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Shein to File Hong Kong IPO Prospectus in Weeks After London Plan Stalls, Eyes $50 Billion Valuation | DeepNewz VC
deepnewz
·
1m ago
Medial
Shein plans to file a draft prospectus for an IPO in Hong Kong after its London listing plans stalled due to the lack of Chinese regulatory approval. The fast-fashion company, originally targeting a London public listing, now aims to proceed in Hong Kong, with hopes to go public by the end of the year.
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China fashion retailer Shein files for Hong Kong IPO to save London listing: FT - The Economic Times
Economic Times
·
4d ago
Medial
China-founded fast-fashion retailer Shein has filed for an initial public offering (IPO) in Hong Kong to expedite its prolonged listing process and pressure UK regulators for a London debut, as reported by the Financial Times. This move follows previous reports about a confidential draft prospectus. The shift represents a rare departure from the usual public IPO filings. Shein aims to leverage this strategy to achieve its listing goals amidst regulatory challenges.
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Shein steps up London IPO preparations amid US hurdles to listing
Economic Times
·
1y ago
Medial
Shein, the fast-fashion retailer, is reportedly preparing for a London listing after facing obstacles for its planned IPO in the US. The company, valued at $66 billion in a fundraising round last year, has engaged with financial and legal advisors in London and has approached London-based fund managers. While the US IPO plan is still being considered, Shein is looking to file with the London Stock Exchange as early as this month. It may also pursue a secondary listing in the US at a later date.
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Hong Kong eyes crypto derivatives, margin lending in digital asset push
Economic Times
·
4m ago
Medial
Hong Kong is exploring the approval of cryptocurrency derivatives and margin lending for specific investors, as part of its push to become a regional digital assets hub. The Securities and Futures Commission's chief executive, Julia Leung, highlighted the initiative at the Consensus Hong Kong 2025 conference. Hong Kong has issued nine digital asset trading platform licenses, with more applications pending, and is advancing stable coin regulation. The initiative follows mainland China's crypto transaction ban, with similar efforts seen in Singapore and Dubai.
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China's Pony.ai eyes robotaxi services in Hong Kong, joining Baidu
Economic Times
·
6m ago
Medial
Pony.ai, a Guangzhou-based autonomous driving company, plans to launch robotaxi services in Hong Kong, initially targeting airport staff, before expanding city-wide. This move comes amidst competition from Baidu, which also aims to introduce driverless taxis in Hong Kong after obtaining trial approval. Pony.ai, already licensed for services in major Chinese cities, is also exploring opportunities in South Korea, Luxembourg, the Middle East, and other regions for future business expansion.
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China AI chip firm Biren raises new funds, plans Hong Kong IPO - The Economic Times
Economic Times
·
15d ago
Medial
Chinese AI chip company Biren Technology has secured approximately 1.5 billion yuan in new funding and is preparing for a Hong Kong IPO amid China's push to develop domestic semiconductor alternatives due to U.S. export restrictions. The funding round, largely backed by state-linked investors, underscores China's focus on building homegrown graphics processing units critical for AI. Previously planning a mainland listing, Biren shifted its IPO focus to Hong Kong, aiming to file by late third quarter.
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Alibaba's cloud division eyes state firms for up to $3 billion fundraising
Economic Times
·
1y ago
Medial
Alibaba Group Holding Ltd's cloud division is weighing a private round to raise funds from Chinese state-owned enterprises ahead of the business' market debut in Hong Kong, Bloomberg News reported on Monday.
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China's Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong
Economic Times
·
1y ago
Medial
Alibaba Group has initiated its restructuring plan by announcing its intention to list its logistics arm, Cainiao, in Hong Kong. This move follows Alibaba's announcement of its break-up plans six months ago. While the financial terms of the offering have not been finalized, Alibaba will retain over 50% of Cainiao's shares, making it a subsidiary of the company after the spin-off. The initial public offering (IPO) of Cainiao is expected to revive fundraising activities in Hong Kong, with the company aiming to raise between $1 billion and $2 billion.
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Chinese developer faces Hong Kong court hearing today over winding up company
Livemint
·
1y ago
Medial
China Evergrande Group, the world's most indebted developer, faces a critical court hearing in Hong Kong as creditors request to wind up the company. Failure to present a concrete debt restructuring plan could result in liquidation, leading to further chaos in Evergrande's operations and denting sentiments in the housing market. A group of offshore creditors is also demanding controlling equity stakes in the developer and its two Hong Kong-listed units. Evergrande has been struggling to salvage its multi-billion dollar debt overhaul since its default in December 2021.
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Canadian pension fund OTPP trims Asia venture growth team, to focus on India
VCCircle
·
1y ago
Medial
Ontario Teachers' Pension Plan (OTPP) has laid off four dealmakers in its Asia venture and growth equity investment team in Hong Kong. The team will now shift its focus to India, with OTPP spokesperson stating that "this decision is related only to our venture growth team in Hong Kong." This move comes amid rising tensions between China and the West, as well as a challenging investment environment in the country due to tougher listing rules and rising global interest rates. OTPP has spent over $22 billion in the Asia Pacific region.
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China Evergrande's EV share sale deal lapses
Reuters
·
1y ago
Medial
China Evergrande New Energy Vehicle Group's share sale plan with U.S.-listed NWTN has expired, according to a filing with the Hong Kong stock exchange. As the parties did not agree to extend the long stop date, the share subscription and loan conversion subscription agreement between Evergrande New Energy Vehicle and NWTN is no longer valid. In August, Evergrande's electric vehicle arm had announced a plan to issue 6.18 billion new shares to NWTN for HK$3.89 billion ($498.2 million).
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