The Chinese paper products maker, notorious for past allegations of fraud by Muddy Waters, is changing its name to IT Tech Packaging Inc. and its trading symbol to “ITP,” effective August 1.
Alibaba and Goldman Sachs led the series A funding in Suning Sports, rising the valuation of the company to about $1.5 billion.
Jumpship was co-founded by Dino Patti, ex-CEO of Denmark game company Playdead, creator of hit games Inside and Limbo.
Puxin's chief financial officer, Peng Wang, says China's fragmented education industry will transform in the near future with the company becoming a top consolidator.
The shares of iQiyi rose nearly 17 percent in trading after the company, dubbed "Netflix of China," said two additional members were appointed to its board.
According the announcement, the average transaction price was $8.855 per share, which is equivalent to $22.6 million, or 144 million yuan.
China's second-largest online retailer is looking to expand into Thailand this year, to be followed by Vietnam and Malaysia. The company faces fierce competition from Southeast Asia's biggest e-commerce platform owned by Alibaba Group.
The shares of SSLJ fell to $1.69 per ADS Thursday after the company announced that its COO Li is taking over the position of CEO and chairman.
The stock of China TechFaith soared Thursday after the company, which has struggled with declining profit since 2011, announced the sale of its subsidiary.
The financial unit of China's second-largest retailer, JD.com, has doubled its valuation with its latest round of funding from Chinese investors.
In a one-page memo to employees, the company provided a list of responses that employees were asked to read if they were asked any questions.
For Xiaomi, as well as the overall tech industry in China, it was a disappointing signal of lagging investor appetite for new issuances.