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China's tech giants are muscling in on lucrative IPO market

(Jan 20): Chinaโ€™s big technology companies, facing a crackdown at home over their dominance in online commerce and push into finance, are finding success in underwriting initial public offerings abroad. Online brokerages backed by Xiaomi Corp and Tencent Holdings Ltd have been hired to help arrange almost every blockbuster overseas share sale by Chinaโ€™s new economy firms over the past year such as XPeng Inc and Li Auto Inc. Their success makes them a threat to Chinaโ€™s small and mid-sized ...
United States Brian Gu Alice Liu Dennis Wu Xpeng Gu Asia Pacific

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China's Xiaomi, Tencent-backed online brokerages tap lucrative US IPO market

streetAsias premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW Singapore Reporter/s In Singapore, we are lookin...
United States Brian Gu Alice Liu Dennis Wu Xpeng Gu Asia Pacific

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