Category: Shanghai News

Ant Group: China’s fintech flyer grounded by regulators

Set for a record-busting $34 billion IPO in Hong Kong and Shanghai, Ant Group has had its wings summarily clipped by Chinese regulators. Backed by Jack Ma, China’s richest man who founded the Alibaba ……


Third CIIE to kick off in Shanghai

Six exhibits featured at major trading emporium to draw attention from around globe The third China International Import Expo will … six exhibits to highlight new products for visitors in Shanghai ……


Mainland China reports 17 new coronavirus infections, asymptomatic cases surge

China on Wednesday reported 17 new confirmed coronavirus infections in the mainland for Nov. 3, down from 49 a day earlier, the health authority said, although asymptomatic cases surged….


UPDATE 1-Mainland China reports 17 new coronavirus infections, asymptomatic cases surge

China on Wednesday reported 17 new confirmed coronavirus infections in the mainland for Nov. 3, down from 49 a day earlier, the health authority said, although asymptomatic cases surged….


China Halts Ant Group’s IPO, Throwing Ma Empire Into Turmoil

It was heralded as China’s answer to JPMorgan — a homegrown financial giant on the cusp of the biggest stock-market debut the world has ever seen….


Hong Kong Stocks Fall After China Pulls Plug on Ant’s IPO

Hong Kong stocks dropped after Chinese regulators scrapped Ant Group Co.’s $35 billion initial public offering….


China Eastern: 3Q Earnings Snapshot

SHANGHAI (AP) _ China Eastern Airlines Corp. (CEA) on Monday reported a third-quarter loss of $81.4 million, after reporting a profit in the same period a year earlier. The ……


China slams the brakes on Ant Group’s $37 billion listing

China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go in a dramatic blow to the financial technology company founded by ……


Ant Group’s $37 billion listing suspended as China slams on brakes

China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for ……


China Halts Ant Group’s Blockbuster I.P.O.

The Shanghai Stock Exchange postponed the offering one day after regulators summoned Jack Ma and other executives of the financial technology giant….