IPO

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China’s Megvii kick-starts IPO on Shanghai’s Star Market after Trump added facial recognition giant to entity list

China is nurturing local hi-tech companies to fulfil its ambitions of becoming the global leader in fields such as artificial…

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Tencent-backed app Kuaishou looks for more ways to monetise millions of users, trim losses after Hong Kong IPO gets go-head

Tencent-backed video-sharing app Kuaishou Technology said it was looking to expand its monetisation model and reverse losses, having won approval…

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Tech

TikTok owner ByteDance adjusts share option policy in favour of staff in tax, cash-in arrangements

ByteDance, the owner of popular short video app TikTok, is adjusting its policy on share options so that employees can…

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Kuaishou IPO: how newest millennial billionaires built the biggest rival to China’s TikTok

Kuaishou co-founders Su Hua and Cheng Yixiao are set to become two of China’s richest millennials following a US$5 billion…

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Lenovo’s shareholders give their overwhelming nod to company’s plan to sell Chinese depositary receipts in Shanghai’s Star Market

Lenovo’s shareholders have given their nod to an initial public offering of Chinese depositary receipts by the world’s largest personal…

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Tech

Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record

Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price…

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