for its personal financial management app Youqian in April in a continued retreat from finance-related services as the industry faces increased regulatory scrutiny in China.
NetEase is ending service for its personal financial management app Youqian in April in a continued retreat from finance-related services as the industry faces increased regulatory scrutiny in China.
China’s video games watchdog has announced a new age-based rating system developed with Tencent, NetEase and 52 other organisations amid increasing gaming restrictions for minors.
China’s video games watchdog has announced a new age-based rating system developed with Tencent, NetEase and 52 other organisations amid increasing gaming restrictions for minors.
Hong Kong stock exchange will finish 2020 as the second-biggest IPO market globally after raising US$50 billion, KPMG says.
Hong Kong stock exchange will finish 2020 as the second-biggest IPO market globally after raising US$50 billion, KPMG says.
In a screenshot widely shared online, Zhang Yiming asks if his workers are spending too much time discussing Genshin Impact during working hours as the company seeks to expand in gaming.
In a screenshot widely shared online, Zhang Yiming asks if his workers are spending too much time discussing Genshin Impact during working hours as the company seeks to expand in gaming.
The limited launch of League of Legends: Wild Rift caused a surge of interest in game boosters, leading to friction between Chinese and overseas gamers.
The limited launch of League of Legends: Wild Rift caused a surge of interest in game boosters, leading to friction between Chinese and overseas gamers.
Many Chinese companies will continue with their plans to list in the US and retain the option of raising capital in Hong Kong or mainland China under IPO reforms.
Many Chinese companies will continue with their plans to list in the US and retain the option of raising capital in Hong Kong or mainland China under IPO reforms.
Apps from the likes of Alibaba, Tencent, Baidu, ByteDance, Xiaomi and NetEase were found to have weak personal data protection.
Apps from the likes of Alibaba, Tencent, Baidu, ByteDance, Xiaomi and NetEase were found to have weak personal data protection.
In a social manifesto, NetEase Yanxuan declares that it opposes ‘complicated discount gimmicks’ that some shoppers say they find difficult to follow during overwhelming numbers of deals on the planet’s biggest shopping day.
In a social manifesto, NetEase Yanxuan declares that it opposes ‘complicated discount gimmicks’ that some shoppers say they find difficult to follow during overwhelming numbers of deals on the planet’s biggest shopping day.
Ant’s IPO will push Shanghai’s fledgling Star Market into third place globally in terms of new offerings and secondary listings this year, on par with the 228-year-old New York Stock Exchange.
Ant’s IPO will push Shanghai’s fledgling Star Market into third place globally in terms of new offerings and secondary listings this year, on par with the 228-year-old New York Stock Exchange.
New Oriental is selling 8.51 million shares in its offering, and has set a maximum price of HK$1,399 for the retail tranche of the deal.
New Oriental is selling 8.51 million shares in its offering, and has set a maximum price of HK$1,399 for the retail tranche of the deal.
NetEase repurposed a scene from its hit MMORPG Justice so AI scientists could meet and share their research after Covid-19 spoiled the real-world event.
NetEase repurposed a scene from its hit MMORPG Justice so AI scientists could meet and share their research after Covid-19 spoiled the real-world event.
Chinese data centre service provider is joining a bandwagon of US-listed companies to raise funds in Hong Kong, where hot money inflows have helped fuel a rally for three weeks.
Chinese data centre service provider is joining a bandwagon of US-listed companies to raise funds in Hong Kong, where hot money inflows have helped fuel a rally for three weeks.
By increasing its stake, Tencent would seek to diversify from gaming and China, where it has been busy with deals this year.
By increasing its stake, Tencent would seek to diversify from gaming and China, where it has been busy with deals this year.
Mainland China minted 36 new billionaires in the first seven months this year despite the pandemic, according to UBS and PwC report. Their combined wealth almost equals Russia’s gross domestic product, the world’s 11th largest economy.
Mainland China minted 36 new billionaires in the first seven months this year despite the pandemic, according to UBS and PwC report. Their combined wealth almost equals Russia’s gross domestic product, the world’s 11th largest economy.
HKMA forced to intervene to weaken currency 15 times in September as hot money chases hot Chinese IPOs, secondary listings in the city.
HKMA forced to intervene to weaken currency 15 times in September as hot money chases hot Chinese IPOs, secondary listings in the city.
ZTO Express (Cayman), which raised HK$9.81 billion (US$1.27 billion) from the sale of 45 million shares at HK$218 each, rose 9.2 per cent on debut.
ZTO Express (Cayman), which raised HK$9.81 billion (US$1.27 billion) from the sale of 45 million shares at HK$218 each, rose 9.2 per cent on debut.
Delivery firm ZTO Express (Cayman) said on Wednesday it expects to raise up to HK$12.1 billion in a secondary listing in Hong Kong this month, becoming the latest in a flurry of US-listed Chinese companies seeking to raise funds in the city as tensions mount between Washington and Beijing.
Delivery firm ZTO Express (Cayman) said on Wednesday it expects to raise up to HK$12.1 billion in a secondary listing in Hong Kong this month, becoming the latest in a flurry of US-listed Chinese companies seeking to raise funds in the city as tensions mount between Washington and Beijing.
The passage of the national security law prompted some wealthy clients to move assets out of Hong Kong, but many firms and investors are betting on more mainland China wealth flowing into the city in future, panellists said.
The passage of the national security law prompted some wealthy clients to move assets out of Hong Kong, but many firms and investors are betting on more mainland China wealth flowing into the city in future, panellists said.
A virtual boyfriend dating sim kicked off a wave of games in China designed specifically for female gamers.
A virtual boyfriend dating sim kicked off a wave of games in China designed specifically for female gamers.
Yum China, the operator of KFC, Pizza Hut and Taco Bell in mainland China, is the latest US-listed firm to raise capital in Hong Kong.
Yum China, the operator of KFC, Pizza Hut and Taco Bell in mainland China, is the latest US-listed firm to raise capital in Hong Kong.
The secondary listing of Yum China, the operator of KFC, Pizza Hut and Taco Bell, could come as soon as September, a source says.
The secondary listing of Yum China, the operator of KFC, Pizza Hut and Taco Bell, could come as soon as September, a source says.
Chinese online entertainment platform Bilibili beat larger rivals Tencent and NetEase to obtain the domestic publishing rights for the new global hit battle royale game.
Chinese online entertainment platform Bilibili beat larger rivals Tencent and NetEase to obtain the domestic publishing rights for the new global hit battle royale game.
Of rated Chinese firms with primary US listings, only one faces potential default triggers, according to S&P.
Of rated Chinese firms with primary US listings, only one faces potential default triggers, according to S&P.
Tencent-backed online brokerage Futu raises US$313.5 million for building its margin financing business as retail traders scramble for IPOs.
Tencent-backed online brokerage Futu raises US$313.5 million for building its margin financing business as retail traders scramble for IPOs.
23 ETFs with US$20 billion tracking the Hang Seng Index will be able to invest in the tech behemoths with weighted voting rights or secondary listings, strengthening Hong Kong as a tech listing hub.
23 ETFs with US$20 billion tracking the Hang Seng Index will be able to invest in the tech behemoths with weighted voting rights or secondary listings, strengthening Hong Kong as a tech listing hub.
Pokémon Go was banned in China just months after the game launched in 2016.
Pokémon Go was banned in China just months after the game launched in 2016.
Shares of China’s biggest real estate transaction platform almost doubled on their New York Stock Exchange debut after a solid reception to the biggest Chinese company IPO in the US since March 2018.
Shares of China’s biggest real estate transaction platform almost doubled on their New York Stock Exchange debut after a solid reception to the biggest Chinese company IPO in the US since March 2018.
Universal Music Group, the world’s biggest music company, has agreed to license tunes to both Tencent Music Entertainment Group and close rival NetEase.
Universal Music Group, the world’s biggest music company, has agreed to license tunes to both Tencent Music Entertainment Group and close rival NetEase.
NetEase said it will take measures to regulate comments posted on its music streaming platform after receiving criticism that the app had become too ‘depressing’
NetEase said it will take measures to regulate comments posted on its music streaming platform after receiving criticism that the app had become too ‘depressing’