China Digest: ChinData secures $540m, Boqii raises $70m in separate IPOs

REUTERS/Brendan McDermid

Despite rising geopolitical tensions between Beijing and Washington, two Chinese firms – Boqii and ChinData Group – have successfully launched their IPOs in the US market, raising $70 million and $540 million, respectively.

Bain-backed ChinData raises $540m in IPO

Chinese data centre owner ChinData Group has raised $540 million in its initial public offering (IPO) in the US, well within its target, according to its latest filing.

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