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One of the most popular Internet start-ups in China Meituan Dianping expects that during the initial public offering in Hong Kong this week the company will be valued at about $55 billion, finversia.ru wrote with reference to the message of Dow Jones. Among the main investors of the company offering Internet services are the Chinese technology giant Tencent Holdings. Chinese Meituan sells coupons, provides online reviews, restaurant ratings, offers online food ordering services and hotel reservations, and also sells movie tickets. According to sources, Meituan intends to raise 4.5 billion dollars during the IPO. According to them, the number of so-called anchor investors will include large world and Chinese asset management companies that will acquire about a third of the volume of the placement of shares.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Gold prices rose earlier on Monday in Asia, reaching its highest since May as fears of a second wave of COVID-19 cases continued to dampen hopes of a quick economic recovery. The World Health Organization on Sunday reported a record 180,020 ...
Hongkong’s flag carrier Cathay Pacific Airways Ltd. (0293.HK) stated on Wednesday that it would repay the Hong Kong government the almost $2.52 billion worth of preference shares over a three to five-year period. On Tuesday, the Hong ...
Oil prices dropped on Wednesday as investors worried about fuel demand’s slow recovery, while U.S.-China tensions weighed in on the negative market mood. Brent crude futures lost 0.6%, or 21 cents, at $35.96 per barrel. U.S. West Texas ...
Hong Kong shares fell on Friday as Beijing readies to impose a new security law after the pro-democracy protests in 2019. The decision could bring about more civil unrest, further building tensions between the U.S. and China. Hong Kong’s ...
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