PingWest7 hours agoWhy Chinese IPOs skyrocketed in first half as global markets declined？ - PingWestPingWest - Rebbeca RenWhile the global initial public offerings (IPOs) markets slowed in the first half owing to geopolitical and economic uncertainties, mainland China saw a surge in the number of IPOs. According to statistics from Dealogic, the total amount raised via IPOs in mainland China this year has reached …
PingWest22 hours agoAnt Group, Tencent vow to stop NFTs secondary trading - PingWestPingWestChinese tech giants including Tencent and Ant Group on Thursday have signed agreements to stop secondary trading of digital collectibles and "self-regulate" their activities in the market. According to the Shanghai Securities News, 30 firms and institutes have committed to the "Digital Collectible …
PingWest1 day agoChinese AI giant SenseTime shares plunge as lock-up expires - PingWestPingWestSenseTime saw its shares plummet as much as 51% on Thursday after a crucial lock-up period ended. The company's early and cornerstone investors, who together own 73% of the company's share capital, are now allowed to sell shares since the lock-up period expired on Wednesday. To ease the pressure on …
PingWest1 day agoJD extends partnership with Tencent after issuing shares $220 million worth of shares - PingWestPingWest - Aron ChenJD.com, China’s second largest e-commerce company, has extended its partnership with Tencent Holdings for three more years, enabling both companies maintain competitive advantages in the respective fields. Under the agreement, JD will issue shares worth $220 million to Tencent over a three-year …
PingWest1 day agoEV maker NIO's shares slumped, calls Grizzly Research’s allegations “without merit” - PingWestPingWest - Zijing FuOn Tuesday, a report by Grizzly Research accused Chinese EV maker NIO of “playing Valeant-esque Accounting Games” and “juiced its numbers by pulling forward 7 years of revenue”. Subsequently, NIO shares in Kong Kong fell about 11.4% on Wednesday, the biggest fall in almost two months. NIO’s shares …
PingWest1 day agoGeely-backed electric vehicle maker Polestar Debuts on Nasdaq via SPAC merger - PingWestPingWestGeely-backed electric vehicle maker Polestar made their public-market debut on Nasdaq exchange, one day it completed its merger with the SPAC Gores Guggenheim on Thursday. The special purpose acquisition company (SPAC) merger enables the company to finance $890 million. Polestar CEO Thomas Ingenlath …
