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Tag Archives: 58.com
China 58.com latest Business & Financial news from Doug Young, the Expert on Chinese High Tech startups, (former Journalist and Chief editor at Reuters)
I want to use one of my final posts for September to take a look at the IPO outlook for Q4, specifically what we might expect to see for new Chinese offerings in New York in the final 3 months of 2013. When the history books are written, this year will probably go down as one of the weakest in recent memory for New York IPOs by major Chinese firms. But that said, I do still expect to see a small flurry of activity in the fourth quarter, based on recent reports of new listing plans and signs that a 2-year-old purge of dubious Chinese firms from US stock markets may be finally wrapping up. Read Full Post…
A new wave of offshore Chinese Internet IPOs that I’ve been expecting for a while now never seems to materialize, with only 2 major new offerings in the last year. I’ve mostly given up trying to predict when that wave will come, though we’re seeing some signs of a possible year-end flurry of activity with word of 2 new listing plans. According to the latest media reports, classified ads website 58.com and lottery website 500.com are both aiming to make New York IPOs by the end of this year, aiming to raise a combined total of up to $250 million. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 2. To view a full article or story, click on the link next to the headline.
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Fund House ChinaAMC Launches Service On Tencent (HKEx: 700) WeChat (Chinese article)
Youku Tudou (NYSE: YOKU) To Enter Internet TV Arena – Reports (English article)
Online Marketplace 58.com Plans NY IPO This Year To Raise Up To $100 Mln (Chinese article)
Toyota (Tokyo: 7203) Expects To Meet China Sales Target Despite July Slip (English article)
ZTE Wins 5 Pct Of Global Smartphone Market In Q2 (Businesswire)
