Lakala eyes Hong Kong IPO as it hops on the going-global bandwagon
The payment services provider plans to use funds from its listing for overseas expansion to try to reverse its falling revenue and profits Key Takeaways: Shenzhen-listed Lakala has filed for…
BRIEF: Citibank leaves UnionPay amid retail business wind-down
Electronic transfer settlements company China UnionPay recently announced that it has terminated the membership of Citibank (China) Co. Ltd., confirming Citibank initiated the move as part of its withdrawal from…
CHINA BULLETIN: Six New BRICS
In this week’s issue six new BRICS, a booming summer box office and an EV swansong. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.
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