The lending platform, which became publicly traded in September, has set up an annual dividend of 10 cents per share, though the details have yet to be announced.
Huawei, which has been under pressure since the United States demanded its allies bar Chinese vendors from participating in building 5G networks due to national security concerns, made 5,405 patent applications to the U.N. body last year.
Income reached $1.4 million, or 1 cent per diluted American depositary share, in contrast to a net loss of $22.3 million, or 16 cents per diluted ADS, for the same quarter of 2017.
Reuters Data Temporarily Unavailable
Up Fintech (Tiger Securities) is growing quickly in the lucrative foreign securities trading market in China but faces a strong competitor in recent IPO firm Futu Holdings.
We see many stocks across multiple sectors significantly undervalued and a reversal of the negative trend in place since 2015 for many Chinese stocks.
Futu Holdings has revised its U.S. IPO by reducing the ADSs sold to public investors and selling shares to private equity firm General Atlantic Singapore FT.
Asia Times has filed for a small, "best efforts" U.S. IPO. The tiny firm is profitable and growing, but the IPO is pricey.
After two successive drubbings,Yangtze River Port and Logistics had enough and filed suit against Hindenburg Research and will take their complaints to a judge.
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Just a few months before a planned IPO, Luckin’s chairman and investor, is seeking to borrow $200 million from an investment bank, backed primarily by his own Luckin shares.
Based in Fujian province, Happiness said it was proposing to sell 750 ordinary shares on the Nasdaq Capital Market under the ticker symbol “HAPP.”
The two companies said they would first work to introduce small businesses in the U.S. to Alibaba.com, Alibaba’s business-to-business (B2B) marketplace.
The Xiamen-based game operator, which uses augmented reality, reported revenue of $9.6 million and income of $3.3 million for the first nine months of last year.
The fully digitized brokerage platform is backed by Chinese tech and gaming giant Tencent and Sequoia Capital.