Two Autonomous Driving IPOs, and Alibaba Sheds a ‘New Retail’ Asset
Horizon Robotics and WeRide have raised more than $1 billion combined in their IPOs in Hong Kong and New York. And Alibaba looks to sell its RT-Mart hypermarket chain.
Retailing pioneer adds reinvented MDL Wholesale to IPO shopping list
The provider of wholesaling services for retailers has filed to list in Hong Kong, but its heavy reliance on parent company Wumart Group has left it with low gross margins…
Guoquan’s growth goes into simmer mode post-Covid
The home hotpot specialist, one of China’s leading ‘dine-at-home’ brands, has been approved for a Hong Kong IPO Key Takeaways: Guoquan Food returned to the black in the first four…
PODCAST: Ant Group and Tencent slapped with fines, and Freshippo steps up for IPO
China’s central bank has slapped major fines on Ant Group and Tencent, including a nearly $1 billion fine on Ant, operator of Alipay. Is this the start of a new round of big fines on China’s big tech? Or does it mark the end of a recent storm of regulation that began after outspoken Alibaba founder Jack Ma criticized the government?
CHINA BULLETIN: Janet Yellen’s Awkward Beijing Visit
In this week’s issue Janet Yellen’s awkward trip to Beijing, China’s new export restrictions, and Tesla’s China layoffs. On a scale of 1 to 100, we give the week a 35 for offshore-listed China stocks.
Freshippo tries to rock the stodgy supermarket cart with youthful customers, growth story
The Alibaba-backed chain’s announcement of 12 new store openings kicks off a publicity drive in the run-up to an IPO by the end of 2023 Key Takeaways: Freshippo’s announcement of…
PODCAST: Australian timber returns to China, and Alibaba’s break-up marches on
China has resumed imports of Australian timber as relations between the two countries continue to thaw after a period of deep freeze. And Alibaba announces plans to spin off its cloud unit and make IPOs for its Freshippo supermarket and Cainiao logistics businesses.
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