The post-Covid future of corporate events and industry conferences will be a dual-track of simultaneous in-person and metaversal meetings, according to the head of Regal Hotels, which is preparing to host virtual events in The Sandbox, reports the South China Morning Post. As the first listed property group in the city to invest in virtual […]
Category: Tech, Media & Telecom
The turbulent initial public offering of Chinese ride-hailing giant Didi Chuxing is now being investigated by the US Securities and Exchange Commission, piling more regulatory pressure on the company after Beijing launched a national security probe into the group last year, reports the Financial Times. Chinese authorities opened an investigation into Didi two days after […]
The US Securities and Exchange Commission (SEC) added over 80 more companies to a growing list of firms facing the possibility of delisting from US exchanges due to a lack of financial audit access for regulators. Included in the list are Chinese tech giants JD.com, Pinduoduo and Bilibili, reports Bloomberg. The SEC on Wednesday put […]
Full Truck Alliance has put its potential $1 billion listing on the Hong Kong stock exchange on hold due to an ongoing cybersecurity investigation, reports Reuters. China’s ‘Uber for trucks,’ backed by investors including SoftBank’s Vision Fund and Tencent and known as Manbang in China, has been planning a dual primary listing in Hong Kong […]
First quarter sales of smartphones in China were at their lowest level since the start of the Covid-19 pandemic, with poor consumer sentiment to blame thanks to covid-related disruptions and a faltering economy, reports the South China Morning Post. China’s smartphone sales slid 14% in the first quarter of 2022 to 74.2 million units, according […]