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Melco chairman Lawrence Ho-backed SPAC raises US$150 million on Nasdaq

Black Spade Capital, the family office of Macau casino operator Melco Resorts & Entertainment’s chairman Lawrence Ho Yau-lung, listed its…

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Temu owner PDD’s stock rout reflects ‘shaken investor confidence’, analysts say

A 28.5 per cent stock price plunge on Monday that wiped US$55 billion off the valuation of PDD Holdings, the…

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Tech

Robotaxi start-up WeRide delays US IPO days before Chinese approval expires

Chinese autonomous driving start-up WeRide has postponed its US initial public offering (IPO), citing the need for additional time to…

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Opinion | Quality should come before quantity for Hong Kong’s IPOs

Hong Kong has long stood as a beacon of financial prowess, with its stock exchange often leading the world in…

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Tech

Chinese autonomous-driving firm WeRide seeks up to US$440 million in US IPO, placement

A group of investors agreed to buy US$320.5 million worth of ordinary shares via private placements, the filing shows. Alliance…

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Tech

Autonomous driving unicorn WeRide files for US IPO amid expansion plans in China, overseas

WeRide – a Cayman Islands holding company whose operations are mainly conducted by Guangzhou Wenyuan Zhixing Technology and its subsidiaries…

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Tech

Stanley Ho’s youngest son Mario leads first listed Chinese company in the esports industry

NIP, which achieved a milestone as the first listed Chinese company in the esports industry, raised a total of US$20.25…

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Tech

China’s top live-streaming influencer Dong Yuhui departs East Buy to pursue own venture

The 31-year-old Dong, a former teacher who gained fame and wealth in China’s live-streaming e-commerce sector, left his employer because…

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New Business Jobs

Hong Kong IPO applications surge as many in China’s Silicon Valley keen -summit

Shenzhen, widely considered China’s Silicon Valley, is brimming with technology companies eager to list in Hong Kong, where a stock…

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Tech

CrowdStrike-Microsoft outage: Chinese cybersecurity firms take victory lap

Chinese cybersecurity companies are taking advantage of the massive Microsoft Windows outage that upended businesses and grounded flights around the…

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