News For Tongcheng China


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Google 11/19/2018 7:08:45 AM

China's Craigslist continues growth after netting 100 million small-town users - TechCrunch


TechCrunch

China's Craigslist continues growth after netting 100 million small-town users
TechCrunch
... which went public on the New York Stock Exchange in 2013, became a dominant player in China's classifieds and listing market after gobbling up archrival Ganji.com in 2015. In 2017, it launched 58 Town as an extension of its urban-focused 58 ...

Google 11/16/2018 9:54:01 AM

Asian IPO slump brings welcome valuation sanity - Nasdaq


GlobalCapital

Asian IPO slump brings welcome valuation sanity
Nasdaq
Online Chinese travel firm Tongcheng-Elong initiated a smaller-than-expected Hong Kong IPO of up to $233 million on Nov. 13, according to IFR. - Canaan, a maker of cryptocurrency mining equipment, allowed its application for a Hong Kong IPO to lapse on ...
Chinese tech duo slash IPOs in choppy marketsGlobalCapital
Why are Hong Kong's initial public offerings so toxic?MENAFN.COM
Breakingviews - Asian IPO slump brings welcome valuation sanity ...Reuters

all 11 news articles »
Google 11/16/2018 3:31:28 AM

Weak markets force Alibaba-backed Babytree to cut size of HK IPO - Reuters


Reuters

Weak markets force Alibaba-backed Babytree to cut size of HK IPO
Reuters
HONG KONG (Reuters) - Alibaba-backed online parenting firm Babytree Group launched a Hong Kong IPO of up to $281 million on Wednesday, far below what the Chinese company had hoped to raise, as weak markets force firms to scale back their funding ...
Startups Backed by Alibaba, Tencent Slash Planned IPOs - WSJWall Street Journal
Tencent-backed firm slashes HK IPO size amid weak marketsThe Edge Markets MY
Alibaba-Backed Babytree Seeks Up to $282 Million in HK IPOBloombergQuint
Macau Daily Times
all 19 news articles »
Google 11/14/2018 9:22:56 AM

Wednesday Tech Briefing: Chinese Divorce Certificates Go Digital - Caixin Global


Caixin Global

Wednesday Tech Briefing: Chinese Divorce Certificates Go Digital
Caixin Global
China's sole clearinghouse of nonbank online transactions, known as NetsUnion, handled 1.17 billion transactions across financial institutions during the "Double 11" sales event, according to its website. At its peak, it handled 92,000 transactions per ...

Google 11/14/2018 7:05:02 AM

Tongcheng-Elong aims for $232m, Babytree pulls IPO - GlobalCapital


GlobalCapital

Tongcheng-Elong aims for $232m, Babytree pulls IPO
GlobalCapital
Chinese online travel service provider Tongcheng-Elong will sell 143.8m shares, or 6.4% of its enlarged share base before greenshoe, at a price range of between HK$9.75 and HK$12.65 per share — implying a valuation of up to $3.65bn-equivalent.

Google 11/13/2018 1:58:26 PM

Tencent-backed Chinese travel firm slashes HK IPO size amid weak markets - Reuters


EJ Insight

Tencent-backed Chinese travel firm slashes HK IPO size amid weak markets
Reuters
HONG KONG (Reuters) - Tencent Holdings-backed online Chinese travel firm Tongcheng-Elong launched a far smaller-than-expected Hong Kong IPO of up to $233 million on Tuesday, amid a weak stock market and a string of poor performances from recent ...
Tencent-backed Chinese travel firm slashes Hong Kong IPO sizeEJ Insight
World's Most Active IPO Market Starts to Show Signs of StressBloombergQuint

all 14 news articles »
Google 11/13/2018 5:32:55 AM

Club Med owner Fosun Tourism receives approval to list shares in Hong Kong - South China Morning Post


South China Morning Post

Club Med owner Fosun Tourism receives approval to list shares in Hong Kong
South China Morning Post
The approval means Fosun Tourism could join online parenting firm Babytree Group and online travel agent Tongcheng-eLong Holdings to launch initial public offerings in Hong Kong in November. ... Alibaba is the owner of the South China Morning Post.

Google 11/12/2018 1:45:08 PM

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