Xiaomi to IPO Soon
Xiaomi IPO is scheduled on July 9th, in Hong Kong Stock Exchange. The Company and existing holders are to issue 2.18 billion shares at a price range between HKD17-22. China Mobile and Qualcomm are to invest USD100 million respectively.
Xiaomi Delays IPO
June 19th, according to disclosure by SEC, Xiaomi Group decided to issue CDR in batches. It will be offered in Hong Kong first, and later in mainland China. It is estimated that Xiaomi is to be worth RMB30 billion, such delay in offer is believed to avoid impacting the market.
JD 618 Revenue
June 19th, JD.com has received an accumulated order of RMB159.2 billion during its “618” promotion.
Meituan to IPO in HKSE
June 13th, according to sources close to the market, Meituan is to submit IPO application to Hong Kong Stock Exchange as early as this month to raise HKD47 billion.
ZTE Resume Trading
June 12th, ZTE disclosed that the Company’s A Share will resume trading in Shanghai Stock Exchange on June 13th. The Company is to pay USD1.4 billion fine and replace the entire Board of Directors.
Xiaomi’s CDR Prospectus Disclosed
June 11th, Chinese securities regulatory body disclosed the Prospectus of Xiaomi to issue CDR in Chinese Share market. Xiaomi had passed the hearings in HongKong on June 7th.
ZTE Settles with US Gov
ZTE has signed an agreement with US government that it will pay a fine of USD1.7 billion in order to resume its component purchase from US suppliers.
Kuaishou Acquires Acfun
June 5th, Kuaishou acquired all shares of Acfun and is holding the later wholly. Acfun will remain operating independently with its brand and team. Kuaishou is to provide financial and technical support.
The Little Red Book
June 1st, Shopping Sharing Community The Little Red Book completed a round of fund raising for USD300 million. The company is estimated to worth USD3 billion.
Xiaomi IPO and CDR
Xiaomi is to issue CDR on July 16th in Shanghai. To coordinate with the issue, Xiaomi postpone its IPO by 1-2 weeks, which is scheduled on July 17th 2018 in Hong Kong.