China Economic ReviewChina brought in a record $334 billion in net foreign direct investment (FDI) last year, a 32% year-on-year increase, reports Caixin. Net FDI inflows are a large part of total net overseas investment into China, which itself jumped 13% to $661.6 billion in 2021, according to the State Administration of Foreign Exchange (SAFE). Another major […]
JD Logistics, a subsidiary of Chinese internet giant JD.com, is pricing its issue of new shares at $2.65 each to raise $1.09 billion, according to a Friday filing with the Hong Kong Stock Exchange, reports Reuters. The deal consists of a placement of about $700 million worth of shares to its parent company JD.com and […]
A group of Chinese regulators have told several of the country’s US-listed companies, including JD.com, Baidu and Alibaba, to be ready for further audit disclosures, as Beijing increases efforts to ensure domestic companies remain listed in New York, reports Reuters. According to Reuters’ sources, this comes as China’s regulators are considering a proposal to allow […]
Struggling property developer China Evergrande Group has announced that it will be unable to post its financial results for last year by the March 31 deadline required by stock listing rules, as work on auditing the data will not be complete, reports Reuters. Evergrande said in a stock exchange filing that due to the “drastic […]
Chinese internet giant Alibaba announced on Tuesday plans to increase its share buyback program by $10 billion, from $15 billion to $25 billion, the second increase in a year, reports Reuters. Alibaba said it had already re-purchased about $9.2 billion of its US-listed shares as of March 18 under its program, which was initially slated […]