Stocks
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NIO to redeem 8.6% stake in NIO China from investors, shares up 3% pre-market
NIO has agreed to redeem 8.6 percent equity interests in NIO (Anhui) Holding Co., Ltd., the legal entity of NIO China, according to an SEC filing.
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NIO shares up by more than 7% as Deutsche initiates coverage with buy rating
The shares of Chinese EV maker NIO went up by more than 7 percent to $18.30 in early trading on Wednesday after getting a bull rating from Deutsche Bank.
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Deutsche initiates coverage on NIO with buy rating and $24 price target
Deutsche Bank has initiated coverage on Chinese automaker NIO with a Buy rating and $24 price target, representing a 33 percent upside potential from Friday's close.
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US-listed Chinese education firm GSX Techedu faces SEC probe, shares down another 4% pre-market
GSX Techedu, a US-listed Chinese education company, began facing an investigation by the US Securities and Exchange Commission (SEC) after a spate of attack by short-sellers.
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Luckin Coffee board votes to reinstate Sean Shao as independent director
The board of directors of Luckin Coffee, which is embroiled in the financial fraud controversy, voted at an extraordinary general meeting held on September 2 to approve a resolution to reinstate Sean Shao as an independent director.
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CICC sees room for NIO, Li Auto, and Xpeng shares to rise as their market caps far away from Tesla
NIO, Li Auto and Xpeng Motors have a combined market capitalization of $50 billion, while Tesla has a market capitalization of $450 billion, meaning the three Chinese electric car companies have room to rise, according to CICC, a Chinese investment bank.
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Prominent Chinese entrepreneur slams Luckin Coffee for financial fraud, says it's a disgrace to Chinese people
Luckin Coffee's financial fraud has sparked a crisis of confidence among international investors in Chinese companies. In his latest presentation, leading Chinese entrepreneur Yu Minhong slammed Luckin Coffee.
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Xpeng added to MSCI indexes one day after IPO
MSCI on Friday announced changes to the MSCI China All Ordinaries Index to include Chinese EV maker Xpeng Motors as a constituent of the MSCI China Standard Index and a constituent of the MSCI China Free Large Cap Index, which will be effective from September 11.
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NIO offers 75 million additional ADS shares, stock plunges 9% after market
Chinese EV maker NIO announced Thursday to additionally offer 75 million American depositary shares (ADS), each representing one Class A ordinary share.
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Li Auto shares surge 28% to record high
Chinese EV maker Li Auto shares surged 28.25 percent to close at $23.38 on Wednesday, a record high since its IPO, pushing its market capitalization to $19.55 billion.