Chinese e-commerce platform Yunji files for US IPO

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Yunji reportedly hopes to fetch a valuation of between $7 billion and $10 billion in the IPO.

Yunji

Shanghai exchange accepts first applicants for Nasdaq-style tech board

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Among the nine applicants are Ningbo Ronbay New Energy Technology Co, Wuhan Keqian Biology Co, Ankon Technology (Wuhan) Co and chip maker HeJian Technology (Suzhou) Co.


Uber said to pick New York Stock Exchange for 2019 IPO

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By selecting the iconic trading floor in the heart of Wall Street, Uber is diverging from rival Lyft Inc., which chose Nasdaq for listing.


Bogged down by gaming freeze, Tencent posts 32% profit drop

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The lower-than-expected profit was also attributable to one-off charges of 2.1 billion yuan ($313.90 million) related to Tencent Music and other portfolio companies.


UAE’s VPS Healthcare rethinks London IPO due to Brexit uncertainty

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The Abu Dhabi-based hospital operator is also evaluating listing in the U.S. or Singapore and will decide closer to the IPO.


Malaysia’s state fund PNB chief sees strong revival for stocks

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Global funds pulled $2.9 billion from local equities in 2018, and have remained net sellers this year.


Foxconn Ventures sells $398.4m worth of Alibaba stock

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Foxconn sold 2.2 million Alibaba shares on Wednesday at $181.10 per share.


Indonesia’s Lion Air said to prepare for $1b IPO

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The company is working with advisers on the planned share sale, which could take place as soon as this year.


China’s Up Fintech raises $104m after pricing US IPO above range

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Up Fintech, which is backed by Jim Rogers, priced 13 million American depositary shares (ADSs) at $8 apiece, above its target range of $5-7 a share.


Baby formula maker China Feihe plans to revive $1b Hong Kong IPO

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Feihe went private from the New York Stock Exchange in 2013 amid a wave of delistings by U.S.-traded Chinese firms.