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China joins U S as engine of global recovery with record growth
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China Joins U S as Engine of Global Recovery With Record Growth
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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Smart Share Global Limited Announces Pricing of Initial Public Offering
Energy MonsterApril 1, 2021 GMT
SHANGHAI, China, April 01, 2021 (GLOBE NEWSWIRE) Smart Share Global Limited (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced the pricing of its initial public offering (“IPO”) of 17,650,000 American Depositary Shares (“ADSs”) at a public offering price of $8.50 per share. The aggregate offering size of the IPO is approximately $150.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “EM” on April 1, 2021. The offering is expected to close on April 6, 2021, subject to customary closing conditions.
Amid China s scrutiny, Jack Ma s wealth falls nearly $11 billion in two months: Report
China has begun an investigation into suspected monopolistic activities by Alibaba, which hurt the company s Hong Kong-listed shares. December 30, 2020 / 01:27 PM IST
Alibaba co-founder Jack Ma has lost nearly $11 billion of his wealth since the end of October, after China increased scrutiny on the e-commerce giant.
Ma s net worth has slipped to $50.9 billion from a peak $61.7 billion, making him the 25th richest person in the world, as per the Bloomberg Billionaires Index.
China on December 24 began an investigation into suspected monopolistic activities by Alibaba, which hurt the company s Hong Kong-listed shares.
Alibaba s Jack Ma loses $11 billion in two months amid Chinese crackdown
Alibaba co-founder Jack Ma wealth has dwindled to $50.9 billion from a peak of $61.7 billion, making him the 25th richest person in the world, according to the Bloomberg Billionaires Index
BusinessToday.In | December 30, 2020 | Updated 12:26 IST
Alibaba co-founder Jack Ma who is often linked to the meteoric rise of China s internet sector was poised to reclaim the title of Asia s wealthiest person when his net worth reached a peak of $61.7 billion this year
Alibaba co-founder Jack Ma s net worth has toppled around $11 billion since the end of October as China has increased scrutiny of the e-commerce giant along with the country s other tech heavyweights.
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