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Shares of JD Industrials (7618.HK), a subsidiary of Chinese e-commerce giant JD.com (Nasdaq: JD; 9618.HK), closed flat at HKD 14.10 today in the industrial supply chain technology and services unit's spin-off listing on the Hong Kong stock exchange. Read More
Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK) announced today in a filing with the Hong Kong Stock Exchange that it had agreed to pay USD 433.5 mln to settle a U.S. class-action lawsuit filed by investors alleging monopolistic practices. Read More
Guangzhou-based autonomous driving start-up WeRide (Nasdaq: WRD) today announced the pricing of its initial public offering of 7,742,400 American depositary shares ("ADSs") at a price to the public of USD 15.50 per ADS. Read More
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today in a Hong Kong stock exchange filing that, via a wholly-owned subsidiary, it has acquired Walmart's entire stake in on-demand delivery service firm Dada Nexus (Nasdaq: DADA). Read More
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) today announced that, during the quarter ended March 31, 2024, the company repurchased a total of 87.5 mln Class A ordinary shares (equivalent of 43.8 mln ADSs) for a total of USD 1.2 bln. Read More
JD Logistics (2618.HK), the logistics arm of Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK), announced today an expansion of its self-operated express delivery business in Hong Kong and Macau via JD Express. Read More
Cainiao Smart Logistics Network Limited, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), submitted an IPO prospectus to the Hong Kong Stock Exchange today. Read More
Telecom operator China Unicom (0762.HK; 600050.SH) has announced an update to its proposed spin-off and separate listing of China Unicom Smart Connection Technology Limited. Read More
Mainland China's telecom industry revenues reached RMB 1.58 trln in 2022, representing a year-on-year increase of 8.0%, according to preliminary figures released today by China's Ministry of Industry and Information Technology (MIIT). Read More
Chinese bullet-screen video platform and video game operator Bilibili (Nasdaq: BILI; 9626.HK) announced that the company's voluntary conversion of its secondary listing status to primary listing on the Main Board of Hong Kong Stock Exchange became effective today. Read More