Well-baked? Commercial Kitchen Appliance Maker Li Bang Eyes Nasdaq IPO
Key Takeaways
• Jiangsu-based Li Bang International has filed for a Nasdaq IPO to raise $25 million through the issue of 5 million shares
SolarMax Banks on Sunny Name to Draw Investors to Its IPO
Key Takeaways:
Solar power systems developer SolarMax is aiming to raise $30 million in a New York listing, but investors could balk at the company’s lack of diversity
The IPO marks the latest signal that Chinese listings could soon gain momentum in New York after a yearlong near-halt due to regulatory concerns in the U.S. and China
Didi Slapped With Hefty $1.2 Billion Fine. How Was the Amount Determined?
Key Takeaways:
China’s cybersecurity regulator imposed a big fine of $1.2 billion on Didi after closing a year-long investigation into the company, but how it arrived at the amount has raised concern in the market
TikTok, The Chinese Social Media Giant That Spent Record Sum On US Lobbying
TikTok parent ByteDance has doled over $2.1 million in the second quarter to lobby the U.S.. government. The spend represents a 130% increase…
DiDi Fined $1.2B In China: Is The Company Finally Out Of Rough Waters?
China has fined ride-hailing app DiDi Global Inc – ADR (OTC: DIDIY) $1.2 billion for violating its data security law, cyber security law and personal information protection law. The decision has brought to conclusion a year-long investigation into the firm.
Bernstein Upgrades Alibaba Citing Likeliness Of Ant IPO Soon, Improved GMV Share
Bernstein analyst Robin Zhu upgraded the rating on Alibaba Group Holding Limited (NYSE:BABA) to Outperform from Market Perform and raised the price target…
Covid Regulations, China’s Crackdown On Alibaba And Others Are Taking Toll On Its Tech Workers – Read How
Chinese tech workers are facing a tough time landing a job that is coming after a significant pay cut, the Financial Times reports.