BRIEF: Taobao launches $7 billion subsidy in instant retail wars
E-commerce giant Alibaba (BABA.US; 9988.HK) announced on Wednesday that its Taobao Flash Sale instant retail platform has launched a 50 billion yuan ($6.97 billion) subsidy program that will run for…
BRIEF: Shein makes confidential filing for Hong Kong IPO
Fast fashion sensation Shein was planning to confidentially file a draft prospectus for a listing on the Hong Kong Stock Exchange by this week, after its earlier bids to list…
BRIEF: Kanzhun to raise up to $288 million via new share sale
Boss Zhipin recruitment platform operator Kanzhun Ltd. (2076.HK; BZ.US) announced on Tuesday that it plans to sell up to 30 million new class A ordinary shares for a maximum of…
BRIEF: S.F. Holding’s revenue rises in May on shopping festival boost
Parcel delivery company S.F. Holding Co. Ltd. (6936.HK; 002352.SZ) said on Thursday its revenue rose 11.3% in May year-on-year to 25.1 billion yuan ($3.5 billion), as a 31.8% jump in…
BRIEF: Agricultural goods trader Yimutian files for Nasdaq IPO
Yimutian Inc. has filed to list on the Nasdaq, billing itself as China’s largest B2B platform for trading in agricultural products. The company didn’t disclose any fundraising targets in its…
BRIEF: Synagistics eyes major Chinese SaaS acquisition
Southeast Asian e-commerce company Synagistics Ltd. (2562.HK) announced on Monday that it has agreed to acquire 80% or more of a major Chinese software as a service (SaaS) platform, with…
BRIEF: Shein abandons London listing plan, heads to Hong Kong
Online fast fashion retailer Shein has abandoned plans for a London IPO after failing to get approval from China’s securities regulator, Reuters reported on Wednesday, citing sources familiar with the…
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