Search Results for:Julie Zhu

China’s Xiaomi secures 7 cornerstone investors including Qualcomm for $6.1b IPO

Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and mainland offerings.

China’s Xiaomi plans to raise up to $6.1b in Hong Kong IPO

The cornerstone investors are expected to buy about 15% of the shares being offered in the IPO.

China’s Xiaomi trims pre-IPO valuation more than 30% to $55-$70b range

The new valuation is far below the $100 billion valuation touted by sources earlier this year.

China’s Xiaomi defers mainland CDR offering until after Hong Kong listing

Xiaomi said it would apply to China’s securities regulator to postpone a review of its CDR offering application.

China’s Lufax targets up to $2b raise in fresh funding amid delayed listing

Lufax seeks to fund growth while its IPO is on hold due to changing regulation in consumer lending, a core business.

Xiaomi’s $10b July IPO plan has a $3b CDR component

Xiaomi is likely to be among the first overseas-listing Chinese tech firms to seek a secondary listing in China under plans for so-called Chinese depositary receipts (CDR).

HNA’s Hong Kong Airlines taps investors to raise $350m ahead of IPO

That would give the 12-year-old airline a pre-IPO valuation of about $1.6 billion.

China to use cornerstone investors to help Alibaba, Xiaomi list in mainland

Beijing could also rip up its unwritten rules on pricing caps to make way for these blockbuster deals, with Alibaba and Xiaomi believed to be furthest along the CDR planning path.

IDG Capital fires top investment manager in China for alleged sexual misconduct

Jiang Zuo, also known as Douglas Jiang, joined IDG in 2013 to lead the firm’s cryptocurrency investments.

Nasdaq-listed Chinese internet firm Sina plans secondary listing in Hong Kong

The listing plan comes at a time when Hong Kong Exchanges and Clearing has loosened its rules to woo Chinese new-economy companies.