Jumei CEO Chen Ou is taking the New York-listed firm private in an offer of $20 per ADS, ending the e-commerce platform’s years-long struggles to compete.
Ctrip is the fourth Chinese tech company that mulls delisting from the US financial markets in around one month as the tension between the two countries intensify.
Sina is the second Chinese tech company in a month mulling a delisting from the US market, a sign that Chinese tech firms are shying away from US markets.
Ele.me is criticized for its treatment of the family of a deliveryman who died on the job. The US may ban American investors from Alibaba and Tencent.
The company listed on the Nasdaq in 2014, eventually delisting in September 2016.
The filing comes as global markets are cooling on Chinese stocks.
iDreamSky, the Shenzhen based mobile game developer notably responsible for the development of popular titles “Temple Run” and “Subway Surfers”, is planning to relist on Hong Kong stock exchange market in a deal that could raise around $300 million. iDreamSky Technology is one of China’s largest independent mobile game publishing and developing platforms in China. […]
Alibaba has spent billions on investments and acquisitions in startups around the world over the past decade. Where is its money going?
Ever since last year, an increasing number of Chinese tech companies can be seen joining the IPO craze.
The CareVoice (康语), focused on improving healthcare and the insurance experience for people in China, announced today it has raised over $2 million in early growth capital. The investment will be used to fuel its insurance business lines, accelerate technology development, consolidate its leadership in China’s major cities and expand to Southeast Asia. The company […]