Chinese developer Sunac China has missed the deadline for a coupon payments on a $742 million offshore bond and said, it doesn’t expect to make payments coming due on other bonds as well. The development adds to the wave of defaults… Read More ›
Hong Kong Stock Exchange
Chinese AI startup SenseTime Group holds urgent talks with HKSE following reports of it being placed on US trade blacklist
According to two sources with direct knowledge of the matter at hand, Chinese artificial intelligence startup SenseTime Group is in talks with officials of the Hong Kong Stock Exchange regarding the fate of its $767 million planned IPO in Hong… Read More ›
Didi Global to delist from NYSE, aims to pursue listing at Hong Kong
On Friday, ride-hailing giant Didi Global said, it will delist from the New York Stock Exchange and pursue a listing on the Hong Kong Stock Exchange following increased pressure from Chinese regulators. Earlier this year in July Didi had pushed ahead… Read More ›
Prosus NV sells 2% stake in Tencent Holdings Ltd for $14.7 billion
In a significant development, Tencent Holdings Ltd said, technology investor Prosus NV has sold 2% of its stake for $14.7 billion in what is said to be the world’s largest-ever block trade. In a regulatory filing with the Hong Kong… Read More ›
Shares of China’s Xiaomi Corp halted in Hong Kong Stock Exchange
Trading in shares of Chinese smartphone maker Xiaomi Corp was halted on Wednesday said a notice from the Hong Kong Stock Exchange. The Hong Kong Stock Exchange did not give any other details for the suspension in trading. According to… Read More ›
Alibaba Group Holding postpones Hong Kong listing midst growing unrest
Following a growing wave of anti-China protests in Hong Kong, Alibaba is weighing a delay in the listing in the Hong Kong Stock Exchange which has not only shut down its airport but has also captivated the world. According to… Read More ›
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