Shares of Yum China Holdings rose in their first day of trading on the New York Stock Exchange after the spinoff of Yum Brands’ China unit was completed earlier Tuesday morning. Yum China shares, trading under the stock symbol YUMC, rose 2% to $24.72 in early trading. Yum Brands added 40 cents to $62.44. Yum […]
Category: Markets
ZTO, one of a dozen express delivery companies that work closely with Alibaba, has raised $1.4bn, piggy backing on the Hangzhou-based ecommerce group’s record $25bn listing in 2014. In spite of pricing ahead of expectations, ZTO’s shares fell in their debut on Thursday on the New York Stock Exchange. They closed down a disappointing 15% […]
ZTO Express, the Chinese delivery service that gets about three-quarters of its business from Alibaba, is set for a US IPO that will be this year’s biggest. Bloomberg reports the planned $1.3 billion sale, the most a Chinese company raised in New York since Alibaba raised a record $25 billion in 2014, may mark an […]
In a country that consumes half the world’s pork, price swings have become so large that they hurt the ability of domestic producers to keep up with demand, even with a herd of 450 million pigs. Imports are the highest ever and exceed all other buyers. The Dalian Commodity Exchange, China’s largest marketplace for everything […]
Postal Savings Bank of China announced Friday that it will sell 320 million extra shares to boost its sales to institutional investors in its colossal initial public offering (IPO) in Hong Kong. The 2.64% overallotment of the global offering will raise an extra HK$1.5 billion ($193.3 million) at a price of HK$4.76 per share, which […]