Edition:
United Kingdom

Kane Wu

NetEase and JD.com set dates for $5 billion Hong Kong listings

22 May 2020

HONG KONG Chinese technology company NetEase plans to carry out a secondary listing on the Hong Kong Stock Exchange on June 11, which will be followed one week later by web retailer JD.com , four sources with direct knowledge of the matter said.

China healthcare investment booms on virus-related spending bets

15 May 2020

HONG KONG China's healthcare and biotech firms are capitalising on a surge of interest in the sector due to the coronavirus pandemic by raising a record $6.8 billion in fresh equity-linked transactions this year.

China unicorn creation falls to six-year low as investors play it safe

14 May 2020

HONG KONG China's rate of creating unicorns has dropped to a six-year low as venture capital funds shy away from early-stage funding while the economic impact of the coronavirus outbreak batters portfolio investments.

CORRECTED-China unicorn creation falls to six-year low as investors play it safe

14 May 2020

HONG KONG, May 14 China's rate of creating unicorns has dropped to a six-year low as venture capital funds shy away from early-stage funding while the economic impact of the coronavirus outbreak batters portfolio investments.

Sequoia-backed online grocer Dingdong valued at $2 bln in fundraising: sources

12 May 2020

BEIJING/HONG KONG Chinese online grocer Dingdong Maicai has raised $300 million in a new funding round that values it at $2 billion, two people familiar with the matter said, as coronavirus related restrictions drive demand for fresh food deliveries.

UPDATE 1-Sequoia-backed online grocer Dingdong valued at $2 bln in fundraising -sources

12 May 2020

* Demand spike flattened as China re-opens -analyst (Adds General Atlantic no comment)

China's Tesla wannabes risk running out of road in virus-stricken times

12 May 2020

HONG KONG/BEIJINGChallenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.

Sequoia-backed online grocer Dingdong raises $300 mln, valued at $2 bln -sources

12 May 2020

* Dingdong Maicai raises $300 million in fresh funding -sources

GLOBAL MARKETS-Stocks falter as anxiety grows over second coronavirus wave

12 May 2020

SYDNEY/HONG KONG, May 12 Asian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.

GLOBAL MARKETS-Stocks rise as more economies emerge from lockdown

11 May 2020

SYDNEY/HONG KONG, May 11 Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.

World News