Xiaomi files application for IPO in Hong Kong

Beijing-based smartphone giant Xiaomi has filed its application for an initial public offering (IPO) to the Hong Kong Stock Exchange, local media is reporting (in Chinese). The long-anticipated blockbuster IPO might be the world’s biggest one in 2018. While the filing didn’t specify the exact amount Xiaomi is looking to raise, sources familiar with the … More Xiaomi files application for IPO in Hong Kong

Tencent Leads $100M Pre-IPO Investment In News App Qutoutiao At Unicorn Valuation

Tencent Holdings Ltd has led a pre-IPO investment of more than US$100 million in Chinese personalized news recommendation app Qutoutiao, valuing the start-up between US$1.3 billion to US$1.5 billion, according to local media. Qutoutiao, which means “fun headline” in English, is rumored to be seeking a U.S. initial public offering of up to US$3 billion … More Tencent Leads $100M Pre-IPO Investment In News App Qutoutiao At Unicorn Valuation

Jack Ma says no Ant Financial IPO anytime soon

Jack Ma has put a halt to years of rumors about an imminent IPO for Alibaba’s payments arm, Ant Financial. Speaking in front of media on Saturday, the billionaire Alibaba founder said that there’s no timeline for when Ant Financial will list, and they will only consider the IPO route – ie: the possibility of … More Jack Ma says no Ant Financial IPO anytime soon

#Luxury #etailer #Secoo Joins Battle With $100 Million #US #IPO

Secoo Holding, a leading Chinese luxury e-commerce company, filed with the U.S. Securities and Exchange Commission (SEC) on August 25, aiming to raise up to $100 million in an initial public offering (IPO). According to the filings, it plans to list on the Nasdaq under the symbol “SECO.” Currently, no pricing detail was disclosed. https://goo.gl/S8hp8f