The Bamboo Works - Spark Newswire

5 minute read

Newly profitable Kanzhun Steps Aboard Hong Kong’s Dual Listing Train

Today, 8:48 PM

Key Takeaways: Having finally turned a profit, Kanzhun has filed for a dual primary listing on the Hong Kong Stock Exchange to insure against its shares being pulled from New York

BABA

5 minute read

Domino’s China Operator Makes Second Toss at Hong Kong IPO

By The Bamboo Works

Today, 8:48 PM

Key Takeaways: DPC Dash, operator of the Domino’s pizza chain in China, has filed an updated prospectus to list its shares in Hong Kong The company differs from larger rival Pizza Hut in China due to its bigger focus on delivery, and also due to its earlier stage of development By Doug Young

DPZ

5 minute read

Daqo Lines Up Big New Buyer Ahead of Massive Expansion

By The Bamboo Works

Today, 8:48 PM

Key Takeaways: Daqo New Energy has signed an agreement to sell 150,300 metric tons of polysilicon to a Chinese polysilicon wafer maker producer over the next five years Daqo and its global peers are currently adding major new capacity that will start to come onstream next year By Doug Young

5 minute read

Brighter Times Could Beckon for JD.com after Stormy Spell

By The Bamboo Works

Today, 8:48 PM

Key Takeaways: Key factors in a JD share-price rally would be the results of a U.S. regulatory review of Chinese stocks and the expected launch next year of a scheme to promote dual-currency share trading in Hong Kong A settlement in a sexual assault case against company founder Richard Liu has also removed a shadow over the share price

BABA

5 minute read

Big-Name Banks Test Out Climate for Chinese U.S. Listings with Atour Application

By The Bamboo Works

Today, 8:48 PM

Key Takeaways: Atour could become the biggest U.S. IPO by a Chinese firm in more than a year with its latest listing application to raise more than $300 million

HTHT

5 minute read

Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits

By The Bamboo Works

Today, 8:48 PM

Key Takeaways: Cross-border e-commerce company Zibuyu has filed for a Hong Kong IPO, but could be undermined by its heavy reliance on Amazon and the U.S. market The company’s first-half profit plunged 46% as its merchandise return rates and costs both rose sharply By Stone Shek

AMZN

5 minute read

Falling IPO Star: Hong Kong Tipped to Lose Top-Three Ranking Again

By The Bamboo Works

Today, 8:48 PM

Key Takeaways: As of the third quarter of this year, the world’s top three IPO capital raisers were the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Korea Exchange, with Hong Kong lagging in fourth place

MNSO

5 minute read

Asia Innovations SPAC Listing: Based in Singapore, But Made in China

By The Bamboo Works

Today, 8:48 PM

Key Takeaways: Developing markets social media company Asia Innovations is planning a U.S. SPAC listing that could provide it with up to $350 million in new funds Company could represent a new generation of founding teams with Chinese roots setting up internet companies in Singapore to avoid stricter Chinese regulations

GOOG

5 minute read

Uncategorized

Nio Enters Race for Lithium with Australian Investment

By The Bamboo Works

Today, 8:48 PM

Key Takeaways: Nio Inc. will pay $7.7 million for 12% of Australian miner Greenwing Resources, which holds the rights for the San Jorge Lithium Project in Argentina Nio is the latest electric vehicle maker to purchase lithium assets, following similar moves by domestic rival BYD and global names like Tesla and General Motors

4 minute read

Trip.com Gets Boost From Reopening Global Borders

By The Bamboo Works

Today, 8:48 PM

Key Takeaways: Strongly recovering business in the U.S. and Europe helped Trip.com return to the black with a 69 million yuan profit in the second quarter The company said outbound bookings from Hong Kong jumped nearly four times last week from the previous week as the city prepared to end its quarantine requirement By Ken Lo

BKNG