By Doug Young & Rene Vanguestaine

China builds a low Earth orbit satellite constellation to rival Elon Musk’s Star Link. And Evergrande faces a potential “Lehman moment” as it fails to negotiate new terms for its massive debt with key creditors ahead of a key court date.

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China Inc by Bamboo Works discusses the latest developments on Chinese companies listed in Hong Kong and the United States to drive informed decision-making for investors and others interested in this dynamic group of companies.

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BRIEF: Liuliumei launches $64 million Hong Kong IPO

Plum-based snack producer Liuliumei Co. Ltd. (6658.HK) launched its Hong Kong IPO on Friday, aiming to sells 11.46 million shares for HK$43.58 apiece to raise about HK$500 million ($64.1million). Subscriptions,…