Posts Tagged ‘initial public offering’

No News Is Good News For Netease In China

netease-news“Panem et Circenses” (bread and circuses) was used in ancient Rome to curtail revolts and appease the citizenry. In today’s …


Ant Financial Aims To Become Giant With USD3.1 Billion Infusion

antAnt Financial, the Internet financial affiliate of Alibaba Group, plans to raise CNY20 billion, which is about USD3.1 billion, in …


Chinese Internet Loan Platform Eyes IPO In U.S.

Chinese P2P loan company China Rapid Finance plans to launch an initial public offering in America in the first half of 2016, and the company aims to raise up to USD200 million. According to reports in foreign media, Morgan Stanley, Citibank, and Jefferies are handling the deal and China Rapid Finance may choose to be […]


Facebook Hits The Same Wall As Apple In China

The leaders of Facebook and Apple were in China this past week on separate missions with the same goal: gain better transparency and more access to the Chinese market. Facebook’s Mark Zuckerberg was in Beijing for an event at a local university, and Apple’s Tim Cook met with Chinese Vice Premier Ma Kai to review […]


Deciphering Alibaba CEO’s Letter To Investors

China’s Alibaba starts selling stakes in its Cayman Island company Alibaba Group Holding Limited today in the United States. In a “Letter From Jack Ma” which was filed last Friday with the Securities and Exchange Commission, Ma “Jack” Yun outlines expectations, caveats, and hopes for armchair investors in his extended family of Chinese e-commerce businesses. […]


Chinese Internet Security Firm Hires Former Government Spokesperson

Showcasing perhaps the closeness between Chinese technology firms and the Chinese government’s upper echelons, Qihoo 360 has hired a former top Chinese official as a vice president. The Chinese Internet security company confirmed to local media that Chen Xitong, former spokesperson for the General Administration of Quality Supervision, Inspection and Quarantine of China, has resigned […]


Xunlei Partners With China Construction Bank For Pre-IPO Financing

Chinese Internet company Xunlei has formed a strategic partnership with China Construction Bank’s Shenzhen branch to gain a CNY10 billion loan and a customized capital management program for Xunlei over the next three years. Luo Lan, vice president of Xunlei, said that the cooperation aims to provide financial security for Xunlei’s rapid expansion, enhance the […]


LightInTheBox Says Allegations Of Violations Are Without Merit

Beijing-based e-commerce firm LightInTheBox Holding Company Ltd. is facing a possible securities class action lawsuit against it and some of its senior officers. Law firm Robbins Geller Rudman & Dowd LLP says that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of […]


China’s Tudou.com Readies IPO After Settling Executive’s Marital Lawsuit

Chinese online video website Tudou.com has updated its filings with the U.S. Securities and Exchange Commission for a planned initial public offering this week. The company’s IPO plans to generate around USD145 million were re-invigorated a few weeks ago after a lawsuit between Chairman and CEO Gary Wang and his ex-wife was settled in a […]


China’s Tudou.com Reinvigorates IPO Plans As CEO Settles Marital Dispute

Amid a thunderous drop in Chinese companies’ market capitalization in recent weeks, Tudou.com has filed an amendment to its filing for an initial public offering in the United States to raise money for its online video operations in China. In filings issued hours ago, Tudou Holdings Limited says a lawsuit between Chairman and CEO Gary […]