December 29th, 2018
China's Fit Boxx Holdings, which sells beauty, fitness and health care products and devices, is looking forward to raise about $20 million in an initial public offering (IPO) on the US stock market.
The company is planning to offer its IPO of 2,500,000 ordinary shares (or 2,875,000 ordinary shares if the underwriters exercise their...
October 24th, 2018A Hong Kong-based startup Neat that offers startups and SMEs access to credit cards and banking services has secured funds amounting to $3 million in a fresh funding round.
The particular round was led by China-based VC Linear Capital. The round also saw participation from Hong Kong’s Sagamore investments and existing...
October 23rd, 2018Online tax return-filing and investment platform ClearTax has raised funds amounting to $50 million in a fresh financing round. The round was led by Composite Capital which is based in Hong Kong.
This deal has come at a time when the financial tech sector, commonly referred to as fintech, has clocked rapid growth and managed to...
September 27th, 2018Internet giant Tencent has got into an association with China’s largest payment provider China UnionPay and its subsidiary UnionPay International for the purpose of offering cross-border mobile payment services for Hong Kong residents.
This will also allow the users to use the Hong Kong version of WeChat Pay on the mainland. The...
September 5th, 2018China’s food delivery and restaurant review major Meituan-Dianping said it aims to raise up to $4.4 billion (roughly Rs. 31,400 crores) for its initial public offering (IPO) in Hong Kong.
Instead of a not-so-effective response to other recent IPOs in the city, the company is planning to go public. With the IPO, Meituan will offer...
June 2nd, 2018China's leading artificial intelligence company, SenseTime has raised $620 million in its latest Series C+ round of fundraising, being the world's highest-valued AI company at a valuation of more than $4.5 billion. The company had raised $600 million last month Alibaba-led investors and Singapore’s state investment firm and now is back...
May 17th, 2018Chinese Tech Major, Tencent Holdings shares in Hong Kong surged over 5 percent Thursday after it posted a record quarterly profit for the three months to March.
WeChat owner Tencent has its market capitalisation floating at over $22 billion as shares traded at 416.4 Hong Kong dollars ($53) during afternoon trade.
Even Company's...
May 14th, 2018HSBC Holdings, a multinational banking and financial service major has become world's first bank to perform a financial transaction using blockchain technology. The step marks a major boost to efficiency and reduction of errors in the multitrillion-dollar funding of international trade.
The transaction took place successfully by HSBC...
November 15th, 2017engaluru based healthcare startup that provides social care support for senior citizens has raised an undisclosed amount of funding from Hong Kong based entrepreneur Rugmini Menon, it said in a press statement.
This fresh funding will be used to boost up its operations and strengthen its customer management technology.
Founded back...
July 24th, 2017One97 Communications Ltd. owned Paytm has recently formed a joint venture with Hong Kong's company AGTech Media to develop mobile games for Indian consumers, AGTech Holdings Ltd said in a regulatory filing to the Hong Kong stock exchange on Monday, reported Mint.
AGTech Holdings Ltd owns AGTech Media, which serves integrated...
June 23rd, 2016McDonald's has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people familiar with the matter said.
Buyout firms including Bain Capital, TPG Capital and Carlyle Group are also participating in...
January 10th, 2016Every country has its own set of rules and regulations when it comes to setting up a business. China is no exception, but what are some of the challenges for foreigners setting up a business in China?
Michael Michelini, will tell you how? A, 34 years, old Shenzhen-based American internet dude helping western companies leverage Chinese...
