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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Transwarp launches $109 million IPO

AI infrastructure software provider Transwarp Technology (Shanghai) Co. Ltd. (6727.HK) launched its public offering on Friday, aiming to sell about 14 million shares for HK$49 to HK$61 apiece. The listing…