Category: Shanghai News

China’s Ant Group prices Shanghai IPO at 68.8 yuan

HANGZHOU, Oct. 26 (Xinhua) — China’s Ant Group on Monday set the price for its initial public offering (IPO) on the Shanghai Stock Exchange at 68.8 yuan (about 10.26 U.S. dollars) per share, ……


GM China Advanced Design Center In Shanghai Undergoing Massive Expansion

As a result, the company announced that it will upgrade the GM China Advanced Design Center in Shanghai, more than doubling current studio space and milling capacity. The center will adopt ……


Tesla to export made-in-China Model 3 to Europe

A ceremony of Tesla China-made Model 3 vehicles exporting to Europe is held at its gigafactory in Shanghai, east China, Oct. 26, 2020.(Xinhua/Ding Ting) SHANGHAI, Oct. 26 (Xinhua) — U.S. carmaker ……


Tesla Shanghai success is macrocosm of China Inc.

Tesla Inc CEO Elon Musk attends a delivery event for China-made Model 3 cars in Shanghai, China on January 7. Photo: cnsphoto Tesla has achieved another milestone success at its Shanghai Gigafactory, ……


China’s Ant Group says to raise $34 bn in record IPO

The cash raised from the split float between Hong Kong and Shanghai would be far more than the $29 billion chalked up by Saudi Aramco in December. Ant Group company runs Alipay, the dominant online ……


Why Investors Are Underweight China Equities, But Should Reconsider

Investors are underinvested in China equities relative to its economic and overall global stature. China carries unfavorable attributes and risks that have suppressed its equity market….


Geely’s new EV plant in China will build premium Polestar cars

An electric vehicle factory planned by China’s Geely will produce cars under the premium Polestar marque, two people with direct knowledge of the matter told Reuters on Monday. Zhejiang Geely Holding ……


Ant Group to raise $17.2 billion in Shanghai in China’s biggest IPO

Ant Group Co Ltd on Monday set the price tag for the Shanghai leg of its record-breaking dual-listing at 68.8 yuan ($10.27) per share, the Chinese fintech company said in a stock exchange ……


China’s Ant Group prices Shanghai IPO leg at 68.8 yuan per share

China’s Ant Group Co Ltd on Monday set the pricing for the Shanghai leg of its mega dual-listing at 68.8 yuan ($10.27) per share, the company said in a filing to the local exchange….


UPDATE 1-Ant Group to raise $17.2 bln in Shanghai in China’s biggest IPO

Ant is set to raise 114.9 billion yuan ($17.15 billion) from the Shanghai part of its dual-listing, which is set to be the biggest initial public offering (IPO) in China, eclipsing Agricultural ……