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China to Use Cornerstones to Help Alibaba, Xiaomi List in Mainland

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BRIEF NEWS
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Acorn Stock Soars on News of $14.97 Cash Dividend

Acorn Stock Soars on News of $14.97 Cash Dividend

Shares of Acorn skyrocketed nearly 26 percent in early trading Friday after the company announced that it would issue a one-time cash dividend of $14.97 per American depositary share.

May 25, 2018 11:07 AM PT
Yirendai Shows Continued Growth, Shares Up After-hours Despite Lower Earnings

Yirendai Shows Continued Growth, Shares Up After-hours Despite Lower Earnings

For the Beijing-based FinTech company, its business continued to grow rapidly, despite the earnings decline, as the company said that more than $1.9 billion of loans were facilitated in the three months ended March 31.

May 25, 2018 4:05 AM PT
Bilibili Soars After Strong Earnings and Denial of Ex-employee's Accusation

Bilibili Soars After Strong Earnings and Denial of Ex-employee's Accusation

The stock's comeback followed a rough day yesterday as its shares were hurt when an ex-employee accused Bilibili of taking away her shares by framing her for embezzlement.

May 24, 2018 4:00 PM PT
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Down 19% in a Week, Weibo Shares Continue to Slide; Nomura Cuts Price Target

Down 19% in a Week, Weibo Shares Continue to Slide; Nomura Cuts Price Target

Nomura cut the price target of China's social media network, bringing the stock of Weibo down 1 percent in intraday trading Wednesday.

PPDAI Soars 16% in New York Trading After Posting Strong Earnings

PPDAI Soars 16% in New York Trading After Posting Strong Earnings

PPDai, which went public at $13 per ADS in November, closed today at $7.98 per share, up $1.10, or 16 percent.

Chinese Fintech Behemoth Ant Financial to Raise $10 Billion

Chinese Fintech Behemoth Ant Financial to Raise $10 Billion

Ant Financial, the world's largest unicorn backed by Alibaba, would be valued at $150 billion with its latest round of financing from investors including Carlyle, Warburg Pincus, and Temasek.

Huya Debut: Chinese Livestreaming Platform Raises $180 Million in New York IPO

Huya Debut: Chinese Livestreaming Platform Raises $180 Million in New York IPO

One of China's largest live streaming gaming platforms, a spin-off of YY Inc., could raise as much as $180 million at the upper end of its range at its initial public offering Friday.

Alibaba-backed Best Inc. Reports High Net Loss; Stock Drops

Alibaba-backed Best Inc. Reports High Net Loss; Stock Drops

China's logistics company, backed by Alibaba, reported a net loss of $54 million, sending the stock down 10 percent on Thursday.

JD and iQiyi Joint Membership Program Attracts 1 Million Users in First Week

JD and iQiyi Joint Membership Program Attracts 1 Million Users in First Week

"This will be a long-term partnership," said Yu Gong, the founder and chief executive officer of iQiyi.

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COMPANY WATCH
INTERVIEW: A Rough Start in the U.S., but iQiyi CEO Says There are Big Plans Ahead

INTERVIEW: A Rough Start in the U.S., but iQiyi CEO Says There are Big Plans Ahead

Although iQiyi is often considered China’s version of Netflix in the U.S., founder and CEO Yu Gong said he has a bigger idea.

Handset Maker TechFaith Struggles in Shadow of Giants

Handset Maker TechFaith Struggles in Shadow of Giants

The mobile phone maker, struggling with declining profit since 2011, showed its worst figures in its 2017 financials since pre-IPO years.

Dragon Victory Steers Into Automotive Services, Road Ahead Brightens

Dragon Victory Steers Into Automotive Services, Road Ahead Brightens

The four-year-old crowdfunding platform for entrepreneurs was doing okay until it ventured into auto services. Now, it's doing great.

INTERVIEW: Despite Shaky Opening, OneSmart Chairman Sees Strong Growth Ahead

INTERVIEW: Despite Shaky Opening, OneSmart Chairman Sees Strong Growth Ahead

Despite the drop, OneSmart's chairman remained upbeat after his company's first day of trading in New York.

Baidu's Full-Speed Push into Autonomous Driving

Baidu's Full-Speed Push into Autonomous Driving

The company offers software for self-driving systems on an open platform, but observers have questioned Baidu's business model.

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