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Niu Raises $63 Million in Downsized IPO; Trades 23% Down in First Hours

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BRIEF NEWS
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Alibaba Adds China's Liquor Market to Its Territories with $288 Million Investment

Alibaba Adds China's Liquor Market to Its Territories with $288 Million Investment

1919 Wines & Spirits sold a 30 percent stake to China's largest e-commerce platform in a partnership that would provide 19-minute drink delivery.

Oct 19, 2018 5:10 PM PT
Xunlei Revises Third Quarter Results Downward; Revenue Below Last Year

Xunlei Revises Third Quarter Results Downward; Revenue Below Last Year

The Shenzhen-based company said it now estimated revenue for the period to be between $43 million and $46 million, well below the $54 million to $60 million it projected at the end of its second quarter.

Oct 19, 2018 4:22 PM PT
The9 Stock Doubles on Sale of Stake to Its Consultant

The9 Stock Doubles on Sale of Stake to Its Consultant

The9 saw its stock soar 113 percent intraday Friday to $3.36 per share.

Oct 19, 2018 12:33 PM PT
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COMPANY SNAPSHOT (VIDEO)

CEO INTERVIEW: How ReTo is Helping China's Environment With New Technology

COMPANY WATCH
Lenovo Takes Top PC Seller Position in Third Quarter; Future Uncertain

Lenovo Takes Top PC Seller Position in Third Quarter; Future Uncertain

Despite strong third-quarter results, Lenovo has experienced turbulence after Bloomberg's spying report.

Popular Hot Pot Chain Haidilao Prices Hong Kong IPO at Top of Range

Popular Hot Pot Chain Haidilao Prices Hong Kong IPO at Top of Range

The Chinese Sichuan-style spicy restaurant is set to raise nearly $1 billion in its IPO this week.

Meituan Dianping Closes Up 5% in Hong Kong Debut in Second-largest IPO Since Xiaomi

Meituan Dianping Closes Up 5% in Hong Kong Debut in Second-largest IPO Since Xiaomi

The Tencent-backed delivery and services platform landed a $4.2 billion IPO, trailing closely behind Xiaomi's July listing.

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EDITOR'S PICKS
China's Digital Wallets Alipay, WePay Warn iPhone Users of Hacks

China's Digital Wallets Alipay, WePay Warn iPhone Users of Hacks

China's largest payment apps said on Thursday that Apple IDs were used to hack into their customers' accounts to swipe funds.

Gaming Resort in Macau, Studio City Seeks New York IPO of Up to $360 Million

Gaming Resort in Macau, Studio City Seeks New York IPO of Up to $360 Million

The Hong Kong-based company plans to sell 28.8 million ADSs at up to $12.50 per share on the NYSE as "MSC."

Nio Stalls Out Below IPO Price

Nio Stalls Out Below IPO Price

Despite the lack of news, the company has seen its fortunes slide continuously since a dramatic run-up the day after it went public three weeks ago when it raised $1 billion.

PRESIDENT & CFO INTERVIEW: CooTek to Continue Growing Global User Base, App Portfolio After IPO

PRESIDENT & CFO INTERVIEW: CooTek to Continue Growing Global User Base, App Portfolio After IPO

CooTek's management said they were “thrilled” about its public float in New York in an interview with CapitalWatch.

Alibaba's Internet Car Startup Banma Raises $233 Million

Alibaba's Internet Car Startup Banma Raises $233 Million

Banma said this fundraising gave the company a valuation of over $1 billion.

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