Tech stocks are down following an epidemic. Luckin Coffee’s stock has suffered the most, as mask manufacturers’ share prices rise.
Blue City Holdings Ltd., the company behind China’s gay dating app Blued, filed its application on Tuesday to offer shares on the Nasdaq exchange. Why it matters: Blued, which boasts 49 million users, is the largest social dating app for China’s LGBTQ (lesbian, gay, bisexual, transgender, and queer) community, according to a report by consultancy Frost […]
Beijing-based GSX is the latest US-listed Chinese firm facing close scrutiny in the wake of fraud disclosures from coffee chain Luckin and edtech peer TAL.
The company plans to raise $200 million in its IPO on Nasdaq.
The deal is so far the largest Chinese IPO in the US in 2019, eclipsing Luckin Coffee’s which raised $645 million.
The company says it is the world’s first to commercialize a cloud-based robotics system.