Stocks
Alibaba posts net loss of $1.17 billion in Q1, first since IPO
Alibaba posted an operating loss of 7.663 billion yuan ($1.170 billion) in its fiscal fourth quarter ended March 31 this year, the e-commerce giant's first quarterly loss sinc
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Chinese social platform Soul files to list on NASDAQ
Soul's revenue in 2020 was RMB 498 million ($78 million), up 604.3% year-on-year, the company's prospectus showed.
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Luckin Coffee sued by US stock investors in Shanghai, first case of its kind
There is no precedent for an investor suing a US-listed company in China, making this case the first of its kind.
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Meituan opens 1.64% lower after anti-monopoly probe
China's State Administration for Market Regulation announced on Monday that it had opened an investigation into Meituan's alleged monopolistic practices such as "forced exclusivity
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Hong Kong-listed firm's share price doubles after Tencent takes stake
Feiyu was up 118% at one point in early trading and has now pared its gains to about 63%.
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Meituan plans to raise nearly $10 billion through stock and convertible bond sale
After the move Meituan will have $18 billion in net cash, compared with $17 billion for Pinduoduo, $15.7 billion for JD.com and $51.6 billion for Alibaba, Nomura said.
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Luckin Coffee signs investment deal with two shareholders
Under the agreement, Centurium Capital has agreed to invest approximately $240 million in a private placement of Luckin Coffee's senior convertible preferred stock.
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Didi reportedly files secretly for US IPO
The certainty of a third-quarter IPO for Didi is high, but ultimately it will depend on the majority shareholder, the report said. Didi's top shareholder is currently SoftBank Grou
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Alibaba closes 6.5% higher in Hong Kong as anti-monopoly probe it faces settles
Shares of Alibaba closed 6.5 percent higher in Hong Kong to trade at HK$232 Monday as the anti-monopoly investigation it faces settled.
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Tencent-backed MissFresh said to have secretly filed for US IPO
The company currently provides grocery delivery services in 16 first- and second-tier cities in China, with delivery in as little as 30 minutes.
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