Shein has hired three US-based financial companies – Goldman Sachs, JPMorgan Chase, and Morgan Stanley – as underwriters for the upcoming IPO. Famous Chinese online fashion company Shein has filed to go for an IPO in the United States as part of its efforts to expand its footprint in one …
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The ripple effect of the Chinese market plunge has extended to other major Asian markets, with Japan’s Nikkei 225 and South Korea’s Kospi also experiencing declines. China’s stock market has hit a significant low not seen since the pre-pandemic era, rattling investors as the country grapples with various economic challenges …
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The second quarter of 2023 marked the fourth consecutive quarter of declines in deal value, highlighting the prolonged nature of the downturn. The Chinese startup ecosystem, once a hotbed for innovation and home to tech giants like ByteDance and Didi Chuxing Technology Co Ltd, has recorded a slower growth rate …
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News headlines have recently covered how China’s struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be structural problems. For instance, …
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The decline in handset sales, a challenge faced not only by Xiaomi but also by other smartphone manufacturers, has pushed the company to explore new avenues for growth. Xiaomi Corp (HKG: 1810), one of China’s leading technology giants has reported a 4% drop in revenue for the second quarter, reflecting …
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Following acceptance by the CSRC, Fourth Paradigm should proceed with launching its IPO in the Hong Kong market. Chinese artificial intelligence (AI) company Fourth Paradigm Technology has completed the process required for an initial public offering (IPO) in Hong Kong. The company has now received a regulatory green light from …
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When the Chinese Exclusion Act came into effect in 1923, it didn’t just effectively halt Chinese immigration to Canada — it extinguished the family lines of thousands of labourers already here. Many were condemned to bachelorhood or cut off from loved ones in China, said Catherine Clement, curator of the …
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Kwon’s denial comes as a response to the accusations linking him to the forged travel documentation and alleged financial ties with Milojko Spajić. The Terra founder asserts that these claims are baseless, denying personal involvement. Terraform Labs co-founder and CEO Do Kwon has reportedly denied allegations of passport forgery, shifting …
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The 25th Shanghai International Film Festival has given the world a fresh insight into the trends and the talents that are emerging in the Chinese film industry as it gets fully back to business after three years of pandemic-enforced restrictions on access. Organizers have reported mostly sold-out screenings as China’s …
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Tether, one of the largest stablecoin providers, has recently issued a comprehensive rebuttal to address growing concerns surrounding the inclusion of securities issued by Chinese companies in the reserves of USDT. In response to reports published by mainstream media outlets, including Bloomberg, the company has sought to clarify its stance …
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Veteran Chinese director Peter Chan Ho-sun is busy as ever these days. Behind the scenes, Chan is laying the foundations of the new production company Changin’ Pictures, which he formally announced towards the end of last year. In public, the director is one of the most prominent cheerleaders of Chinese cinema, …
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Worldcoin, co-created by OpenAI’s Sam Altman, finds itself at the center of a controversy. Recent reports from a Chinese news site revealed that individuals in China, unable to directly participate in the forthcoming Worldcoin token distribution, are resorting to unconventional means. Taking advantage of the world’s interconnectedness, these individuals are …
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